The House Financial Services Committee approved another bill to reauthorize the National Flood Insurance Program (NFIP), the Flood Insurance Market Parity and Modernization Act, which would open flood...
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U.S. Rep. Tom Emmer (R-MN) introduced legislation that would exempt certain small banks and credit unions from the updated reporting requirements under the Home Mortgage Disclosure Act (HMDA). Th...
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The Financial Services Institute (FSI) has applauded the Financial Industry Regulatory Authority’s (FINRA) plan to enhance its engagement programs, which identifies opportunities to engage with stak...
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The Federal Financial Institutions Examination Council (FFIEC) has proposed additional revisions to further streamline the Call Report to reduce data reporting and other burdens for small financial in...
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A bill introduced in the House and Senate would allow borrowers to sever consolidated student loans with a spouse, or ex-spouse. The Joint Consolidation Loan Separation Act would allow two borrowe...
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The House passed Mobile Workforce State Income Tax Simplification Act of 2017 (H.R. 1393) this week, which simplifies state income tax laws for employees who work multiple days per year outside the st...
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Canadian finance ministers met this week to discuss ways to strengthen the middle class, create jobs, and foster strong economic partnerships with the United States. "Today, we discussed our govern...
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Panera Bread reported digital sales of over $1 billion annually made via mobile, web or kiosk and that number is projected to double in 2019. As of the end of Q1 2017, Panera’s digital sales repr...
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After more than two years of investigating trade violations to the Open Skies agreements by the United Arab Emirates (UAE) and Qatar, members of the U.S. aviation industry and Congress are urging the ...
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U.S. Reps. Leonard Lance (R-NJ) and Bill Pascrell, Jr. (D-NJ) sent a letter to Treasury Secretary Steve Mnuchin this week, urging him to preserve the federal deduction for state and local taxes in a...
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The Mortgage Bankers Association (MBA) is opposed to a recommendation by the Federal Housing Finance Agency (FHFA) that it have examination authority over nonbank servicers. The recommendation was...
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The National Association of Federally-Insured Credit Unions (NAFCU) announced the winners of its 2016 White Hat and Credit Union Challenge award this week, which goes to members that raised the most m...
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Mutual fund fees paid through 401(k) plans fell again in 2016, according to a research study that the Investment Company Institute (ICI) released this week. The study, “The Economics of Providin...
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The Senate Finance Committee put out a call to the public last week to provide ideas, proposals, and feedback on how to improve the American tax system. “After years of committee hearings, publ...
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The House Financial Services Committee advanced two different bills last week that re-authorize and reform the National Flood Insurance Program (NFIP), which is set to expire on September 30, 2017. ...
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Legislation that would extend the Federal Perkins Loan Program for a period of two years is gaining widespread support in the House, picking up its 52nd cosponsor last week. Absent Congressional ac...
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U.S. Reps. Tom Reed (R-NY) and Linda Sanchez (D-CA) recently introduced legislation designed to increase apprenticeships through a new federal tax credit for employers. The Leveraging and Energizin...
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The Public Company Accounting Oversight Board (PCAOB) hired Peter Bresnan as senior advisor in the Division of Enforcement and Investigations, effective July 10. Bresnan brings extensive experience...
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The House Small Business Committee approved five bills to amend the Small Business Act and the Small Business Investment Act, including legislation that will allow federal contractors to get paid soon...
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At a Senate Banking Committee hearing this week called, “The Role of Financial Institutions in Local Communities: Midsized, Regional and Large Institution Perspective,” the American Bankers Associ...
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