March saw the culmination of a 17-year effort to eliminate federal benefit payments by check. The 1996 Debt Collection Improvement Act contained a set of provisions, called “EFT 99,” that directed the federal government to make all payments except tax … Read More…
Regulators from the European Union and Japan warned U.S. regulators last week that the domestic market would be put at risk if American regulators did not coordinate regulatory efforts with foreign territories. Rep. K. Michael Conaway (R-Texas), the chairman of … Read More…
Leaders of Australia’s $1.9 trillion wealth management industry said on Monday that regulatory reforms are hindering their productivity, adding that many of the reforms do not even pass a cost-benefit analysis. A survey conducted by Australia’s Financial Services Council focused … Read More…
TransUnion, one of America’s biggest credit reporting companies, signed a $3 billion deal last Friday to sell itself to private equity funds Advent International and Goldman Sachs’s GS Capital Partners. Advent International and GS Capital Partners will purchase the company … Read More…
Commodity Futures Trading Commission Commissioners Jill Sommers and Scott O’Malia said last week that the agency is assigning too many resources away from its futures market oversight duties to focus on Dodd-Frank regulations. “In light of the MF Global insolvency, … Read More…
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