On the one-year anniversary of the passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the head of the Consumer Bankers Association is acknowledging the role the industry ha...
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The head of the Centers for Disease Control and Prevention (CDC) has called for a temporary halt in the eviction of tenants to slow the spread of COVID-19. CDC Director Dr. Rochelle Walensky determi...
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A recently released Office of the Comptroller of the Currency (OCC) report outlined during the fourth quarter of 2020 performance of first-lien mortgages in the federal banking system declined. Acc...
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A group of Congressional lawmakers is urging the Biden Administration to include major investments in affordable housing in the upcoming infrastructure package. “Without proportional affordable h...
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U.S. Reps. Roger Williams (R-TX) and Gregory Meeks (D-NY) are sponsoring legislation to improve the efficiency of banking supervision. The Bank Service Company Examination Coordination Act (BSCECA)...
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The National Association of Federally-Insured Credit Unions (NAFCU) expressed its support for the National Credit Union Administration’s (NCUA) proposed rule to amend its risk-based net worth requir...
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The Independent Community Bankers of America (ICBA) is encouraging the National Credit Union Administration (NCUA) to refrain from advancing a proposal deregulating for-profit entities. The ICBA m...
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Conference of State Bank Supervisors (CSBS) officials said 13 nationwide payments firms have initiated or are presently undergoing single comprehensive exams in conjunction with the One Company, One E...
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Temporary and additional restrictions placed on banks that have limited their ability to offer dividends and share repurchases will end for most firms after June 30, the Federal Reserve Board announce...
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Legislation recently introduced in Congress last week would repeal the Trump administration’s True Lender Rule. This regulation, finalized in the final months of the prior Trump Administration, ...
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According to the Federal Housing Finance Agency's (FHFA) fourth-quarter 2020 Foreclosure Prevention and Refinance Report, Fannie Mae and Freddie Mac completed 362,912 foreclosure prevention actions in...
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Mutual fund expense ratios have declined substantially over the last 24 years, according to a new report from the Investment Company Institute (ICI). The ICI report, called “Trends in the Expense...
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Two leading groups serving the insurance industry – the American Council of Life Insurers (ACLI) and the National Association of Insurance and Financial Advisors (NAIFA) – commended North Dakota G...
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The Securities and Exchange Commission (SEC) is seeking the public's input after adopting interim final amendments related to the Holding Foreign Companies Accountable Act (HFCA Act). The SEC note...
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The Consumer Financial Protection Bureau's (CFPB) Consumer Response Annual Report for 2020 recently presented to Congress noted the agency handled 54 percent more complaints than in 2019. The CFPB ...
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A group of GOP senators recently urged Treasury Secretary Janet Yellen to withdraw support for the International Monetary Fund’s (IMF) plan to allocate new special drawing rights (SDRs) without cong...
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U.S. Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT) introduced a bill that would ensure that cannabis businesses have access to banking services. Due to federal restrictions on cannabis, many le...
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The American Property Casualty Insurance Association (APCIA) maintains a recently released report that determined rising commercial automobile litigation negativity impacts Texas businesses and consum...
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The Bank Policy Institute (BPI), the American Bankers Association (ABA), and the Independent Community Bankers of America (ICBA) recently forwarded correspondence to the Office of the Comptroller of t...
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U.S. Reps. Nydia Velázquez (D-NY) and Steve Stivers (R-OH) introduced legislation to better protect companies that serve the cannabis industry. The Clarifying Law Around Insurance Marijuana, or C...
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