The U.S. House of Representatives unanimously passed legislation that seeks to modernize the examination process for community banks and credit unions. The Supervisory Modifications for Appropriat...
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The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert to help financial institutions identify and stop funding networks supporting Iran’s Islamic Revolutiona...
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The American Bankers Association, among other financial trade associations, are urging Senate Banking Committee leaders to make technical refinements to the stablecoin bill, the CLARITY Act. Specif...
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The U.S. Small Business Administration announced up to $50 million in grant funding will be available to as many as 10 organizations to provide training and technical assistance to support small manuf...
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Members of the National Association of Insurance Commissioners (NAIC) met with U.S. Treasury Secretary Scott Bessent last week to discuss the intersection of private credit and insurance. State ins...
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The Securities and Exchange Commission (SEC) charged 21 individuals for their alleged involvement in an insider trading scheme. The individuals are alleged to have used information misappropriated ...
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U.S. Sen. Elizabeth Warren (D-MA) is leading an effort to seek more clarity from credit reporting agencies on how they are approaching buy now, pay later (BNPL) products. Warren along with Sens. Ri...
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The Securities and Exchange Commission (SEC) proposed amendments that would give public companies the option of filing semiannual reports in lieu of quarterly reports. Currently, public companies a...
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The Securities Industry and Financial Markets Association (SIFMA) made several recommendations for the Office of the Comptroller of the Currency (OCC) in implementing the Guiding and Establishing Nati...
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The National Federation of Independent Business (NFIB) is advocating for a bill that seeks to limit the beneficial ownership information reporting requirements. Specifically, the bill, S.4419, woul...
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