A group of Democratic senators are urging the Federal Reserve to review its approach to big bank mergers following the collapse of several large banks this year – including Silicon Valley Bank, Sign...
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The Securities and Exchange Commission levied charges against 10 broker-dealers and one investment advisor/broker-dealer for what it called widespread and longstanding failures to maintain and preserv...
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The U.S. Federal Reserve Board released more information this week on its program to supervise novel activities in the banks it oversees. Novel activities are those that involve complex, technology-...
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The Federal Reserve Board is looking for individuals to serve on its Insurance Policy Advisory Committee, or IPAC. For these roles, the Federal Reserve Board is seeking individuals that possess a d...
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U.S. Rep. Blaine Luetkemeyer (R-MO) announced that his Stop Fentanyl Money Laundering Act has advanced out of the House Financial Services Committee. Luetkemeyer, the chair of the National Security...
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A bipartisan group of legislators introduced legislation last week that would direct the Consumer Product Safety Commission to explore the use of artificial intelligence (AI) in their work through a p...
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The Minority Business Development Agency (MBDA) Capital Readiness Program (CRP) has awarded $57 million to 12 states. The awards, announced by Vice President Kamala Harris, will be used to provide ...
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A group of lawmakers have introduced a bill that would encourage retirement savings by bolstering the growth of S corporations owned by Employee Stock Ownership Plans (S-ESOP). U.S. Sens. Steve Dai...
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Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) officials have notified members of the proposed intent to merge into a single entity. CU...
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The Internal Revenue Service (IRS) said taxpayers will have the option to go paperless for agency correspondence by 2024 Filing Season. Additionally, the agency noted it endeavors to achieve tax re...
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