A group of U.S. senators introduced legislation this week that would gradually raise the federal minimum wage to $11 per hour and mandate the use of E-Verify to ensure the wage increase only goes to l...
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The Securities and Exchange Commission (SEC) has proposed new rules to improve access to and management of accounts on its EDGAR system. EDGAR, which stands for the Electronic Data Gathering, Anal...
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U.S. Rep. Tom Emmer (R-MN) introduced legislation that would halt the Federal Reserve from issuing a central bank digital currency (CBDC). Emmer’s CBDC Anti-Surveillance State Act prohibits the F...
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The Securities Industry and Financial Markets Association (SIFMA), along with the SIFMA Asset Management Group are among 26 associations urging the Securities and Exchange Commission (SEC) not to adop...
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U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Bill Cassidy (R-LA) introduced legislation to reform the Supplemental Security Income (SSI) program. The SSI Savings Penalty Elimination Act w...
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The Federal Housing Finance Agency (FHFA) is rolling out more opportunities for the public to engage with it on the transition to updated credit score models and credit report requirements for loans a...
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CME Group, the world's leading derivatives marketplace, got approval from federal regulators for its enhanced cross-margining arrangement with the Depository Trust & Clearing Corporation (DTCC). Th...
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The Consumer Bankers Association and the Bank Policy Institute reached out to federal government agencies on what they perceive as misconceptions about medical payment products. The misconceptions ...
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The Insured Retirement Institute (IRI) said modifications should be considered for a proposed model from the National Association of Insurance Commissioners (NIAC) on insurers’ use of algorithms, pr...
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The Federal Deposit Insurance Corporation (FDIC) released an internal review evaluating the agency’s supervision of First Republic Bank, which failed earlier this year. The report, conducted by F...
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