politics

CFPB Expected To Query Tech Giants Over Financial Data Handling
CFPB Expected To Query Tech Giants Over Financial Data Handling
October 21, 2021  |  Legal & Regulation

Big tech companies in the U.S. are expected to receive a request for information packet from Rohit Chopra, the new director of the Consumer Financial...

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Biden Pulls Back on IRS Bank Account Tracking Proposal
Biden Pulls Back on IRS Bank Account Tracking Proposal
October 20, 2021  |  Taxes

The controversial proposal by the Biden administration to grant the IRS the power to track bank accounts with more than $600 in annual transactions is...

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Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote
Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote
October 20, 2021  |  Legal & Regulation

Senate Democrats are divided in their support of President Joe Biden’s nomination to lead the Office of the Comptroller of the Currency (OCC) Saule Omarova...

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Bipartisan Momentum Driving Big Tech Legislation
Bipartisan Momentum Driving Big Tech Legislation
October 19, 2021  |  Legal & Regulation

Lawmakers on both sides of the aisle are backing legislation to reel in Big Tech firms and institute content restraints, aiming to deter the spread...

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Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss
Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss
October 01, 2021  |  Legal & Regulation

The U.S. Senate confirmed President Joe Biden’s pick to lead the Consumer Financial Protection Bureau (CFPB) 50-48 in a party-line vote that got no Republican...

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Sen. Warren, Others Seek Info From SPACs
Sen. Warren, Others Seek Info From SPACs
September 22, 2021  |  IPO

Senator Elizabeth Warren, along with three other Senate Democrats, wants to bring serious scrutiny to the SPAC process, as letters they sent to the most...

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CFPB Nominee Rohit Chopra Could Soon Gain Senate Approval
CFPB Nominee Rohit Chopra Could Soon Gain Senate Approval
September 22, 2021  |  Legal & Regulation

Rohit Chopra, President Biden’s nominee to lead the Consumer Finance Protection Bureau (CFPB), looks to be close to approval by the Senate, The Wall Street...

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Banking Groups Ask US House to Kill Proposed Account Reporting
Banking Groups Ask US House to Kill Proposed Account Reporting
September 19, 2021  |  Bank Regulation

U.S. banking lobby groups want to nix a proposal for bank account reporting that’s part of the congressional reconciliation package. The groups, in a letter...

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Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
September 16, 2021  |  Taxes

Treasury Secretary Janet Yellen and IRS commissioner Charles Rettig have been pressuring lawmakers to give the IRS more information on taxpayers’ bank accounts. The Wall...

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