The House Subcommittee on Capital Markets, Securities, and Investment held a hearing last week to examine the impact of the Department of Labor’s (DOL) fiduciary rule, which went into effect June 9,...
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Performance of first-lien mortgages improved during the first quarter of 2017 compared with a year earlier, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mor...
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The Independent Community Bankers of America (ICBA) testified before Congress last week on how regulations on community banks are stifling economic growth. Speaking on behalf of ICBA, Robert Fishe...
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Missouri lawmakers recently enacted insurance-tort reform legislation designed to help curb the abuses associated with the settlement agreement process. Under this process an injured party and the ...
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U.S. Sens. Gary Peters (D-MI) and Jim Risch (R-ID) recently introduced legislation to increase awareness of Employee Stock Ownership Plans (ESOPs) as an employee ownership model for businesses. ESO...
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Senate Finance Committee Chairman Orrin Hatch (R-UT) said a top priority of tax reform is lowering the U.S. corporate tax rate from one of the highest in the world to one of the lowest. “Our high...
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In the latest Credit Union National Association (CUNA) Economic Update, CUNA Chief Policy Officer Bill Hampel examined some positive economic trends for credit unions heading into the second half of t...
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The Housing Policy Council of the Financial Services Roundtable (FSR) is urging the Consumer Financial Protection Bureau (CFPB) to withdraw and reissue its Request for Information (RFI) regarding the ...
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A bill introduced in the Illinois legislature that would have imposed additional taxes on partnerships and corporations engaged in investment management services has been defeated. The legislation,...
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Consumer credit outstanding grew 5.8 percent in May, the fastest monthly growth in six months, according to data released by the Federal Reserve. Non-revolving credit, which is mostly motor vehicle...
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The National Federation of Independent Business’ (NFIB) Small Business Legal Center has filed an amicus brief with the Louisiana Supreme Court in a case where a government entity used eminent domain...
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A new study finds that an increasing number of small businesses see 401(k) plans as an effective tool to attract and retain talent. The Spark 401k Small Business Retirement Planning Index showed th...
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U.S. Sens. Cory Gardner (R-CO) and Martin Heinrich (D-NM) recently introduced legislation to provide industry intermediaries, like state tech associations, the ability to receive federal grants to dev...
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The National Association of Federally Insured Credit Unions (NAFCU) told the Federal Housing Finance Agency (FHFA) that while it supports the government-sponsored enterprises' (GSE) plans to serve und...
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The Consumer Financial Protection Bureau (CFPB) recently appointed industry experts to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Researc...
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In a new report, the U.S. Office of the Comptroller of the Currency (OCC) said strategic, credit, operational, and compliance risks remain top concerns for the federal banking system. Strategic ris...
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The Consumer Financial Protection Bureau (CFPB) has established a new rule that allows consumers to file a class action suit against banks and credit card companies. Specifically, the CFPB rule eli...
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The Consumer Financial Protection Bureau (CFPB) finalized updates to its mortgage disclosure rules, which include adjustments on the sharing of disclosures with sellers and third parties. The CFPB...
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Delinquencies in closed-end loans rose in the first quarter, driven by an uptick in late payments on auto loans, according to results from the American Bankers Association’s Consumer Credit Delinque...
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The U.S. Department of Housing and Urban Development (HUD) awarded more than $50 million in housing counseling grants to hundreds of organizations to assist families and individuals with their housing...
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