Fed appoints new leadership to its five task forces
The Federal Reserve appointed the new leaders of its task forces and established objectives for those groups to advance the conduct of monetary policy. The five Federal Reserve task forces will examine areas central to the broad conduct of monetary policy. They will be co-led by external advisers, which include accomplished economists, business leaders, and former central bank practitioners with deep expertise in their fields. They will operate independently of the Federal Reserve, with su...
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Sen. Warren raises regulatory concerns about potential large bank acquisitions
U.S. Sen. Elizabeth Warren (D-MA) raised regulatory concerns about Citigroup’s potential acquisition plans. In late...Read More »
Federal Reserve seeks comments on proposal to amend AML programs for banks
The Federal Reserve Board is seeking feedback on a proposal to amend its requirements for banks to maintain anti-money l...Read More »
PNC Bank to add more nearly 100 branches in Florida
PNC Bank is realigning its Florida markets, as it plans to add nearly 100 new branches statewide by 2030. It is part ...Read More »
Ways and Means committee passes bill to allow IRS to use AI to catch fraud
A bill that encourages the Internal Revenue Service (IRS) to use AI tools to detect tax fraud was passed by the House Wa...Read More »
Education Freedom Tax Credits to boost school choice
The new Education Freedom Tax Credit will make taxpayers eligible for a credit up to $1,700 for qualified contributions ...Read More »
Senators examine partnership between private equity firm and Sallie Mae
A group of Senate lawmakers are probing leadership at private equity firm KKR about the company’s recently announced m...Read More »
House passes bill to extend terrorism risk insurance program
The U.S. House of Representatives passed a bipartisan bill that reauthorizes the Terrorism Risk Insurance Program. Th...Read More »
Reps. Fitzpatrick, Goodlander introduce bill to prevent federal officials from stock trading
U.S. Reps. Brian Fitzpatrick (R-PA) and Maggie Goodlander (D-NH) introduced a bipartisan bill that would prohibit senior...Read More »
Bill to provide cannabis businesses with banking services introduced in House
A bill was introduced in Congress last week that seeks to ensure that state-legal cannabis businesses have access to ban...Read More »
CFPB making changes to consumer complaint portal
The Consumer Financial Protection Bureau (CFPB) is making changes to its consumer complaint portal. Among the chang...Read More »
