The U.S. House of Representatives passed the Helping Angels Lead Our Startups (HALOS) Act, H.R. 79, which will assist startup companies in gaining access to early capital by enabling them to more easi...
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The Independent Insurance Agents & Brokers of America (IIABA) threw its support behind legislation in the U.S. Senate and House of Representatives that would repeal the Affordable Care Act’s (AC...
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Jay Lerner was appointed this week as the new Inspector General of the Federal Deposit Insurance Corporation, replacing Fred Gibson, who has been acting inspector general since 2013. Lerner comes t...
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The U.S. Department of Housing and Urban Development’s (HUD) announced this week that it will reduce annual insurance premiums on most Federal Housing Administration (FHA) mortgages, which drew prai...
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A U.S. Government Accountability Office (GAO) report released this week said the Federal Emergency Management Agency (FEMA) has not yet revised its compensation methodologies for private insurers, in...
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A plan to allow financial technology firms and other nonbanks to obtain banking licenses was criticized by U.S. Sens. Sherrod Brown (D-OH) and Jeff Merkley (D-OR) for weakening consumer protections. ...
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The National Association of Federal Credit Unions (NAFCU) lodged a complaint with the National Credit Union Association (NCUA) over a proposal to privatize flood insurance in hazard areas that would i...
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U.S. Rep. Joe Wilson (R-SC) recently introduced the Protecting American Families’ Retirement Advice Act, which would delay the effective date of the Department of Labor’s ruling on conflicts of in...
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Congressman Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, named the committee’s leadership team for the 115th Congress and announced the formation of a new subcommittee ...
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The Consumer Financial Protection Bureau (CFPB) made a series of leadership changes this week, naming a new chief information officer and chief financial officer, among other appointments. “I am ...
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The American Insurance Association (AIA) tapped former California Chamber of Commerce lobbyist Jeremy Merz as its new vice president of State Affairs, Western Region, starting Jan. 9. “We’re ex...
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The Indiana Bankers Association (IBA) named Amber Van Til its president and chief executive officer, effective Jan 1. Van Til had been serving as president and CEO since March 31, 2016, when she r...
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To help small credit unions grow and innovate, the National Credit Union Administration is offering consulting services to 153 small, federally insured credit unions this year. “NCUA’s consulti...
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In its Semiannual Risk Perspective for Fall 2016, released this week, the U.S. Office of the Comptroller of the Currency (OCC) said U.S. banks face risks as well as challenges in growing revenues. ...
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Valley National Bancorp, the holding company of Wayne, New Jersey-based Valley National Bank, announced several key leadership changes this week including the appointment of Ira Robbins as president o...
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Citizens Bank is working with Vivint Smart Home to offer qualifying customers zero-percent interest rate financing on smart home products and services through the Vivint Flex Pay payment plan. “...
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M&T Bank is planning to open its first branch in the Bronx, New York, in the spring of 2017, giving the company banks in all five boroughs of New York City. “We appreciate the opportunity to ...
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Allstate Corp. closed this week on its $1.4 billion acquisition of SquareTrade, a consumer protection plan provider that distributes through retailers. “The addition of SquareTrade to the Allstat...
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TD Bank named Christopher Giamo its new head of Regional Commercial Bank, replacing Fred Graziano who retired after 25 years with TD Bank. In his new role, Giamo will oversee small business, middl...
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TransUnion and Equifax were ordered by the Consumer Financial Protection Bureau (CFPB) this week to pay more than $17.6 million in restitution and $5.5 million in penalties for misleading consumers ab...
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