On Wednesday, 25 state financial regulators ensured that $82 million in cryptocurrency assets would be returned to consumers after taking action against Abra Trading and others for operating a cryptoc...
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A group of U.S. Senate Banking Committee Republicans, led by U.S. Sen. Mike Rounds (R-SD), has urged the Securities and Exchange Commission (SEC) to withdraw its proposed rulemaking on volume-based tr...
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On Tuesday, the Consumer Financial Protection Bureau (CFPB) issued a ruling that would extend the compliance deadlines for the small business lending rule. In March 2023, the CFPB issued the small ...
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A coalition of business groups, including the U.S. Chamber of Commerce, released a whitepaper this week detailing its concerns with the agenda of the Securities and Exchange Commission (SEC) and offer...
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The average 401(k) plan participant deferred 7.4 percent in 2023, according to Vanguard's annual report on Americans’ retirement savings behavior. When combined with employer contributions, the a...
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U.S. Treasury Secretary Janet Yellen announced Monday new department efforts to use its existing authorities to increase the supply of housing as part of the Biden administration’s push to lower hou...
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Intercontinental Exchange Inc. said Monday it will launch a clearing service for all U.S. Treasury securities and repurchasing agreements. The clearing service will leverage ICE’s global clearin...
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U.S. Sen. James Lankford (R-OK) led several Republican senators last week in urging the U.S. Department of Labor (DOL) to support state unemployment insurance agencies and their efforts to prevent fra...
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The Federal Housing Finance Agency (FHFA) on June 21 issued a conditional approval for Freddie Mac to engage in a pilot program to purchase single-family closed-end second mortgages. That condition...
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U.S. Sens. Todd Young (R-IN) and Jeanne Shaheen (D-NH) introduced legislation to address the mounting student debt crisis in America. The Student Protection and Success Act seeks to increase higher...
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