On Thursday, U.S. Sen. Ron Wyden (D-OR) urged the Centers for Medicare & Medicaid Services (CMS) to enforce penalties on brokers who submit fraudulent enrollments for a health plan. Wyden, the cha...
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The U.S. securities market will soon by switching to a T+1 standard settlement cycle, starting on May 28. Last February, the Securities and Exchange Commission (SEC) adopted rules to facilitate the...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) released a white paper last week outlining a policy related to reform how physicians are paid by Medicare. The white paper outlines several areas w...
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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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