The Consumer Financial Protection Bureau (CFPB) put out a warning about some credit card companies operating rewards programs that may be breaking the law. The warning addresses practices in credi...
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Legislation that would ban the Department of Veterans Affairs from retroactively collecting pension benefits from veterans’ families after they die. Introduced by U.S. Sens. Steve Daines (R-MT) ...
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The U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee adopted three sets of recommendations for the CFTC’s consideration after a public meeting on Dec. 10. The recomme...
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U.S. Rep. Ron Wyden (D-OR), chair of the Senate Finance Committee, released draft legislation that seeks to close a tax loophole. The loophole is used to shelter income from taxes through the use o...
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Several trade associations, along with the Managed Funds Association (MFA) have asked the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to extend a repor...
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The Securities and Exchange Commission (SEC) Director of the Division of Corporation Finance Erik Gerding is leaving the agency, effective Dec. 31. “I want to thank Erik for his leadership of the...
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Global financial services firm Cantor Fitzgerald, L.P. has been charged with making misleading statement to investors, according to the Securities and Exchange Commission. The SEC alleges the comp...
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The Mortgage Bankers Association (MBA) recently announced a proposal to develop a Ginnie Mae securitization to attract more private capital sources of liquidity in the event of a severe economic downt...
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Shareholders for WesBanco and Premier Financial overwhelmingly approved the previously announced merger of the two banks. The merger involves WesBanco, based in West Virginia, acquiring Premier, ba...
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The Consumer Bankers Association (CBA) is among a group of entities taking legal action against the Consumer Financial Protection Bureau's (CFPB) final rule on overdraft services. The American Ban...
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