Consumer Financial Protection Bureau (CFPB) officials have detailed an enforcement order against Wells Fargo Bank for mismanagement of auto loans, mortgages, and deposit accounts. The agency indi...
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The Federal Reserve Board and the Federal Deposit Insurance Corporation released the updated asset-size thresholds to define certain banks under the Community Reinvestment Act (CRA). Specifically, ...
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A group of lawmakers recently forwarded correspondence to some tax preparation companies and tech forms outlining concerns companies allegedly have been secretly transmitting individual taxpayers’ s...
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U.S. Sen. Shelley Moore Capito (R-WV) and Rep. Carol Miller (R-WV) introduced legislation to delay the implementation of a provision in the American Rescue Plan that lowers the threshold to receive a ...
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U.S. Rep. Steve Womack (R-AR) and U.S. Sen. Mike Braun (R-IN) have introduced the Tipped Employee Protection Act of 2022 (H.R.9523), which seeks to protect and preserve the tipped wage and job opportu...
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U.S. Rep. Ann Wagner (R-MO) recently introduced legislation that seeks to protect retail investors from arbitrary and unnecessary Securities and Exchange Commission (SEC) rulemaking. Wagner recentl...
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New Jersey state officials are espousing the benefits of recreational and medicinal cannabis sales, noting 2022 third-quarter recreational cannabis sales totaled over $100 million. “New Jersey is...
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The U.S. Congress Joint Economic Committee (JEC) issued a report on the volatile digital asset market and the need for further protections to mitigate risks to investors and the U.S. financial system....
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The Financial Stability Oversight Council approved its 2022 annual report, which cites both risks to the U.S. economy as well as the resilience of the financial system. In summary, the report exa...
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U.S. Sens. Pat Toomey (R-PA) and Bill Hagerty (R-TN) introduced legislation last week that would make the Consumer Financial Protection Bureau (CFPB) accountable to Congress. The CFPB Stability Ac...
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