Sen. Wyden leads effort to warn Trump officials about effects of IRS staffing cuts
A group of senate Democrats, led by Senate Finance Committee Ranking Member Ron Wyden (D-OR) are warning the Trump administration officials that staffing reductions at the Internal Revenue Service (IRS) could have negative affects this tax season. Wyden said the hiring freeze and potential layoffs would likely delay tax refunds, harm taxpayer service, and undermine law enforcement efforts. Wyden, along with Sen. Chuck Schumer (D-NY) and seven Democratic senators on the committee, urged the Ad...
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Financial groups commend resolutions to invalidate CFPB’s overdraft rule
A group of financial associations, including the Bank Policy Institute, applauded Congressional leaders for recent resol...Read More »
Sen. Scott introduces bill to extend deadline for beneficial ownership reporting
U.S. Sen. Tim Scott (R-SC) introduced legislation that would extend the filing deadline for businesses to report benefic...Read More »
U.S. Senate committee passes bill to extend COVID relief watchdog group
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The U.S. House of Representatives on Feb. 10 voted to pass bipartisan legislation that would update the requirements for...Read More »
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Overhaul U.S. Steel’s leadership now that Nippon deal is officially dead, says Ancora
The battle over the future of U.S. Steel escalated on Monday as activist investor Ancora Holdings Group LLC called for a...Read More »
Sens. Curtis, Cramer introduce Fair Access to Banking Act
A group of Republican senators, led by U.S. Sens. John Curtis (R-UT) and Kevin Cramer (R-ND), introduced legislation tha...Read More »
FDIC releases documents related to supervision of banks involved in crypto activities
The Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks involved in ...Read More »
APCIA outlines potential impacts on insurance industry if tariffs go into effect
The American Property Casualty Insurance Association (APCIA) outlined some of the impacts of President Donald Trumps pro...Read More »
Eletson bankruptcy judge hands shipping company and Reed Smith latest blow as Chapter 11 plan progresses
In the most recent signal that the legal challenge to Eletson Holdings Inc.’s Chapter 11 plan may be running out of op...Read More »
