The Independent Community Bankers of America released a guide community bankers’ can use to work in partnership with financial technology (fintech) firms. ICBA’s Fintech Strategy Roadmap, writ...
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A group of lawmakers recently supported legislation designed to provide fair tax treatment for all agricultural businesses. Senate Finance Committee Chairman Orrin Hatch (R-UT) joined Sens. Chuck G...
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Democratic lawmakers are urging the Securities and Exchange Commission (SEC) not to weaken investor protections by instituting forced arbitration and cutting off investors access to courts in fraud an...
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The government sponsored entity (GSE) Freddie Mac announced that it will be allowed to transfer mortgage-credit risk to the private market, which it said would reduce costs to borrowers. The struct...
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The Independent Community Bankers of America (ICBA) said this week that the proposed Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) would not disrupt data collection and repo...
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A recently released National League of Cities (NLC) report is encouraging stronger links between urban and rural areas as a means of spurring economic growth. Officials said “Bridging the Urban-R...
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The U.S. economy added 313,000 jobs in February, including 287,000 private sector jobs, and the unemployment rate remained at 4.1 percent, according to the U.S. Bureau of Labor Statistics “This...
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Total consumer credit increased by 4.3 percent in January following a 6 percent monthly increase in December. "Consumer credit expanded by a slower pace in January. The revolving segment reported i...
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The Consumer Bankers Association (CBA) is lobbying Senate leaders to support the Economic Growth, Regulatory Relief and Consumer Protection Act, which includes measures to reform regulations for banks...
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The American Gaming Association (AGA) estimates of the more than $10 billion Americans wager on the 2018 National Collegiate Athletic Association (NCAA) men's basketball tournament, only 3 percent wou...
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The Government Accountability Office (GAO) recently offered recommendations to the Treasury Department regarding derisking remittances in fragile countries. Derisking is the practice of banks restr...
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A bipartisan bill introduced by the leaders of the Senate Finance Committee would increase the limits for contributions to retirement savings plans, establish more flexible multiple employer plans, an...
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The Consumer Financial Protection Bureau (CFPB) issued a final rule last week designed to help mortgage servicers communicate with borrowers facing bankruptcy. Specifically, it gives mortgage serv...
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The U.S. House of Representatives passed four bills this week that amend or update regulations on financial institutions. “I’m pleased to see these wide-ranging financial services bills pass t...
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The House Subcommittee on Financial Institutions and Consumer Credit held a hearing this week to discuss two bills that reform data security and breach notification rules as well as reform reporting s...
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The American Institute of Certified Public Accountants (AICPA) Economic Outlook Survey references business executives’ optimism about the economy continues to soar but is tempered by growing inflati...
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The Securities and Exchange Commission (SEC) fined the New York Stock Exchange (NYSE) and two affiliated exchanges $14 million for violations of securities regulations. The charges stem from regula...
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The U.S. House unanimously passed a bill that requires federal banking regulators to simplify reporting requirements for community banks. The Community Bank Reporting Relief Act (H.R. 4725), sponso...
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The U.S. Senate voted this week to advance the Economic Growth, Regulatory Relief and Consumer Protection Act, a bill that would ease regulations for banks. In a procedural vote, the Senate voted 6...
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The American Land Title Association (ALTA) is lending support to a measure designed to correct inaccurate title insurance premium disclosures while helping consumers understand real estate transaction...
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