The Independent Community Bankers of America (ICBA) has released a report outlining the group’s principles and recommendations for reforming the nation’s tax code. Officials said the white pap...
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The National Association of Wheat Growers (NAWG) has recommended ways to improve the North American Free Trade Agreement as negotiations between the United States, Mexico, and Canada get underway in t...
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The Office of the Comptroller of the Currency (OCC) provided guidance to spur community revitalization through higher-loan-to-value mortgage lending in targeted areas. Depressed housing values in c...
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The U.S. Commodity Futures Trading Commission (CFTC) recently appointed Bruce Tuckman as its chief economist and named former chief economist Sayee Srinivasan as special advisor in the CFTC’s chairm...
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Bank of America Merrill Lynch has launched an artificial intelligence (AI) initiative designed to help consumers improve straight-through reconciliation (STR). The effort stems from a desire to imp...
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A new report by the Public Company Accounting Oversight Board (PCAOB) of auditors of broker-dealers shows an increased level of audit deficiencies occurred in 2016. PCAOB inspectors found deficienc...
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The number of student loan borrowers over the age of 60 is on the rise across the United States, according to new research released by the Consumer Financial Protection Bureau (CFPB). The data show...
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A 2013 initiative instituted by the Department of Justice (DOJ) to investigate banks who do business with firearm dealers, payday lenders, and other companies believed to be at higher risk for fraud ...
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A group of Illinois lawmakers recently introduced a measure to immediately repeal the one-cent-per-ounce Cook County Sweetened Beverage Tax. State Reps. Christine Winger (R-Bloomingdale), Michael ...
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The Conference of State Bank Supervisors’ (CSBS) announced last week that its annual case study competition will focus on how community banks are approaching financial innovation. The CSBS Commun...
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The Federal Housing Finance Agency (FHFA) has modified the streamlined mortgage refinance program for borrowers with high loan-to-value (LTV) ratios, the agency announced last week. The High LTV St...
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A U.S. Customs and Border Protection(CBP) investigation found evasion of its antidumping rules related to the shipping of wire hangers from China to the U.S, resulting in a loss of millions in antidum...
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Freddie Mac officials have revealed an initiative designed to help homebuyers realize savings and reduce closing times. The automated collateral evaluation (ACE) assesses the need for a traditional...
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A new credit union service organization (CUSO) called CULedger LLC has formed to provide credit unions with shared ledger technology. CULedger is a credit union industry initiative that uses block...
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Consumers say they prefer to use mobile or digital applications when making payments over cash, according to the U.S. Bank Cash Behavior Survey. About 47 percent of consumers prefer the use of digi...
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The National Credit Union Administration (NCUA) is seeking input from credit union stakeholders on a regulatory reform package developed by an internal agency task force. The task force has recomme...
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A Consumer Finance Protection Bureau (CFPB) report maintains student loan borrowers continue to struggle while not taking advantage of affordable repayment plans. The report revealed for borrowers ...
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China continues to transition to a more sustainable growth path as it pushes forward with necessary financial reforms, concluded the executive board of the International Monetary Fund (IMF) following ...
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As federal tax reform looms, many state and local governments want to make sure any reform proposal maintains the tax exemption for municipal bonds, the National Association of State Auditors, Comptro...
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Brian Quintenz was sworn in this week as commissioner of the U.S. Commodity Futures Trading Commission (CFTC), the federal agency that oversees the commodity futures, options and swaps industry. â€...
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