For the first time in more than 40 years, the Small Business Administration (SBA) is now accepting new Small Business Lending Company (SBLC) applications. SBA Administrator Isabella Casillas Guzman...
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Six federal regulatory agencies are seeking public comment on a proposed rule that looks to ensure the integrity of real estate valuation models used by mortgage originators and secondary market issue...
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U.S. Sen. Mark R. Warner (D-VA) has joined a group of colleagues to introduce legislation that would authorize efforts to recoup executive pay when a bank failure occurs. Bill proponents noted the...
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U.S. Sens. Marsha Blackburn (R-TN) and Mike Crapo (R-ID) have joined 13 Senate colleagues to introduce a bill that would aid in recovering funds lost to unemployment insurance (UI) fraud. The Prote...
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The Consumer Financial Protection Bureau (CFPB) published an analysis last week on the safety of storing funds on digital payment apps. The analysis revealed that funds stored on these apps, such a...
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The Consumer Financial Protection Bureau (CFPB) has detailed enforcement action against nonbank personal loan installment lender OneMain Financial for allegedly violating consumer financial laws. ...
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U.S. Sens. Shelley Moore Capito (R-WV) and Gary Peters (D-MI) have reintroduced a bill that would aid communities in addressing workforce needs through post-graduation scholarship initiatives. Legi...
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk issued a staff advisory this week on the risks related to the clearing of digital assets. Specifically, staff ...
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U.S. Rep. Ayanna Pressley (D-MA) recently introduced an amendment to debt ceiling legislation, which seeks to protect student loan borrowers and preserves the federal student loan payments pause. T...
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The U.S. House of Representatives passed legislation this week that would direct the Securities and Exchange Commission (SEC) to assess regulatory costs of compliance for small and growing businesses....
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