U.S. Reps. Vicente Gonzalez (D-TX) and Brian Fitzpatrick (R-PA) introduced legislation recently that would expand credit union business lending ability to $100,000 -- up from the current $50,000. ...
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U.S. Rep. Lloyd Smucker (R-PA) is sponsoring a bill in the House that would make permanent a tax provision within the 2017 Tax Cuts and Jobs Act. His bill, the Main Street Tax Certainty Act (H.R. 4...
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The Managed Funds Association (MFA) is urging Securities and Exchange Commission (SEC) to consider the aggregate cost of its rulemaking on investment advisers, investors, and the markets. Instead,...
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The U.S. Federal Reserve Board issued a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, this week. The fine and consent order are for misconduct by Credit Suisse,...
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The Consumer Financial Protection Bureau (CFPB) has filed suit against lease-to-own finance company Snap Finance, alleging the business deceived consumers, obscured financing agreement terms and made ...
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U.S. Sens. John Thune (R-SD) and Mike Rounds (R-SD) are commending Senate colleagues for action advancing their Tribal Trust Land Homeownership Act. The measure would create statutory timelines in ...
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The Independent Community Bankers of America (ICBA) released the results of a new poll on proposed credit card routing restrictions. The proposed restrictions stem from the Credit Card Competition ...
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The U.S. House of Representatives House Small Business Committee passed a bill that would reclaim fraudulent and unused Paycheck Protection Program (PPP) loans distributed during the COVID-19 pandemic...
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U.S. Sens. Kirsten Gillibrand (D-NY) and Josh Hawley (R-MO) are espousing newly introduced legislation they said represents the most substantive effort to ban stock trading by members of Congress. ...
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A Consumer Financial Protection Bureau (CFPB) report highlighting worker employer-driven debt risks maintains there is a prevalence of challenges workers face when becoming indebted as a condition of...
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