The U.S. Chamber of Commerce has filed a lawsuit against the Securities and Exchange Commission (SEC) to stop it from implementing a rule that disincentivizes companies from using stock buybacks. T...
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The Financial Industry Regulatory Authority (FINRA) has expelled broker-dealer SW Financial for multiple violations. The violations include making misrepresentations to customers in its sales of pr...
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The U.S. Securities and Exchange Commission (SEC) has detailed charges against two firms, alleging failures by the firms and their employees to maintain and preserve electronic communications. Acc...
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A group of U.S. Senate Republicans introduced legislation last week to recover funds lost to unemployment insurance (UI) fraud. The Protecting Taxpayers and Victims of Unemployment Fraud Act seeks ...
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The Mortgage Bankers Association (MBA) projects total commercial and multifamily mortgage borrowing and lending will decline to $654 billion this year, representing a 20 percent decrease ($816 billion...
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The Federal Deposit Insurance Corporation (FDIC) proposed a rule that would implement a special assessment to recover costs associated with protecting uninsured depositors following the closures of Si...
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U.S. Sens. Roger Wicker, (R-MS) and Debbie Stabenow, (D-MI) and 15 colleagues recently reintroduced the Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act,...
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The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on the borrowers' debt-to-income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. This follows an annou...
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The Consumer Financial Protection Bureau (CFPB) affirmed this week that a bank may violate federal law if it reopens a deposit account to process transactions after a consumer has already closed it. ...
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U.S. Reps. John Rose (R-TN) and Brittany Pettersen (D-CO) have introduced legislation requiring the Community Development Financial Institutions (CDFI) Fund Director to testify before House of Represe...
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