The Securities and Exchange Commission (SEC) adopted a rule that is intended to prevent the sale of asset-backed securities (ABS) that are tainted by conflicts of interest. More specifically, it p...
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The SEC’s Small Business Capital Formation Advisory Committee will discuss the definition of accredited investor and diversity in the investment process when it meets Wednesday. The committee, w...
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A group of financial services organizations are asking the Federal Reserve to extend the comment period for its interchange proposal by at least 90 days. The Fed, which proposed the changes at its...
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Economists at Bank of America (BofA) Global Research released their 2024 outlook, calling for a soft “landing” for the economy. "2023 defied almost everyone's expectations: recessions that neve...
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U.S. Sen. Rick Scott (R-FL) introduced a bill in the U.S. Senate last week that would prohibit money services businesses from engaging in any transaction that involves a central bank digital currency ...
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The U.S. Federal Housing Finance Agency (FHFA) published a final rule last week that modifies some provisions of the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac. ...
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On Tuesday, the U.S. Department of the Treasury announced it had approved awarded more than $50 million in technical assistance grants to 20 states under the State Small Business Credit Initiative (SS...
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U.S. Rep. French Hill (R-AR) reintroduced a bill that seeks to amend the Social Security Disability Insurance (SSDI) program. The Social Security Disability Insurance Return to Work Act (H.R. 6428...
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The Securities and Exchange Commission (SEC) levied charges against an unregistered cryptocurrency trading platform. The charges were filed against Payward Inc. and Payward Ventures Inc., together...
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U.S. Rep. Andy Barr (R-KY) announced last week that he had introduced legislation to increase tailoring for mid-sized banks. His legislation, the Financial Institution Regulatory Tailoring Enhance...
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