A group of Democratic lawmakers introduced a bill in Congress that seeks to reform the private equity industry. The Stop Wall Street Looting Act would reform private equity in several ways. Specifi...
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U.S. Sen. Sherrod Brown (D-OH) is urging the new head of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, to review the tenant screening industry to protect renters. In April, Brown,...
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Washington State Insurance Commissioner Mike Kreidler is targeting Jan. 1, 2022, as the effective date for a permanent rule temporarily banning credit scores for insurance policies for three years. ...
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Federal Housing Finance Agency (FHFA) officials said the agency has initiated a pair of measures designed to bolster nationwide mortgage borrower housing sustainability and affordability nationwide. ...
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Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and UK authorities, including $100 million to the U.S. Securities and Exchange Commission (SEC), to resolve charges in connection w...
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A group of lawmakers expressed support of a measure countering potential new Internal Revenue Service (IRS) reporting requirements for banks or other financial institutions as part of a surveillance i...
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The Independent Community Bankers of America (ICBA) issued a statement opposed to a recent proposal by the Internal Revenue Service that would alter tax reporting requirements. “While policymake...
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The U.S. Treasury put out a fact sheet this week that seeks to provide clarity on its proposed tax compliance reform initiative and its financial reporting requirements. In it, the Treasury seeks t...
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Securities and Exchange Commission (SEC) personnel said a recently released report stems from examining efforts to make equity markets fair, orderly, and efficient. The Staff Report on Equity and O...
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At the Mortgage Bankers Association (MBA) Annual Convention & Expo this week, Kristy Fercho, MBA chair and head of home lending at Wells Fargo, announced MBA's new initiative, the Home for All Pledge....
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