President Donald Trump designated Mark T. Uyeda as acting Securities and Exchange Commission (SEC) chairman on Tuesday. Uyeda served during Trump’s first term in the U.S. Department of the Treasu...
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Legislation recently introduced in the U.S. Senate would add a new subsection to Section 6020 of the Internal Revenue Code to prohibiting the Internal Revenue Service from preparing tax returns in una...
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In light of disasters across the country over the past year, U.S. Reps. Laurel Lee (R-FL) and Jared Moskowitz (F-FL) introduced legislation on Jan. 16 that would allow individuals to create tax-free s...
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The National Credit Union Administration (NCUA) released an analysis of statistics for overdraft and non-sufficient funds (NSF) fees. The research note highlighted two main statistical observations...
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U.S. Sen. Cindy Hyde-Smith (R-MS) and U.S. Rep. Andy Barr (R-KY) introduced a bill that seeks to increase the approval for new banks, particularly in rural and underserved areas. The Promoting New ...
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A five-month, U.S. Department of the Treasury pilot program with the Social Security Administration’s Full Death Master File prevented or recovered more than $31 million in fraud and improper paymen...
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The Conference of State bank Supervisors (CSBS) announced that 48 state financial regulators took enforcement action against Block, Inc., for BSA/AML violations. CSBS said that Block violated the B...
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U.S. Sen. Tim Scott (R-SC), chairman of the Senate Committee on Banking, Housing, and Urban Affairs, laid out his legislative and oversight priorities for the 119th Congress. As the first Black ch...
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The U.S. House Financial Services Committee will create a new Monetary Policy, Treasury Market Resilience and Economic Prosperity Task Force, U.S. Rep. French Hill (R-AR), committee chair, said on Jan...
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The U.S. District Court for the Southern District of New York recently filed a consent order against New York-based trust company Gemini Trust Co. LLC, ordering the company to pay a $5 million civil m...
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