Massachusetts lawmakers are considering a bill that would raise the minimum wage for workers in the state from the current $11 per hour to $15 per hour by 2022. The measure would increase the minim...
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The U.S. Department of the Treasury made several recommendations to amend the Community Reinvestment Act (CRA). The CRA was enacted by Congress in 1977 to encourage banks and depository institution...
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In conjunction with National Financial Capability Month, the Securities and Exchange Commission (SEC) is encouraging investor awareness. The SEC’s Office of Investor Education and Advocacy (OIEA)...
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The American Bankers Association (ABA) named Paul Benda as its new senior vice president of risk management policy. In this position, Benda leads ABA’s policy initiatives in cybersecurity, physi...
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Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), proposed four statutory changes to the bureau in his semi-annual report to Congress this week. One of his reco...
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Small- and medium-sized business leaders are optimistic about the national economy, according to the PNC Economic Outlook, a semiannual survey conducted by PNC Financial Services Group. Half of the...
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The Federal Bureau of Investigation (FBI) recently closed a case where hackers were put behind by bars for stealing information from a mortgage company. Between 2011 and 2014, four U.S. citizens ha...
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A group of lawmakers forwarded correspondence this week in support of upholding the Consumer Financial Protection Bureau’s (CFPB) payday lending rule. A Senate delegation comprised of 44 members ...
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The Independent Community Bankers of America (ICBA) put out a white paper that lays out what it would like to see in a new farm bill. The release comes at a time when Congress is working on writin...
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The Federal Reserve is expected to initiate a new study as a means of measuring fraud in the U.S. payments system and its associated costs while also identifying contributing factors. Officials sai...
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