On Friday, the Federal Deposit Insurance Corporation (FDIC) sent letters to five entities demanding they stop making false and misleading claims about FDIC deposit insurance. According to the lett...
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A group of U.S. senators sent a letter to federal regulators last week, voicing their support for the new capital rules proposed by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC...
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More than 1,000 projects have registered for the clean energy tax credits program, according to the U.S. Department of the Treasury and Internal Revenue Service (IRS). The Inflation Reduction Act ...
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U.S. Reps. Ann Wagner (R-MO), Chris Pappas (D-NH), and Tim Burchett (R-TN) are pushing for a legislative fix for Form 1099-K reporting requirements that the lawmakers say would create bureaucratic hur...
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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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