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,...
Read More
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,...
Read More
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 ...
Read More
U.S. Sens. Sherrod Brown (D-OH) and J.D. Vance (R-OH) are advocating on behalf of the state's regional banks in the wake of the Silicon Valley Bank and Signature Bank failures. Brown, chairman of t...
Read More
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 ...
Read More
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 ...
Read More
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...
Read More
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. ...
Read More
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...
Read More
The Federal Reserve announced last week that its new system for instant payments, the FedNow Service, is now live. With the FedNow service live, banks and credit unions can sign up and use this to...
Read More