Chinese-based BIT Mining Ltd., formerly known as 500.com Limited, an online sports lottery service provider, recently agreed to pay a $4 million civil penalty to resolve charges it violated the Foreig...
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The Federal Housing Finance Agency (FHFA) recently announced it is raising the multifamily loan purchase cap for Fannie Mae and Freddie Mac to $73 billion, a more than 4 percent spike from 2024. At le...
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Bipartisan legislation recently introduced in Congress would provide an above-the-line deduction for flood insurance premiums to help keep them affordable for Americans. “To keep families from ...
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The Federal Deposit Insurance Corporation (FDIC) is extending the public comment period for its proposed rule on recordkeeping for custodial accounts by 45 days. On Sept. 17, the FDIC proposed a r...
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U.S. Sens. Susan Collins (R-ME) and Bill Cassidy, M.D. (R-LA) are seeking answers from the Bureau of Labor Statistics (BLS) on its consistent failures to produce accurate national jobs data. Each m...
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Newly proposed legislation on Capitol Hill would nullify certain interagency guidance pertaining to climate-related financial risk management for large financial institutions. U.S. Rep. Troy Balder...
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The bipartisan BRIDGE for Workers Act, which will expand job placement services to all unemployment insurance claimants, is headed to President Joe Biden’s desk to be signed into law. Formally kn...
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There are disparities between how lenders treat Black and white small-business owners seeking loans, according to a recent Consumer Financial Protection Bureau (CFPB) study. Trained individuals pos...
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U.S. Sens. Catherine Cortez Masto (D-NV) and Marsha Blackburn (R-TN) introduced a bill that seeks to streamline tax filing and payment for individuals and small businesses. The Tax Administration S...
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California Department of Insurance took steps this week to ensure Californians in wildfire-distressed areas have access to insurance. According to California Insurance Commissioner Ricardo Lara Th...
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