Government
U.S. Accounting Regulator Says Auditor Marketing Practices Deceptive
A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients. A growing ...
U.S. Senate Bill Seeks to Wind Down Fannie Mae in Five Years
Fannie Mae and Freddie Mac would continue paying all of their profits to the Treasury for the next five years under bipartisan Senate legislation designed to wind down the U.S.-owned mortgage ...
New York Grabs ‘Shaky’ Lead Over London As Top Financial Center
New York replaced London as the world's leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.'s place in the European Union. New ...
As Farmers Sign Up for 2014, Crop Insurance Reformers Fume
U.S. farmers last week finalized their crop insurance plans for spring planting with critics of the government-subsidized program saying insurers are set up for a bonanza after passage of the new ...
U.S. SEC Charges Brokers in Scheme to Profit From Terminally Ill Through VA Sales
U.S. securities regulators filed civil charges against two brokers and seven others, saying they were involved in a scheme to profit from the death of terminally ill patients through variable annuity ...
Senate OKs Bill to Curb Flood Insurance Hikes
The Senate on Thursday went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance premium increases. The Senate approved H.R. 3370, the ...
Cyber Warfare Escalating Says NSA Nominee Rogers
Navy Vice Admiral Michael Rogers, nominated by President Barack Obama to be the next director of the National Security Agency, told lawmakers that cyber warfare is on the rise. Rogers said Ukraine is ...
Feds Will Play a Role in U.S. Insurance Regulation, FIO’s McRaith Says
While Treasury's Federal Insurance Office is promoting a hybrid landscape of state and federal insurance regulation, discussion in insurance regulatory circles still centers on preemption of state ...