The Securities and Exchange Commission (SEC) released a draft strategic plan for fiscal years 2022 to 2026 for public comment on Wednesday. The draft strategic plan has three major goals: to prote...
Read More
U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, released the findings of a year-long investigation into what he called the largest alleged individual tax evasion scheme in U.S. hist...
Read More
The Federal Housing Finance Agency (FHFA) recently announced plans to establish a Federal Advisory Committee with a focus on affordable, equitable, and sustainable housing. “The formation of an a...
Read More
The Department of Defense (DoD) recently issued a report detailing how financial institutions are serving military installations and examines the DoD’s policies to ensure access to financial service...
Read More
A group of banking industry organizations is challenging the legal basis for the Consumer Financial Protection Bureau’s (CFPB) inquiry into banks' customer service practices. Further, the groups...
Read More
A new report issued by the U.S. Congress Joint Economic Committee (JEC) found that roughly 20 percent of U.S. adults are either unbanked or underbanked, meaning they lack access to a bank account or r...
Read More
According to the latest National Association of Federally-Insured Credit Unions (NAFCU) Macro Data Flash report, existing home sales fell in July, representing the sixth consecutive month reflecting a...
Read More
The Independent Community Bankers of America (ICBA) recently forwarded correspondence to the Federal Deposit Insurance Corporation (FDIC), encouraging the agency to reject the application of Ford Cred...
Read More
The U.S. Department of Treasury approved up to $750 million in funds for four state plans through the State Small Business Credit Initiative (SSBCI). The funding is part of a $10 billion initiative...
Read More
A coalition of banking organizations have taken issue with the Federal Deposit Insurance Corporationʻs (FDIC) proposed increase of deposit insurance assessment rates. In a comment letter to the FD...
Read More