CME Group, the world's leading derivatives marketplace, got approval from federal regulators for its enhanced cross-margining arrangement with the Depository Trust & Clearing Corporation (DTCC). Th...
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The Consumer Bankers Association and the Bank Policy Institute reached out to federal government agencies on what they perceive as misconceptions about medical payment products. The misconceptions ...
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The Insured Retirement Institute (IRI) said modifications should be considered for a proposed model from the National Association of Insurance Commissioners (NIAC) on insurers’ use of algorithms, pr...
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The Federal Deposit Insurance Corporation (FDIC) released an internal review evaluating the agency’s supervision of First Republic Bank, which failed earlier this year. The report, conducted by F...
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The Internal Revenue Service (IRS) has begun an initiative to improve tax compliance among high-income earners, partnerships, large corporations, and promoters abusing the nation's tax laws. The ef...
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The Consumer Financial Protection Bureau (CFPB) issued a new report Thursday looking at the impacts companies like Apple and Google have had on payment systems from mobile devices like smartphones and...
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U.S. banks posted aggregate net income of $70.8 billion in second quarter of 2023, down about $9 billion, or 11.3 percent, from first quarter 2023, according to the Federal Deposit Insurance Corporati...
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U.S. Reps. Dan Meuser (R-PA) and Hillary Scholten (D-MI) introduced legislation recently that would increase capital available to small businesses, particularly those in rural or low-income areas. ...
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The Bank Policy Institute (BPI) launched an ad campaign this week on what it contends are the consequences of a proposal to increase capital requirements for banks. The ad campaign, called “Stop ...
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U.S. Sen. Thom Tillis (R-NC) is leading a coalition of Republicans on the Senate Banking Committee in urging the Consumer Financial Protection Bureau (CFPB) to halt the effective date of the small bus...
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