Gig worker act introduced in U.S. House
On Monday, U.S Rep. Bonnie Watson Coleman (D-NJ) introduced legislation to regulate the gig worker economy. Her legislation, the Gig is Up Act, would require companies with at least $100 million i...
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U.S. Sen. Ernst calls for investigation into how SBA utilizes office space
U.S. Senate Small Business and Entrepreneurship Committee Ranking Member Joni Ernst (R-IA) has requested that the Small Business Administration’s (SBA’s) Office of Inspector General (OIG) launch a...
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PCAOB hits accounting firm with the biggest penalty ever
The Public Company Accounting Oversight Board (PCAOB) sanctioned KPMG Accountants N.V. and its former head of assurance, Marc Hogeboom, for violations of PCAOB rules and quality control standards. ...
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SEC charges five investment advisers for marketing rule violations
On Friday, the Securities and Exchange Commission (SEC) announced it had settled its case against five investment advisers it had charged with violating marketing rules. All five firms have agreed...
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Report: Return to repayment found more than nearly 4 million errors
A new report has found that every student loan servicer failed to prepare during the return to repayment following the pandemic, resulting in more than 3.9 million billing errors. The report, Serv...
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Reps. McHenry, Petterson introduce to help financial institutions respond to ransomware attacks
U.S. Reps. Patrick McHenry (R-NC) and Brittany Pettersen (D-CO) introduced legislation last week that is designed to deter hackers and establish guide rails for financial institutions to respond to ra...
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Treasury proposes rule that would enhance authorities of Committee on Foreign Investment in the United States
The U.S. Department of the Treasury proposed rule that seeks to enhance the penalty and enforcement authorities of the Committee on Foreign Investment in the United States (CFIUS). Specifically, th...
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FDIC releases report on how it would conduct resolution of a GSIB organization
The Federal Deposit Insurance Corporation (FDIC) issued a report this week that examines how it would manage the orderly resolution of a large, complex financial company. The report explains how th...
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House passes workforce skills development act
On Wednesday, U.S. Rep. Virginia Foxx (R-C) announced the House had passed her workforce development bill, putting more Americans on the path to successful careers. The A Stronger Workforce for Am...
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Sen. Hoeven introduces bill to strengthen crop insurance
U.S. Sen. John Hoeven (R-ND) introduced legislation this week that is designed to strengthen crop insurance and make higher levels of coverage more affordable for producers. The Federal Agricultur...
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