A bipartisan group of senators have agreed on a framework for a regulatory relief bill that is designed to help community banks, credit unions, mid-sized and regional banks, as well as custody banks, ...
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Sens. Orrin Hatch (R-UT) and Jon Tester (D-MT) were honored by the Insured Retirement Institute (IRI) with its Champion of Retirement Security Awards for supporting and advancing policies that enhance...
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Credit Union advocates breathed a sigh of relief as the tax exemption for credit unions was not altered by a tax reform bill introduced last week by Senate Republicans. "NAFCU (National Associatio...
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The Consumer Financial Protection Bureau (CFPB) along with the Federal Reserve Board set the dollar thresholds for Regulation Z and Regulation M for determining exempt consumer credit and lease transa...
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Visa has launched its Global Transit Solutions initiative, a new program designed to accelerate the global use of debit, credit and pre-paid accounts. Officials said as part of the new endeavor, th...
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Commercial and multifamily mortgage loan originations were up 8 percent in the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage ...
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The House ways and Means Committee approved the Tax Cuts and Jobs Act, drawing praise from the Financial Services Roundtable (FSR). FSR CEO Tim Pawlenty called it an important step in growing the ...
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The Consumer Financial Protection Bureau (CFPB) filed a lawsuit last week against the largest debt settlement company in the nation and its CEO for deceiving consumers. In the suit, the bureau alle...
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The Subcommittee on Terrorism and Illicit Finance recently conducted a hearing to gain insight regarding the Treasury’s Office of Terrorism and Financial Intelligence (TFI). “TFI, and the burea...
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U.S. Treasury Under Secretary for International Affairs David Malpass detailed the Trump Administration’s plans for international financial institutions, such as the World Bank and the International...
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A bipartisan coalition of senators introduced legislation this week that would offer financial counseling services for students who receive federal financial aid. The Empowering Students Through En...
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A group of Senators, including U.S. Senator Angus King (I-ME), are urging the Senate Finance Committee to protect and not eliminate tax incentives for Americans. King and the 15 Democratic Senat...
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Sens. Elizabeth Warren (D-MA) and Marco Rubio (R-FL) recently praised the financial industry’s efforts to thwart the work of human traffickers. The lawmakers are supporting the Senate Banking Co...
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The National Association of Federally Insured Credit Unions (NAFCU) is closely monitoring the Tax Cuts and Jobs Act, which is being considered by the House Ways and Means Committee, for impacts to cre...
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The House Subcommittee on Housing and Insurance held the third in its series of hearings on housing finance reform this week, focusing on the need for consumer choice. "Any new housing finance refo...
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Lawmakers and expert witnesses discussed ways to make the Federal Reserve more efficient and predictable, at a hearing held by the House Subcommittee on Monetary Policy and Trade this week. “The...
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The Securities and Exchange Commission (SEC) is urging investors to be aware of paid-to-click scams fraudulently promising an easy payday. SEC officials said online advertising programs, which requ...
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U.S. law firm Murphy & McGonigle has launched a website that allows users to track the U.S. Treasury Department’s recommendations to reform capital markets regulation. The website offers an o...
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The Independent Community Bankers of America (ICBA) told the leadership of the House Ways and Means Committee that it is encouraged by several provisions recent tax reform legislation, but also has s...
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An amendment to the Tax Cuts and Jobs Act which allows employees to elect to defer paying taxes on stock options for up to five years was recently hailed by the Small Business & Entrepreneurship C...
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