Tag: financial_services
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U.S. House Sets Packed Legislative Agenda for Week of July 13
The U.S. House of Representatives outlines a busy week of legislative action starting July 13, focusing on national security, veterans' affairs, campaign finance, and financial services, with numerous bills scheduled for votes.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentCongressBankingMilitaryElection U.S. House of RepresentativesLegislationHomeland SecurityVeterans' AffairsCampaign FinancePost Office DesignationsFinancial ServicesRepublican Whip
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House to Tackle Homeland Security, Veterans' Affairs, and Financial Bills Next Week
The U.S. House of Representatives will address a diverse legislative agenda the week of July 13, including bills on homeland security, veterans' affairs, financial services, and postal facility designations, with votes scheduled throughout the week.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentCongressEconomyMilitaryElection U.S. House of RepresentativesLegislationHomeland SecurityVeterans' AffairsFinancial ServicesPostal ServiceSteve ScaliseMajority Leader Steve Scalise
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SEC to Host Virtual Roundtable on Modernizing IPOs and Expanding Access to Public Markets
The SEC will host a virtual roundtable on July 13, 2026, at 2 p.m. to re-examine Initial Public Offerings and expand public market access. The livestreamed discussion is co-hosted by the Office of the Advocate for Small Business Capital Formation…
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentGeneral Politics SECVirtual RoundtableIPOsPublic MarketsCapital FormationFinancial ServicesInvesting
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SEC Committee to Discuss Modernizing Public Market Access
The SEC's Small Business Capital Formation Advisory Committee will meet on July 21, 2026, to discuss modernizing public market access and encouraging initial public offerings, aiming to enhance capital raising for small businesses.
BusinessPolitics and GovernmentFinancial MarketsFederal GovernmentEconomyGeneral Politics Securities and Exchange CommissionSmall Business Capital Formation Advisory CommitteePublic Market AccessIPOsSmall BusinessCapital FormationFinancial Services
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OCC Opens Registration for July and August 2026 Community Bank Workshops
The OCC is registering participants for its July and August 2026 in-person workshops. These examiner-led sessions offer practical training for board directors and senior management of national community banks and federal savings associations on critical banking challenges.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyEducation Office of the Comptroller of the CurrencyCommunity BanksBank DirectorsWorkshopsRisk ManagementFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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Jamie Wilds Named OCC Deputy Comptroller for Supervision System and Analytical Support
Jamie Wilds has been promoted to Deputy Comptroller for Supervision System and Analytical Support at the OCC. He will manage supervisory data and analytics, leveraging his extensive experience in system development and business transformation since joining in 2007.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyEmployment and LaborLegal Jamie WildsOCCDeputy ComptrollerSupervision System and Analytical SupportPromotionsFinancial ServicesWashington D.C.Office of the Comptroller of the Currency (OCC)
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Treasury to Accept Philanthropic Stock Contributions for Trump Accounts
The U.S. Treasury will now accept philanthropic stock contributions for Trump Accounts, launching July 4, 2026. This initiative aims to boost long-term financial security for American children, with over six million families already signed up.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsSocial Issues U.S. Department of the TreasuryTrump AccountsPhilanthropyStock ContributionsFinancial ServicesChildrenScott BessentUS Treasury
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Federal Reserve Issues Enforcement Action Against Small Business Bank, Terminates Others
The Federal Reserve Board has taken an enforcement action against Small Business Bank. Concurrently, it announced the termination of enforcement actions against BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc., reflecting ongoing regulatory…
Politics and GovernmentBusinessFederal GovernmentBankingLegal Federal Reserve BoardSmall Business BankBNP ParibasCommunity BanksharesEnforcement actionBanking regulationFinancial servicesU.S. Federal Reserve
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Federal Reserve Releases Initial 2025 Payments Study Findings
The Federal Reserve has released initial findings from its 2025 triennial payments study. The Board of Governors issued the report, offering insights into the evolving landscape of payment systems.
BusinessPolitics and GovernmentEconomyFederal GovernmentBanking Federal ReservePayments StudyTriennialFinancial ServicesEconomicsBoard of GovernorsU.S. Federal Reserve
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U.S. Banks Report Strong Q1 2026 Trading Revenue and Surging Derivatives
U.S. commercial banks saw Q1 2026 trading revenue hit $16.3 billion, a significant increase. The OCC report also highlighted a surge in derivative notional amounts to $296.5 trillion, with four large banks dominating the market.
