Net income for the nation’s banks fell 3.4 percent to $68.4 billion in the third quarter, according to the Federal Deposit Insurance Corporation’s (FDIC) Quarterly Banking Profile. The report ...
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U.S. Sen. Katie Britt (R-AL) is among a group of senators who introduced a bill that would limit the authority of the Federal Insurance Office (FIO). Britt's bill, the Insurance Data Protection Ac...
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On Wednesday, legislation aimed at preventing billionaires from escaping their fair share of taxes was introduced into Congress. U.S. Reps. Steve Cohen (D-Tenn.) and Don Beyer (D-Va.) announced We...
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On Tuesday, the Consumer Financial Protection Bureau (CFPB) said it had ordered Bank of America to pay a $12 million penalty for falsifying mortgage lending information. According to the bureau fo...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned three audit firms for failing to file required forms. The documents in question are Form APs. Registered audit firms are required to...
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U.S. Sens. Sherrod Brown (D-OH) and John Fetterman (D-PA) are urging the selection committee for the next president of the Cleveland Federal Reserve to make sure the process is transparent and include...
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U.S. Rep. Beth Van Duyne (R-TX) introduced legislation to repeal the Superfund tax imposed through the Infrastructure Investment and Jobs Act. The Superfund chemical excise tax impose a tax on the...
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On Monday, U.S. Sens. Mark Warner (D-VA) and Tim Kaine (D-VA) announced they had secured more than $4 million in federal funding for the Virginia Small Business Financing Authority (VSBFA). The fu...
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The Securities and Exchange Commission (SEC) adopted a rule that is intended to prevent the sale of asset-backed securities (ABS) that are tainted by conflicts of interest. More specifically, it p...
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The SEC’s Small Business Capital Formation Advisory Committee will discuss the definition of accredited investor and diversity in the investment process when it meets Wednesday. The committee, w...
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