U.S. Sen. Sheldon Whitehouse (D-RI) is calling on the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to codify and strengthen the disclosure requirements for all-cash real estat...
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The Commodity Futures Trading Commission (CFTC) levied fraud charges against a hedge fund manager this week. The CFTC filed a civil enforcement action in the U.S. District Court for the Southern D...
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The Consumer Financial Protection Bureau (CFPB) has released a bulletin detailing student loan servicers must refrain from unlawful conduct regarding borrowers’ eligibility via the Public Service Lo...
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U.S. Rep. Bruce Westerman (R-AR) introduced a bill that would prohibit the Internal Revenue Service (IRS) from hiring additional tax enforcement personnel until all tax returns from the past two years...
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A group of U.S. senators recently introduced legislation that seeks to strengthen criminal money laundering statutes. The Combatting Money Laundering, Terrorist Finance and Counterfeiting Act of 20...
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The U.S. Department of Justice (DOJ) Thursday announced the appointment of Eun Young Choi as the first Director of the National Cryptocurrency Enforcement Team (NCET). The DOJ said Choi, who most ...
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A group of lawmakers recently forwarded correspondence to IRS Commissioner Charles Rettig, encouraging the agency to address backlogs while enhancing customer service. U.S. Sens. Dianne Feinstein ...
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Three Republican congressmen introduced legislation that seeks to protect small banks and lenders from certain compliance standards. The Small LENDER Act (H.R. 6732) -- introduced by U.S. Reps. Fre...
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A group of lawmakers recently forwarded correspondence to the Department of the Treasury, requesting unused Emergency Rental Assistance Program (ERA) funds be reallocated to states in highest need. ...
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The Consumer Financial Protection Bureau (CFPB) recently announced a new public engagement and regulatory request revision process, which should prove universally beneficial. "Americans should be a...
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