Treasury, IRS announces date when it will accept submissions for new energy credit program
Applications for the federal Low-Income Communities Bonus Credit Program will soon be accepting applications for the 2024 program year, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced. This program, established via the Inflation Reduction Act, provides a 10 or 20-percentage point boost to the investment tax credit for qualified solar or wind facilities in low-income communities. “This groundbreaking incentive to invest in low-income communities create...
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Federal Reserve details results of climate scenario analysis conducted on banks
The Federal Reserve Board issued a report last week that details the Climate Scenario Analysis (CSA) exercise that it co...Read More »
SIFMA, financial firms launch effort to explore feasibility of a shared ledger technology
Financial firms and organizations, including the Securities Industry and Financial Markets Association SIFMA) announced ...Read More »
FDIC released independent report on review of workplace culture, alleged misconduct at the agency
The Federal Deposit Insurance Corporation (FDIC) released a report this week reviewing the working place culture at the ...Read More »
Federal regulators propose rule dealing with incentive-based compensation
A new rule has been proposed by federal regulators that addresses incentive-based compensation arrangements for large fi...Read More »
U.S. Sens. Wyden and Crapo introduce proposal to address generic drug shortages
U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) introduced a draft legislative proposal to address shortages of generi...Read More »
Senate passes bill to stop IRS from imposing penalties on American hostages, detainees
The U.S. Senate passed a bill last week that would stop the Internal Revenue Service (IRS) from imposing fines and penal...Read More »
New CFPB report looks at fees and costs tied to health savings accounts
A new report from the Consumer Financial Protection Bureau (CFPB) details the complex costs and fees in health savings a...Read More »
House approves bill that seeks to bolster investment in small businesses
The U.S. House of Representatives unanimously approved this week a bipartisan bill sponsored by U.S. Reps. Dan Meuser (R...Read More »
15 million Americans have medical bills on their credit reports, CFPB finds
A new report from the Consumer Financial Protection Bureau (CFPB) has found that 15 million Americans still have medical...Read More »
Republic First becomes first bank in 2024 to collapse
Republic First Bank became the first bank to fail this year, as the Pennsylvania Department of Banking and Securities (D...Read More »
