FHFA details TechSprint initiative
The Federal Housing Finance Agency (FHFA) recently announced its first TechSprint, a team-based problem-solving event targeting securing the fair flow of data within the housing finance system. ...
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CFPB guidance targets financial markets abusive conduct
The Consumer Financial Protection Bureau (CFPB) has issued a policy statement outlining legal prohibitions regarding abusive conduct in consumer financial markets. Authorities noted the offering al...
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U.S. Department of Justice seizes $112M from cryptocurrency investment scams
The U.S. Department of Justice has seized an estimated $112 million of virtual currency from several cryptocurrency investment scams. Judges authorized seizure warrants for six virtual currency acc...
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SEC hits Merrill Lynch with fines over undisclosed foreign exchange fees
The Securities and Exchange Commission (SEC) has hit Merrill Lynch, Pierce, Fenner & Smith with fines and penalties for charging advisory clients more than $4 million in undisclosed foreign exchange f...
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Measure seeks to incentivize employers to hire TANF recipients, provide job skills training
U.S. Reps. Carol Miller (R-WV) and Ron Estes (R-KS) have introduced legislation they noted incentivizes employers to hire Temporary Assistance for Needy Families (TANF) recipients and provide job skil...
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Reps. Estes, Kildee offer resolution to condemn foreign digital service taxes
U.S. Reps. Ron Estes (R-KS) and Dan Kildee (D-MI) have introduced a resolution that condemns foreign digital services taxes (DSTs). These taxes, imposed by foreign countries like France, Canada, a...
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Sen. Lankford sponsors bill to allow businesses to fully expense new investments
U.S. Sen. James Lankford (R-OK) authored a bill that would make permanent a provision in the 2017 Tax Cuts and Jobs Act (TCJA) to allow businesses to fully expense new investments in the year of purch...
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Bill supports CFPB whistleblower financial compensation awards
A group of lawmakers recently reintroduced a bill they said seeks to provide financial compensation to whistleblowers who report Consumer Financial Protection Bureau (CFPB) offenses. U.S. Sen. C...
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Legislators introduce bill enabling federal regulators to recover compensation from failed bank executives
A group of lawmakers recently introduced legislation they noted enables federal regulators to recoup all or part of bank executive compensation received in the event of a bank failure. U.S. Sens. E...
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Lawmakers express concerns regarding SVB stock trade timing
A group of lawmakers recently forwarded correspondence to the Securities and Exchange Commission (SEC) outlining concerns regarding large Silicon Valley Bank (SVB) executive stock trades before the ba...
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