- Puerto Rico
Amid talks of Puerto Ricos looming debt crisis, two senators plan to introduce companion legislation to a bill that would allow Puerto Rico to grant Chapter 9 bankruptcy powers to troubled public entities on the economically distressed island.
By Jack CaseyJuly 1 -
The Municipal Securities Rulemaking Board is giving 529 college savings plan underwriters a 60-day extension on the first date data submissions are due under a recently adopted rule.
By Jack CaseyJune 30 - Puerto Rico
The White House reiterated that the federal government won't offer bailout support to Puerto Rico after Gov. Alejandro García Padilla said the island's debt is not payable and that a debt restructuring is necessary,
By Jack CaseyJune 29 -
As the Municipal Securities Rulemaking Board continues to gather information on bond ballot contributions and weigh its regulations on the topic, concerns about possible pay-to-play issues from the contributions are already finding their way into the public eye.
By Jack CaseyJune 26 -
Total net tax-supported debt fell for the first time in 28 years in 2014, a Moodys report found.
By Jack CaseyJune 24 -
The U.S. Conference of Mayors adopted a resolution against limiting tax-exempt bonds
By Jack CaseyJune 23 -
Covenant violations on lines of credit and poor operations caused Howard University's bond rating to fall with the possibility of the rating declining more if the university cannot fix operations that have been running a deficit in recent years.
By Jack CaseyJune 22 -
The Government Finance Officers Association is calling for changes in the Municipal Securities Rulemaking Board's core conduct rule for municipal advisors to reduce the costs and burdens for issuers.
By Jack CaseyJune 19 -
The Financial Industry Regulatory Authority fined Wells Fargo Securities $12,500 for trade reporting violations and barred an individual from the securities industry for allowing the fraudulent transfer of $160,000 from a customer to an unrelated third party.
By Jack CaseyJune 15