Treasury pilot program recovers more than $31M in fraudulent Social Security Administration payments
A five-month, U.S. Department of the Treasury pilot program with the Social Security Administration’s Full Death Master File prevented or recovered more than $31 million in fraud and improper payments. The Full Death Master File contains more than 142 million records of individuals who were reported dead, starting in 1899. Congress granted the Treasury temporary access to the file for three years, effective Dec. 27, 2023. “These results are just the tip of the iceberg,” David Lebry...
Read MoreFeatured
Rep. Moore introduces bill to increase the child tax credit
U.S. Rep. Blake Moore (R-UT) introduced legislation that would update and increase the Child Tax Credit (CTC) and provid...Read More »
Legal, political barriers close in on blocked U.S. Steel-Nippon deal
The proposed merger between U.S. Steel Corp. and Japan’s Nippon Steel Corp. has hit a seemingly insurmountable wall, w...Read More »
New York Fed survey looks at consumers expectations for inflation, income, jobs
The Federal Reserve Bank of New York released the results of its Survey of Consumer Expectations for December. Prepa...Read More »
U.S. congresswomen offer bipartisan bill to end scams by credit repair organizations
A newly introduced bipartisan bill in Congress targets credit repair organizations (CROs) that exploit consumers by char...Read More »
Bill introduced in Congress to extend health care tax credits
U.S. Sen. Jeanne Shaheen (D-NH) reintroduced legislation that would extend enhanced premium tax credits from the Health ...Read More »
Financial Data Exchange tapped by CFPB for standard setting on personal data rights rule
The Financial Data Exchange (FDX) has been recognized as a standard setting body under the Consumer Financial Protection...Read More »
U.S. Treasury issues final rules on tax credit to spur clean electricity investment
The U.S. Treasury Department recently issued the final rules for the Clean Electricity Investment and Production Tax Cre...Read More »
ICBA introduces ‘Repair, Reform, and Thrive’ Plan for incoming Congress, Trump administration
The Independent Community Bankers of America released its new plan for the incoming Congress and the Trump administratio...Read More »
Treasury releases final rules for clean hydrogen production tax credit
The U.S. Department of the Treasury issued final rules this week for the section 45V Clean Hydrogen Production Tax Credi...Read More »
Sen. Scott, Rep. Hill seek information from Treasury on cybersecurity breach
U.S. Sen. Tim Scott (R-SC) and U.S. Rep. French Hill (R-AR) are seeking answers about the China state-sponsored cybersec...Read More »