U.S. Sens. Sherrod Brown (D-OH) and Tim Scott (R-SC) introduced legislation to hold senior executives of failed banks accountable on several fronts. Specifically, the Recovering Executive Compensat...
Read More
A bill that would streamline healthcare reporting requirements for employers was advanced by the House Committee on Ways and Means this week. The Employer Reporting Improvement Act would accomplis...
Read More
The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective for Spring 2023, highlighting key issues facing the federal banking system. Overall, the OCC reported t...
Read More
U.S. Rep. Donald Norcross (D-NJ) has reintroduced a measure he maintains would enhance retirement security via an annuity initiative. The Lifetime Income For Employees (LIFE) Act of 2023 would allo...
Read More
A group of lawmakers maintain legislation they have introduced would address pharmacy benefit managers (PBMs) compensation and aid in lowering prescription drug prices. U.S. Sens. Ron Wyden (D-OR)...
Read More
The House of Representatives Financial Services Committee Republican membership has forwarded correspondence to the Securities and Exchange Commission (SEC), seeking rescission of the agency's rulemak...
Read More
The Blockchain Association submitted additional comments to the Securities and Exchange Commission’s proposed rule to amend the interpretation of the definition of “exchange.” The SEC has pro...
Read More
The Credit Union National Association (CUNA) recently filed comments with the Federal Housing Finance Agency (FHFA), offering suggestions regarding housing finance system lender equity access. “C...
Read More
U.S. Rep. Patrick McHenry (R-NC) introduced two bills this week to reform the Financial Crimes Enforcement Network (FinCEN). One of the bills is the Accountability Through Confirmation Act of 2023,...
Read More
The Commodity Futures Trading Commission (CFTC) has added 45 unregistered foreign entities to its Registration Deficient (RED) List, which aids in protecting Americans from financial trading fraud. ...
Read More