U.S. Rep. Dave Joyce (R-OH) introduced legislation that would increase the tax rate on private university endowment profits. The Higher Education Accountability Tax (HEAT) Act (H.R. 9331) would inc...
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U.S. Rep. Mike Carey (R-OH) is working on legislation that seeks to end the practice by the Social Security of collecting overpayments. The bill would prevent the Social Security Commissioner from...
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The Managed Funds Association (MFA) offered some recommendations for the U.S. Treasury Department to consider as they set rules on the use of artificial intelligence (AI) in financial services. In ...
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To help rid the market of predatory and exclusionary home lending practices, the Consumer Financial Protection Bureau (CFPB) today released an advisory opinion and research report on contract-for-deed...
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Two United States senators denounced a threat by JPMorgan Chase & Co. to impose new checking account fees for over 80 million consumers in response to the Consumer Financial Protection Bureau’s ...
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The Securities and Exchange Commission (SEC) settled fraud charges against Ideanomics, Inc., formerly known as Seven Stars Cloud Group, Inc., and its former CEO for misleading the public about the com...
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The Financial Crimes Enforcement Network (FinCEN), which is part of the U.S. Treasury Department is launching a public service announcement (PSA) campaign to educate small businesses about new benefic...
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U.S. Sens. Bob Casey (D-PA) and Elizabeth Warren (D-MA) are questioning Kroger Co.’s use of digital price tags, or Electronic Shelving Labels (ESLs), in 500 of its grocery stores, a move the lawmake...
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The U.S. District Court for the Southern District of New York ordered FTX Trading and Alameda Research to pay $12.7 billion in monetary relief to FTX customers and victims of FTX’s fraud. The or...
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Democrats on the Congressional Joint Economic Committee (JEC) released a report last week that examines the benefits of investing in school meal programs. The report found that an estimated 3.3 mil...
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