Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
Banks Brace for Era of Consumer Data Sharing
By Paige Smith & Katanga JohnsonThe CFPB says bank clients will be able to demand, download and transfer their highly-coveted data to other financial firms for free. The final rule should cover checking accounts, credit cards and digital wallets, but not mortgages, student loans or car loans.
October 22, 2024
IRS Reveals New Tax Rates, Deductions for 2025The tax year 2025 adjustments generally apply to income tax returns to be filed starting tax season 2026.
October 21, 2024
Supreme Court Rejects Bid to Let President Fire Agency LeadersThe court upheld a ruling that has become a target for groups seeking to defang agencies like the SEC.
October 21, 2024
WisdomTree Hit With $4M Fine Over ESG FundsThe firm misstated that funds avoided companies involved in fossil fuels and tobacco, the SEC said.
October 21, 2024
Revived EF Hutton Breaks Up as Partners Resolve Legal FightThe firm says partners Joseph Rallo and David Boral have agreed to take their businesses "in different directions."
October 21, 2024
LPL Blasts Ameriprise Recruiting Suit as 'Public Relations Stunt'Ameriprise has filed several lawsuits against LPL alleging improper recruiting tactics.
October 21, 2024
Trump's Tariffs, Tax Plans Could Bankrupt Social Security by 2031: ReportResearchers warn cutting taxes on Social Security benefits, tips and overtime would leave Social Security insolvent years earlier.
October 21, 2024
7 Top SEC Exam Priorities for 2025In addition to core business practices, examiners will focus on new rules, emerging tech and investor data protection.