The National Association of Federally Insured Credit Unions (NAFCU) backs the findings of recent reports released by the Office of Financial Research (OFR) and the Treasury Department that expressed c...
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A U.S. Treasury report on the asset management and insurance industries recommended that the regulatory framework is aligned with President Trump’s February 2017 executive order, Core Principles for...
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Michael Firestine will be honored by the American Bankers Association (ABA) Center for Agricultural and Rural Banking with the Bruning Award for his leadership in providing credit and financial guidan...
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The Department of Treasury is supporting several Insured Retirement Institute (IRI) retirement security policy initiatives. “At a time when Americans are shouldering primary responsibility for pr...
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Leaders in the financial technology (fintech) industry addressed members of the House Subcommittee on Economic Growth, Tax, and Capital Access on online lending’s role in improving small business ca...
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The U.S. House of Representatives passed a measure last week that would place further economic sanctions on North Korea. The Otto Warmbier North Korea Nuclear Sanctions Act (H.R. 3898), sponsored b...
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Officials from the Independent Community Bankers of America (ICBA) told Congress members at a subcommittee hearing last week that any reforms to the housing-finance system must preserve equal and dire...
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Sen. Cory Gardner (R-CO) is urging his colleagues to join him in an effort to again delay the Health Insurance Tax (HIT) from being implemented. “As is the case with most excise taxes, if this ta...
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The Property Casualty Insurers Association of America (PCI) voiced its support for a bill that would reform the Federal Insurance Office (FIO). Federal Insurance Office Reform Act of 2017 (H.R. 386...
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More than three-quarters (76 percent) of renters believe it is more affordable to rent than own, a new survey by Freddie Mac revealed. That number is rising as only 68 percent thought renting was m...
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The American Bankers Association (ABA) testified before the House Financial Services Committee this week, laying out principles it believes are necessary to guide Fannie Mae and Freddie Mac reform. ...
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The Consumer Bankers Association (CBA) has forwarded correspondence to a pair of lawmakers in support of the Student Loan Disclosure Modernization Act. CBA officials said the letter to the bill’s...
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A House subcommittee hearing on the federal government’s role in the insurance industry held this week focused primarily on two pieces of legislation sponsored by Reps. Sean Duffy (R-WI) and Denny H...
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The National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Law, which creates rules for insurers, agents, and other licensed entities covering data security, ...
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The U.S. Senate voted this week to kill a rule that would allow consumers to file class-action lawsuits against banks. Vice President Mike Pence broke a 50-50 tie to roll back the Consumer Financia...
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The National Federation of Independent Business (NFIB) has released findings of a study examining the impact of Michigan’s health insurance tax via the Affordable Care Act (ACA). NFIB officials ...
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Sen. Martin Heinrich (D-NM), ranking member of the Joint Economic Committee, praised the Consumer Financial Protection Bureau’s (CFPB) final rule to establish borrower safeguards on payday loans. ...
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CEOs representing regional banks wrote a joint letter to Senate Banking Committee leaders Sens. Mike Crapo (R-ID) and Sherrod Brown (D-OH) in support of a bill that would change the parameters for des...
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The U.S. Treasury Department released a report this week that examines the Consumer Financial Protection Bureau’s (CFPB) proposal to eliminate the arbitration clause, allowing consumers to file clas...
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The Government Accountability Office (GAO) released study findings this week regarding characteristics of low-wage workers and their use of federally funded social safety net programs. Officials sa...
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