Washington

Inflation still holding rates down, Fed minutes show

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Committee members felt that "some patience in removing policy accommodation" was warranted while they continue to track inflation trends.
Senate Finance counsel expected to lead DOL's Employee Benefits Security Administration

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Preston Rutledge is expected to be nominated to serve as assistant secretary of labor for the Employee Benefits Security Administration.
Treasury Department calls for capital market reforms

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Treasury calls for "significant reforms" to capital market rules to promote economic growth while still protecting investors.
Randal Quarles confirmed for Federal Reserve Board

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Randal Quarles was confirmed by the Senate on Thursday to the Federal Reserve Board of Governors.
House approves fiscal year 2018 budget before tax reform

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The House approved a 2018 budget resolution Thursday that sets the stage for the Republican tax reform proposal released in late September.
Jay Clayton tells lawmakers SEC is drafting its own fiduciary duty rule

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SEC Chairman Jay Clayton told lawmakers on Wednesday that the agency is drafting a proposal for a fiduciary rule.
IRS releases new mortality tables for plan sponsors

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The IRS issued updated mortality tables on Wednesday that plan sponsors will have to study quickly before they go into effect for plan years starting Jan. 1, 2018.
Sustainability Accounting Standards Board unveils proposal for updated reporting standards

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The Sustainability Accounting Standards Board released on Monday proposed updates to sustainability reporting standards.
Congress introduces legislation to provide loans for United Mine Workers pension fund

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Bipartisan legislation was introduced to create an emergency loan program for the United Mine Workers of America 1974 Pension Plan to avoid insolvency.
HSBC fined $175 million related to foreign-exchange manipulation

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HSBC was fined $175 million by the Federal Reserve Board for failing to detect its foreign-exchange traders' misuse of client information.
SEC says EDGAR breach obtained personal information of 2 people

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Hackers who breached the SEC's EDGAR corporate filing system accessed a test filing that contained the names, birth dates and Social Security numbers of two people.
FSOC rescinds systemically important financial institution designation for AIG

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AIG's designation as a systemically important financial institution was rescinded by the Financial Stability Oversight Council on Sept. 29.
Plans ease burden for hurricane victims

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DC plans act to educate participants, reduce red tape in response to natural disasters
Industry still on guard over GOP tax plan

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Republicans launch what promises to be a lively debate over tax reform with a framework calling for lower tax rates.
TPG lending hand to DACA workers

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TPG is taking steps to support some portfolio company employees who could be affected by the recently rescinded DACA program.