U.S. Rep. Dan Meuser (R-PA) is commending the Financial Services Committee's advancement of the Protecting U.S. Business Sovereignty Act, which offers overseas domestic companies regulatory protection...
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The Securities and Exchange Commission (SEC) recently adopted rules addressing cybersecurity risk management, strategy and governance. “Whether a company loses a factory in a fire — or millions...
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The House Financial Services Committee is espousing the benefits of advancing seven pieces of legislation addressing a myriad of issues. The Clarity for Payment Stablecoins Act of 2023 (H.R. 4766) ...
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The Federal Deposit Insurance Corporation (FDIC) has indicated bank regulatory agencies are requesting comment on a proposal increasing banking system strength and resilience. According to the FDIC...
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The Securities and Exchange Commission (SEC) is proposing new rules requiring broker-dealers and investment advisers to address potential conflicts of interest associated with predictive data analyti...
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The House Financial Services Committee passed six bills this week, several of which focus on digital assets. Among them is the Financial Innovation and Technology for the 21st Century Act (H.R. 47...
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U.S. Sen. JD Vance (R-OH) is espousing the benefits of legislation he has introduced to improve bank supervision and regulation for insured state banks with assets of $100 billion or more. Vance re...
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U.S. Sens. Ben Cardin (D-MD) and Steve Daines (R-MT) introduced a bill this week in the Senate that would foster the growth of S corporations that are owned by Employee Stock Ownership Plans (S-ESOP)....
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A Public Company Accounting Oversight Board (PCAOB) report maintains there has been a year-over-year rise in the number of deficient audits at audit firms the PCAOB inspected last year. “These fi...
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The Office of the Comptroller of the Currency (OCC) has detailed a $15 million civil money penalty against American Express National Bank (American Express). The OCC alleged the financial instituti...
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