BusinessPolitics and GovernmentUSAEconomyBankingFinancial MarketsFederal GovernmentLegal OCCTrading RevenueCommercial BanksDerivativesFinancial ServicesBanking IndustryInterest Rate ProductsOffice of the Comptroller of the Currency (OCC)
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CFTC Seeks Public Comment on Event Contract Data Reporting Rules
The CFTC is seeking public comment on proposed amendments to its regulations concerning data reporting requirements for certain event contracts. This rulemaking aims to update Parts 15, 16, and 17, inviting stakeholders to provide feedback on the new rules.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCEvent ContractsData ReportingRulemakingPublic CommentRegulationsFinancial Services
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House to Convene for Legislative Session on Key Bills
The House will meet Thursday, June 25, at 10:00 a.m. to consider significant legislation, including bills on privacy, energy, national security, and veterans' affairs. A vote on the Financial Exploitation Prevention Act is also expected.
Politics and GovernmentBusinessFederal GovernmentCongressEconomyLegalSocial Issues HouseLegislationAppropriationsFinancial ServicesVeteransPrivacyEnergy
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House to Address Appropriations, Privacy, and Veterans' Care on June 24
The U.S. House convenes June 24 to consider key legislation, including appropriations for energy, water, and national security, alongside bills addressing privacy in purchases, financial exploitation, and veterans' care.
Politics and GovernmentBusinessUSA House of RepresentativesLegislationAppropriationsPrivacyVeteransSmall BusinessFinancial Services
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House to Consider Key Legislation on Appropriations, Privacy, and Veterans
The House convenes June 24 for legislative business, including votes on appropriations, privacy, and veterans' care. Bills like the Protecting Privacy in Purchases Act and the Financial Exploitation Prevention Act are on the agenda, alongside key spending measures.
Politics and GovernmentCongressFederal GovernmentGeneral PoliticsLegalEconomy House of RepresentativesLegislative BusinessAppropriationsPrivacyVeteransFinancial ServicesSmall Business
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House to Address Small Business Support, Fraud Prevention, and Appropriations This Week
The House of Representatives will address a range of bills this week, focusing on small business support, fraud prevention, and key appropriations for national security and energy, with votes scheduled throughout the legislative sessions.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentCongressEconomyArtificial IntelligenceEnvironmentSocial Issues House of RepresentativesLegislationSmall BusinessAppropriationsFraud PreventionFinancial ServicesVeterans AffairsRepublican Whip
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House to Tackle Small Business, Financial, and Appropriations Bills This Week
Majority Leader Steve Scalise details the House's legislative agenda for the week of June 22, featuring votes on small business, financial services, and appropriations bills, alongside measures for veterans.
Politics and GovernmentBusinessScience & TechnologyEnvironmentGeneral PoliticsFederal GovernmentCongressEconomyArtificial IntelligenceLegal House of RepresentativesLegislationSmall BusinessFinancial ServicesAppropriationsVeterans' AffairsSteve ScaliseMajority Leader Steve Scalise
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CFTC Seeks Input to Boost Fintech Innovation and Competition
The CFTC has launched a Request for Information to pinpoint regulations hindering fintech innovation and competition. The initiative aims to streamline processes and foster partnerships between fintech firms and regulated institutions.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal CFTCFintechRegulationInnovationCompetitionFinancial ServicesRequest for Information
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SEC Appoints John Moses as Director of Investor Education Office
The Securities and Exchange Commission has named John Moses as the new Director of its Office of Investor Education and Assistance. This office is crucial for providing resources to help investors secure their financial futures and protect against risks.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsEconomyEducation John MosesSecurities and Exchange CommissionInvestor EducationFinancial LiteracyInvestment ProtectionAppointmentsFinancial Services
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RAD Diversified REIT Co-Founder Indicted for Mortgage Fraud
Brandon Dutch Mendenhall, co-founder of RAD Diversified REIT, faces mail fraud charges for allegedly inflating income to secure a $1.2 million mortgage for his $1.6 million home, risking 20 years in prison.
BusinessLaw EnforcementPolitics and GovernmentLegalFinancial MarketsReal EstateFederal GovernmentEconomy Brandon Dutch MendenhallRAD Diversified REITMail FraudMortgage FraudFBIFloridaFinancial Services
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Federal Reserve Releases Latest G.19 Consumer Credit Data
The Federal Reserve has released its latest G.19 Consumer Credit data, offering updated insights into consumer borrowing. The report is now publicly available for review.
BusinessPolitics and GovernmentEconomyBankingFederal Government Federal ReserveConsumer CreditG.19 dataEconomic DataFinancial ServicesU.S. Federal Reserve
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Federal Reserve Vice Chair Bowman Testifies on Supervision and Regulation
Federal Reserve Vice Chair Michael S. Bowman testified before the U.S. House of Representatives Committee on Financial Services on June 4, 2026, addressing key issues related to financial supervision and regulation.
