New CFPB report looks at fees and costs tied to health savings accounts
A new report from the Consumer Financial Protection Bureau (CFPB) details the complex costs and fees in health savings accounts. A health savings account is a tax-advantaged account that generally comes with a high deductible health plan. Typically, they are in the form of a deposit account selected by an employer or a health insurance company. An employee makes tax-deductible contributions that can then be used for certain health care expenses. Unspent contributions can earn interest and ro...
Read More
Featured
15 million Americans have medical bills on their credit reports, CFPB finds
A new report from the Consumer Financial Protection Bureau (CFPB) has found that 15 million Americans still have medical...Read More »
Republic First becomes first bank in 2024 to collapse
Republic First Bank became the first bank to fail this year, as the Pennsylvania Department of Banking and Securities (D...Read More »
AICPA white paper examines the future of accounting
A new white paper on redefining finance for a sustainable world was released last week by the Association of Internation...Read More »
U.S. Chamber files challenge to FTC’s rule banning noncompete agreements
On Wednesday, the U.S. Chamber of Commerce announced that it was challenging the Federal Trade Commission’s (FTC) rece...Read More »
DOL approves final rule on definition of an investment advice fiduciary
The U.S. Department of Labor (DOL) has finalized its Retirement Security Rule, which updates the definition of an invest...Read More »
Experts conduct cross-border financial cyber attack exercise
The G7 Cyber Expert Group said Tuesday it had completed a cross-border coordination exercise that would ensure its effec...Read More »
Sens. Brown, Reed urge big banks to better protect consumers from wire fraud
U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) are urging the nation’s four largest banks to protect consumers f...Read More »
Rep. Luetkemeyer introduces legislation to make small business regulations more transparent
On Thursday, U.S. Rep. Blaine Luetkemeyer introduced legislation that would force federal agencies to identify the numbe...Read More »
U.S. Rep. Hill’s legislation to hinder terrorism financing by Iranian leaders passes House
A bill led by U.S. Rep. French Hill (R-AR) that would require the U.S. Treasury Department to brief Congress on the fina...Read More »
Rep. Williams asks FTC, Justice Department to reconsider small business merger guidelines
On Tuesday, U.S. Rep. Roger Williams (R-TX), chairman of the House Committee on Small Business, asked the Federal Trade ...Read More »
