A group of financial services associations filed an appeal to overturn a ruling by a Texas federal court judge Barbara M. G. Lynn earlier this month that upheld the Department of Labor’s (DOL) rule ...
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The National Association of Truck Stop Owners (NATSO) told a House subcommittee last week that the National Labor Relations Board's revisions to the "joint employer" standard has impacted the travel p...
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The Independent Community Bankers of America (ICBA) hired Amy Forester Roberti as vice president of congressional relations. “As a member of ICBA’s congressional relations team, Amy will help ...
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The Federal Housing Finance Agency (FHFA) House Price Index (HPI) showed that home prices rose 1.5 percent in the fourth quarter of 2016. “Although interest rates rose sharply during the fourth q...
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A group of senate Democrats are urging the Securities and Exchange Commission (SEC) to update disclosure requirements on the impact of American companies moving manufacturing jobs overseas. In the ...
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Homes sales in the United States grew to their highest level since the housing market crash, according to data analyzed by the National Association of Federally-Insured Credit Unions this week. Des...
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In testimony before the U.S. Senate Agriculture, Nutrition and Forestry Committee last week, the American Bankers Association encouraged reforms to the 2018 Farm Bill. Speaking on behalf of the ABA...
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A partnership between nonprofit Grameen America, Citi and Mastercard will create financial technology solutions for more than 86,000 low-income minority women entrepreneurs across the country. Gram...
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The National Credit Union Administration board voted to maintain the current 18 percent interest rate cap on loans made by credit unions until Sept. 10, 2018. “A reduction in the interest rate ca...
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The Securities and Exchange Commission published guidance for investors and financial services firms on the use of robo-advisers with suggestions on meeting disclosure, suitability and compliance obli...
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The Farm Credit System reported $4.8 billion in net income in 2016, a $160 million, or 3.4 percent, increase over the previous year. The jump is due primarily to a $432 million, or 6.2 percent, inc...
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The latest Investment Company Institute (ICI) survey of defined contribution plan participants found that savers mostly stayed the course with their asset allocations last year despite strong stock ma...
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The European Banking Authority (EBA) published Regulatory Technical Standards (RTS) on strong customer authentication and common and secure communication for the retail payments market in the European...
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Mastercard is teaming up with Boingo Wireless to provide certain cardholders with unlimited access to more than one million Boingo wi-fi hotspots around the world. The free wi-fi service is now ava...
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In response to the Consumer Financial Protection Bureau’s (CFPB) call for information on consumers’ access to aggregated financial account data, the Financial Services Roundtable (FSR) encouraged ...
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Northern Trust has launched the first deployment of blockchain technology for the private equity market. The Chicago-based asset manager worked with IBM to build a blockchain solution for managing ...
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U.S. Rep. Scott Tipton (R-CO) reintroduced the House version of the TAILOR Act, H.R. 1116, last week, which would require financial regulators to look at bank risk profiles and business models when co...
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The Federal Home Loan Bank (FHLB) of Des Moines awarded $22.4 million in Competitive Affordable Housing Program (AHP) grants for housing projects across its district, which includes 13 states and thre...
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In advance of proposed rulemaking on federal cyber risk management standards, the Financial Services Roundtable (FSR) is urging financial agencies to adopt a risk-based approach to cybersecurity regul...
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Default rates on bank cards spiked to their highest level in almost four years in January, according to the latest S&P/Experian Consumer Credit Default Indices. The bank card default rate recorded ...
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