The U.S. Small Business Administration (SBA) and the Internal Revenue Service (IRS) are stepping up their efforts to address suspected pandemic relief fraud. Earlier this year, SBA referred more th...
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The Securities and Exchange Commission announced the censure of a New York-based broker dealer for longstanding compliance violations. The SEC said OTC Link LLC was ordered to pay a $575,000 civi...
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U.S. Sen. Katie Britt (R-AL) introduced legislation this week that seeks to update asset-based thresholds in federal banking law. Many of the asset thresholds Congress established to tailor enhance...
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The Financial Industry Regulatory Authority (FINRA) has fined financial services firm American Portfolios Financial Services $400,000 and ordered it to pay $1,232,939 in restitution, plus interest, to...
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A new survey from the American Bankers Association found that nine out of 10 voters support legislation requiring social media platforms to crack down on fraudulent ads and scams before they reach con...
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Financial technology company Avant has filed an application with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to establish a national bank, ...
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The U.S. House Financial Services Committee advanced legislation on Sept. 16 that stops states from forcing their own interest rate limits onto loans made by banks and credit unions chartered in oth...
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The board of the Federal Deposit Insurance Corporation (FDIC) made two key rulings this week to changes to the bank merger process and promote parity between state and national banks. The first pro...
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The Securities and Exchange Commission (SEC) is granting temporary exemption for cryptocurrency platforms to trade tokenized stocks. The trading platforms, or tokenized securities venues (TSV), bri...
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The Securities and Exchange Commission (SEC) is looking to rescind a rule that requires public companies’ to include a shareholder's proposal in its proxy statement. The SEC said that this mandat...
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