U.S. Sen. Katie Britt (R-AL) is among a group of senators who introduced a bill that would limit the authority of the Federal Insurance Office (FIO). Britt's bill, the Insurance Data Protection Ac...
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On Wednesday, legislation aimed at preventing billionaires from escaping their fair share of taxes was introduced into Congress. U.S. Reps. Steve Cohen (D-Tenn.) and Don Beyer (D-Va.) announced We...
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On Tuesday, the Consumer Financial Protection Bureau (CFPB) said it had ordered Bank of America to pay a $12 million penalty for falsifying mortgage lending information. According to the bureau fo...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned three audit firms for failing to file required forms. The documents in question are Form APs. Registered audit firms are required to...
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U.S. Rep. Beth Van Duyne (R-TX) introduced legislation to repeal the Superfund tax imposed through the Infrastructure Investment and Jobs Act. The Superfund chemical excise tax impose a tax on the...
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The Securities and Exchange Commission (SEC) adopted a rule that is intended to prevent the sale of asset-backed securities (ABS) that are tainted by conflicts of interest. More specifically, it p...
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The SEC’s Small Business Capital Formation Advisory Committee will discuss the definition of accredited investor and diversity in the investment process when it meets Wednesday. The committee, w...
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A group of financial services organizations are asking the Federal Reserve to extend the comment period for its interchange proposal by at least 90 days. The Fed, which proposed the changes at its...
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Economists at Bank of America (BofA) Global Research released their 2024 outlook, calling for a soft “landing” for the economy. "2023 defied almost everyone's expectations: recessions that neve...
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U.S. Sen. Rick Scott (R-FL) introduced a bill in the U.S. Senate last week that would prohibit money services businesses from engaging in any transaction that involves a central bank digital currency ...
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