U.S. Rep. Randy Feenstra (R-IA) introduced legislation on Jan. 18 to repeal taxes on the transfer of property from a deceased family member to their heirs, commonly called the “death tax.” The bi...
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A Republican bill that would bolster congressional oversight of the Securities and Exchange Commission (SEC) was introduced in the House of Representatives on Jan. 18. The Review the Expansion of Gov...
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Republicans on the U.S. Senate Banking Committee are calling on federal financial regulators to withdraw their proposal to raise bank capital requirements. The Republican members of the committee, le...
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A new rule proposed by the Consumer Financial Protection Bureau (CFPB) on Wednesday seeks to rein in banks and the fees they charge for overdrafts. Officials with the CFPB said the proposed rule woul...
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The Futures Industry Association (FIA) voiced its opposition to proposed rules by federal bank regulators that would increase capital requirements for derivatives clearing services that banks offer to...
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The U.S. House of Representatives passed several bills this week from the House Financial Services Committee, including two that are designed to protect Taiwan. One of them is the Taiwan Non-Discri...
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The Securities and Exchange Commission (SEC) charged investment bank Morgan Stanley and the former head of its equity syndicate desk with fraud. Specifically, the SEC charged Pawan Passi, the forme...
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U.S. Sen. Ron Wyden (D-OR), chair of Senate Finance Committee, and U.S. Rep. Jason Smith (R-MO), chair of the House Ways and Means Committee, put forth a framework for a new tax proposal. The bipa...
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U.S. Rep. Darin LaHood (R-IL) introduced legislation this week that looks to modernize Generalized System of Preferences and enhance digital trade in the United States. The Digital Trade for Develo...
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Consumer reporting companies must address inaccurate background check reports, the Consumer Financial Protection Bureau said Thursday. Sloppy credit file sharing practices and inaccurate, old or f...
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