Politics and GovernmentBusinessFederal GovernmentCongressBankingFinancial Markets Federal ReserveMichael S. BowmanFinancial ServicesSupervisionRegulationU.S. House of RepresentativesWashington D.C.U.S. Federal Reserve
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Federal Regulators Remove "Reputation Risk" from Bank Supervision Documents
Federal bank regulatory agencies, including the OCC, FDIC, and Federal Reserve, have updated interagency documents to remove "reputation risk" references. This move aims to prevent misuse in supervision and ensure decisions are based on material financial risks.
BusinessPolitics and GovernmentFederal GovernmentBankingLegalEconomy Federal Bank Regulatory AgenciesReputation RiskFinancial ServicesBank SupervisionOffice of the Comptroller of the CurrencyFederal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency (OCC)
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IRS Unveils New Look-Back Interest Calculator for Businesses
The IRS has released an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term construction and manufacturing contracts, aiming to simplify compliance with tax regulations.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and Internet IRSLook-Back InterestTax CalculatorLong-Term ContractsBusinessesTaxationFinancial Services
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OCC Releases Third Quarter 2026 CRA Evaluation Schedule
The OCC has released its Q3 2026 Community Reinvestment Act evaluation schedule, a departure from its usual two-quarter advance notice. This change is due to updates for community banks and supervisory reforms, with public comments encouraged.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalBanking OCCCommunity Reinvestment ActBank RegulationFinancial ServicesEvaluation ScheduleCommunity BanksPublic CommentOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Abstains from FDIC Vote, Citing Flaws in Resolution Planning
Comptroller Jonathan V. Gould abstained from an FDIC vote on resolution plans, citing "fundamental issues" and an "extralegal process." He advocates for significant reforms to address flawed planning and burdensome requirements.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentLegalFinancial Markets Jonathan V. GouldOffice of the Comptroller of the CurrencyFederal Deposit Insurance CorporationResolution PlanningDodd-Frank ActBanking RegulationFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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SEC Chairman Atkins to Deliver Keynote at 2026 Reagan Economic Forum
SEC Chairman Paul S. Atkins will deliver a keynote address at the 2026 Reagan National Economic Forum on May 29, 2026, at 11 AM ET, discussing economic matters and the Commission's role.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial Markets Paul S. AtkinsSECReagan National Economic ForumKeynote AddressEconomicsGovernmentFinancial Services
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Direct Express Program Transitions to Fifth Third Bank for Federal Benefit Payments
The Direct Express program is transitioning its financial agent to Fifth Third Bank, effective May 18, 2026, for new enrollments. Existing Comerica Bank accounts will migrate in phases, with no immediate impact on current beneficiaries.
Politics and GovernmentBusinessFederal GovernmentBankingEconomySocial Issues Social Security AdministrationDirect ExpressFifth Third BankComerica BankElectronic PaymentsGovernment BenefitsFinancial Services
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Governor Barr Addresses Consumer Financial Health at Atlanta Conference
Federal Reserve Governor Michael S. Barr addressed consumer financial health metrics at the EMERGE Financial Health 2026 conference in Atlanta. His speech, released by the Board of Governors, highlighted key aspects of financial well-being.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsSocial Issues Federal ReserveMichael S. BarrConsumer Financial HealthAtlantaEMERGE Financial HealthSpeechFinancial ServicesU.S. Federal Reserve
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House to Address Veterans' Rights, Iran Policy, and Financial Legislation on May 20
The House convenes May 20 for legislative business, considering bills on veterans' rights, Iran hostilities, education, and financial services. Votes are expected from 12:30 p.m. to 4:30 p.m.
Politics and GovernmentBusinessConflictFederal GovernmentCongressEconomyEducationMiddle EastGeneral Politics House of RepresentativesLegislative BusinessVeterans AffairsForeign PolicyFinancial ServicesSmithsonianMay 20
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House to Consider Key Legislation on Veterans, Iran, Education, and More
The U.S. House of Representatives will convene to consider diverse legislation, including bills on veterans' rights, the Smithsonian, Iran policy, education, and financial services. Several measures, including those related to veterans' facilities and banking, have been postponed.
Politics and GovernmentBusinessConflictFederal GovernmentGeneral PoliticsEconomyEducationMilitarySocial Issues House of RepresentativesLegislationVeterans AffairsForeign PolicyFinancial ServicesSmithsonian