The U.S. Government Accountability Office (GAO) released a report outlining the need for better information sharing and collaboration to combat trade-based money laundering (TBML). TBML is the syst...
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A pair of lawmakers have introduced a measure they said creates a new grant program for nonprofits, business districts and Main Street organizations via the Economic Development Administration (EDA). ...
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A group of Republican senators are urging the U.S. Department of Labor (DOL) to withdraw a recent proposal that allows asset managers to promote environmental, social, and governance (ESG) objectives ...
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U.S. Sens. Jim Risch (R-ID) and John Hickenlooper (D-CO) introduced legislation to improve the disaster loan application process and combat fraud. The Streamlining EIDL Act to improve the Economic ...
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The U.S. House of Representatives House passed the Adjustable Interest Rate (LIBOR) Act – a bill that protects an estimated $16 trillion in assets when the London Interbank Offered Rate (LIBOR) is d...
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The Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM) regarding beneficial ownership information reporting provisions via the Corporate Transparency Act (...
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The Consumer Financial Protection Bureau (CFPB) finalized a rule this week that facilitates the transition away from the LIBOR interest rate index for consumer financial products. The new rule est...
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U.S. Reps. Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, and Joyce Beatty (D-OH), chair of the Subcommittee on Diversity and Inclusion, released a report on diversity and...
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U.S. Reps. Scott Franklin (R-FL) and James Comer (R-KY) are looking for an update from the Justice Department on its efforts to pursue COVID-19 relief stolen by transnational and state-sponsored organ...
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The Office of the Comptroller of the Currency (OCC) has released findings from a report examining the COVID-19 pandemic's impact on the federal banking industry. The OCC's Semiannual Risk Perspecti...
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