U.S. Sen. Tim Scott (R-SC), ranking member on the Senate Banking Committee, is urging the SEC to rescind two rules that would expand the types of entities required to register as securities dealers. ...
Read More
U.S. Sens. Sherrod Brown (D-OH), Jack Reed (D-RI), and Elizabeth Warren (D-MA) are calling on Venmo to adopt policies to reimburse consumers who get scammed. This call from the senators follows a ...
Read More
U.S. Rep. Mike Turner (R-OH) introduced a bill in the House last week that would prohibit banks from forcing customers to use electronic bank statements instead of paper statements. His bill, the P...
Read More
U.S. Sen. Elizabeth Warren (D-MA) and U.S. Rep. Hank Johnson (D-GA) recently led 91 legislators in urging the Consumer Financial Protection Bureau (CFPB) to protect consumers by reining in the financi...
Read More
A group of House lawmakers, led by Rep. Lloyd Smucker (R-PA) have introduced legislation that seeks to update and strengthen the Work Opportunity Tax Credit (WOTC). The Improve and Enhance the Work...
Read More
U.S. Reps. Darin LaHood (R-IL) and Linda Sanchez (D-CA) introduced a bill that will allow individuals to roll over their Roth IRA savings into a Roth account within a workplace retirement plan. Cur...
Read More
The Securities and Exchange Commission (SEC) adopted rule changes this week that seek to improve risk management practices for central counterparties in the U.S. Treasury market. The rule changes u...
Read More
U.S. Reps. Brian Fitzpatrick (R-PA) and Marie Gluesenkamp Perez (D-WA) introduced a bill that would index the federal minimum wage to a regional cost-of-living standard. In addition, the Fair Wage ...
Read More
U.S. Sens. Jack Reed (D-RI), Mark Warner (D-VA), Mike Rounds (R-SD), and Mitt Romney (R-UT) are taking steps to disrupt and eradicate the illicit financial networks of terrorist organizations. The ...
Read More
On Friday, the Consumer Financial Protection Bureau (CPB) ordered Atlantic Union Bank to pay $6.2 million for its part in an illegal overdraft fee harvesting action. The CFPB said it found that At...
Read More