Republican members on the U.S. Senate Finance Committee expressed concerns to their senate colleagues over a proposal to expand the net investment income tax (NIIT). The NIIT is a 3.8 percent tax i...
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The U.S. Department of Treasury has added nine state plans approved under the State Small Business Credit Initiative (SSBCI) to promote small business growth. The Treasury Department has approved o...
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The Commodity Futures Trading Commission (CFTC) is extending the public comment period on a recent request for information it issued on climate-related financial risk. The deadline to submit public...
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The Federal Reserve Board is seeking public comment on a proposal that provides default rules for certain contracts that use the LIBOR reference rate, which will be discontinued next year. LIBOR, ...
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The Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for mishandling the disbursement of state unemployment benefits during the height of the pandemic. The bank autom...
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Findings from a Financial Industry Regulatory Authority (FINRA) Investor Education Foundation study maintains adults generally fared better in 2021 than in the decade leading up to the pandemic. ...
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The Commodity Futures Trading Commission was granted a motion for entry of default judgment in a fraud case connected with binary options and retail foreign currency (forex) transactions. Specifica...
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The leaders of the House Financial Services Committee applauded the passage of legislation that would require financial regulators to adopt data collection standards and replace paper-based forms with...
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U.S. Sens. Bill Cassidy, M.D. (R-LA), John Kennedy (R-LA), Marco Rubio (R-FL), and Cindy Hyde-Smith (R-MS) recently introduced the NFIP Extension Act, which seeks to reauthorize the National Flood Ins...
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Senate Republicans have introduced legislation that seeks to recover funds from unemployment fraud and provide incentives for states to recover fraudulent payments. The Chase COVID Unemployment F...
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