A bill that would permit sanctions on certain Chinese entities in China’s defense and surveillance technology sectors was passed by the House Financial Services Committee this week. The Chinese ...
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Several leading financial groups, including the Consumer Bankers Association (CBA), voiced their opposition this week to a bill introduced in the U.S. Senate that would cap credit card interest rates....
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On Tuesday, the Consumer Financial Protection Bureau (CFPB) released guidelines for lenders to adhere to when using artificial intelligence and other models to deny consumers credit. The guidance ...
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A bipartisan group of House legislators on the Ways and Means Committee is urging the federal authorities to combat Canada’s unilateral imposition of a digital services tax (DST). The lawmakers,...
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A report U.S. Government Accountability Office (GAO) examines security risks to the safety of confidential taxpayer information at the Internal Revenue Service (IRS). The GAO report identifies do...
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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a guide to help small businesses comply with the beneficial ownership information (BOI) reporting rule. ...
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The Securities and Exchange Commission (SEC) has charged a leading ride share company with a disclosure violation. The SEC charged Lyft Inc. for failing to disclose a company board director’s ro...
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The Consumer Bankers Association (CBA) is one of 11 trade associations that have raised their voices in opposition to an effort to attach the Credit Card Competition Act to an appropriations bill. ...
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U.S. Reps. Bill Johnson (R-OH) and Dean Phillips (D-MN) have introduced legislation would require the Department of Commerce to study the impact of technology startup companies on the economy. The Ad...
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U.S. Sen. Sherrod Brown (D-OH) is urging federal financial regulators to strengthen transparency in cryptocurrency markets. Brown said that the current lack of full disclosure about digital assets pr...
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