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...
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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...
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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)...
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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...
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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...
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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...
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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,...
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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. ...
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The Insured Retirement Institute (IRI) has expressed support for the Lifetime Income for Employees (LIFE) Act (H.R. 3942), stating that its enactment is a priority as it offers improved lifetime incom...
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The Consumer Financial Protection Bureau (CFPB) has outlined enforcement action against medical debt collector Phoenix Financial Services, alleging numerous debt collection and credit reporting violat...
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