After an investigation by an independent third party, the chairman of the Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg, announced that he has stepped down. The investigation was b...
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On Friday, more than 130 members of Congress lauded the new Internal Revenue Service’s (IRS) Free Direct File Program and pushed for the Biden administration to make the program permanent. In a ...
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U.S. Reps. Brian Fitzpatrick (R-PA) and Matt Cartwright (D-PA) introduced legislation that seeks to protect the right of public employees to join unions and engage in collective bargaining on behalf o...
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The U.S. Senate passed a resolution overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. SAB 121 provides guidance for entities related to the ac...
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A bipartisan group of Congress members are urging federal financial regulators to implement their respective obligations under the Financial Data Transparency Act (FDTA). The Financial Data Transpa...
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On Thursday, the U.S. Department of the Treasury revealed its latest strategy for combating illicit financial activities. The 2024 National Strategy for Combatting Terrorist and Other Illicit Fina...
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The House Financial Services Committee passed a bill that would exempt small banks and lenders from reporting requirements under the Small LENDER Act. The Small LENDER Act (H.R. 1806) would codify...
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The Securities and Exchange Commission (SEC) published a new report on the investment advisory industry. The SEC’s Investment Adviser Statistics report is designed to give the public insights and...
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On Wednesday, U.S. Rep. August Pfluger (R-TX) introduced legislation to protect American companies operating abroad. The legislation, Defending American Property Abroad Act, would be aimed at coun...
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A group of U.S. senators are urging the Senate Appropriations Subcommittee on Labor, HHS, Education, and Related Agencies to fully fund the Unemployment Insurance (UI) administration. The senators ...
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