Economic Outlook: The rising trend in CMO issuance
By John Vermillion In the constantly evolving world of financial products, there has been a notable increase in collateralized mortgage ...
Tag: Investment
ABA supports bill to expand investment options for retirement plans at nonprofits
ABA said CITs are subject to the Employee Retirement Income Security Act of 1974 and must comply with federal tax ...
FDIC alerts banks about new QPAM exemption changes
The FDIC issued a financial institution letter to notify banks about recent amendments to the prohibited transaction class exemption 84-14 ...
Labor Department finalizes rule expanding ‘fiduciary’ definition
The Department of Labor released a new rule significantly broadening the definition of an investment advice “fiduciary” under the Employee ...
Labor Department finalizes amendments to QPAM exemption
The Department of Labor finalized its proposed amendments to prohibited transaction class exemption 84-14, better known as the QPAM exemption.
Report: Health savings accounts grew in 2023
There was roughly $123 billion saved in over 37 million health savings accounts at the end of 2023, a year-over-year ...
ABA to DOL: Exclude HSAs from coverage under the fiduciary rule
ABA said HSAs should be excluded because of the differences between IRAs and HSAs, and applying the rule would “significantly ...
ABA provides feedback on DOL’s ERISA reporting, disclosure requirements
Because existing disclosure and reporting regimes are comprehensive, sufficient and effective, no revisions or additions are necessary to the department’s ...
ABA supports bipartisan bill to expand 403(b) investment
The legislation would amend the Exchange Act to allow 403(b) retirement plans to invest in unregistered insurance contracts and collective ...
ABA to SEC: Minimize burdens on banks, affiliates from investment adviser outsourcing proposal
In a recent letter to the Securities and Exchange Commission, ABA offered feedback on its recent registered investment adviser outsourcing ...
