Securities and Exchange Commission (SEC) officials have outlined charges and a settlement agreement regarding Nexo Capital Inc., alleging an unregistered offering of its Earn Interest Product (EIP). ...
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U.S. Sens. Mark Warner (D-VA) and Mike Crapo (R-ID) are urging the U.S. Department of Treasury to consider all comments received in response to the Community Development Financial Institution (CDFI) a...
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The National Association of Federally-Insured Credit Unions (NAFCU) is advocating Federal Reserve guidance regarding account and service request evaluation. The NAFCU indicated Senior Counsel for Res...
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U.S. Rep. Ken Calvert (R-CA) introduced legislation that requires U.S. employers to check the work eligibility of all future hires through the E-Verify system. Specifically, the Legal Workforce Act ...
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The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 13, 2023, maintains mortgage application submissions rose 27.9 percent from one week prior. “...
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U.S. Rep. Stephanie Bice (R-OK) introduced this week the Stop Environmental Calculations (SEC) Act, which seeks to address Securities and Exchange Commission (SEC) climate-related disclosure requireme...
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The Federal Reserve Board offered more details this week on how its pilot climate scenario analysis exercise for large banks will be conducted. The pilot exercise includes physical risk scenarios wit...
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U.S. Reps. Tom Cole (R-OK) and Jake LaTurner (R-KS) recently reintroduced the Bipartisan Social Security Commission Act to address Social Security's long-term solvency. Cole has been a lead sponsor o...
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The Office of the Comptroller of the Currency (OCC) is touting the benefits of its newly revised “Fair Lending” booklet. “Ensuring compliance with fair lending laws will help put an end to disc...
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The Securities and Exchange Commission (SEC) levied charges against two companies for violations related to its crypto asset lending program. Specifically, the SEC charged Genesis Global Capital and ...
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