The Commodity Futures Trading Commission (CFTC) approved a proposal to improve the quality of swap data and update regulations related to swap data repository (SDR) operations and governance. It i...
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Avanath Capital Management National Multifamily Housing Council (NMHC) Founder and CEO Daryl Carter, a National Multifamily Housing Council board member, will testify before Congress on behalf of the ...
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The Independent Community Bankers of America (ICBA) are calling on the Consumer Financial Protection Bureau (CFPB) to identify potential benefits and burdens before rules are put forth. In a lette...
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Financial Industry Regulatory Authority (FINRA) officials have selected Haimera Workie to lead the agency's Office of Financial Innovation. The office is an outgrowth of the Innovation Outreach Ini...
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The Federal Reserve Board is seeking public comment on a proposal that would increase the transparency of the board's rules for determining control of a banking organization. The proposal says tha...
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Credit Union National Association (CUNA) officials are encouraging the the Consumer Financial Protection Bureau (CFPB) to delegate large credit union supervision to the National Credit Union Administr...
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U.S. farm banks increased lending to farmers by 5.3 percent to $108 million in 2018, according to the American Bankers Association’s annual Farm Bank Performance Report. The report, which analyze...
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U.S. Bank announced this week that the institution will expand its retail banking presence to Charlotte, N.C., beginning in fall 2019. “U.S. Bank operates across the country with a commitment to ...
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The Consumer Financial Protection Bureau will host a series of symposia exploring consumer protections in the financial services market. The series is designed to stimulate dialogue and assist the ...
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A Fidelity Investments’ Retirement Mindset Study has determined a disconnect exists between how people feel about their financial health and level of confidence about their future financial health i...
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A bill was introduced in the U.S. House of Representatives that would exclude veterans’ loans from the statutory credit union member business loan cap. The Veterans Member Business Loan Act that ...
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The Securities and Exchange Commission (SEC) said a San Francisco-based lender would pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other i...
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About 57 percent of small business owners experienced revenue growth, while roughly 43 percent added employees to their payrolls in 2018, according to the Small Business Credit Survey (SBCS), a survey...
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Department of the Treasury and Internal Revenue Service (IRS) officials have unveiled a six-year modernization plan. The effort is designed to provide taxpayers with excellent service, aid in meeti...
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The Consumer Bankers Association (CBA) applauded the Department of Education’s new recommendations for changing the way schools advise students about financial aid. “For many families and stude...
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Members of the Congressional Blockchain Caucus are seeking guidance from the Internal Revenue Service (IRS) on tax reporting of virtual currency. The IRS issued guidance in 2014 that ...
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Sen. Bob Menendez (D-NJ) recently introduced legislation enabling legal cannabis businesses to access banking services. The proposal would aid medicinal or recreational marijuana businesses ...
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The Insured Retirement Institute (IRI) weighed in on the New Jersey Bureau of Securities new proposed regulation for fiduciary standard of conduct for financial services professionals. Jason Berko...
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As a means of bolstering taxpayer fraud protection, Senate Finance Committee Ranking Member Sen. Ron Wyden (D-OR) and Sen. Ben Cardin (D-MD) have introduced a measure designed to allow the IRS to req...
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Credit Union National Association’s Small Credit Union Committee communicated to the National Credit Union Administration (NCUA) about some merger trends and other issues in the industry. In a l...
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