Nation Association of Federally Insured Credit Unions (NAFCU) leadership maintains that a modernization and reform initiative must be initiated to ensure credit unions effectively support members. ...
Read MoreThe U.S. House of Representatives advanced legislation designed to make it easier for homebuyers to purchase a home with a Federal Housing Administration (FHA) mortgage. The Homebuyer Assistance A...
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U.S. Rep. Roger Williams (R-TX) introduced legislation that would make permanent the 25C tax credit for homeowner energy efficiency improvements. Williams’ bill, the Incentivize Residential Energ...
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A recent Credit Union National Association (CUNA) report examines the chief reasons for individuals being unbanked/underbanked and offers recommendations regarding the circumstance. The analysis ou...
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The Office of the Comptroller of the Currency (OCC) recently released a report examining the COVID-19 pandemic's impact on the federal banking system and highlighting various risks. The Semiannual ...
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Federal Deposit Insurance Corporation (FDIC) announced that it is gathering information and soliciting comments from parties regarding insured depository institutions’ (IDI) current and potential di...
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The Federal Reserve Board's recently released report examining the Economic Well-Being of U.S. Households in 2020 examined financial challenges encountered amid the COVID-19 pandemic. In the fourth...
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The Independent Community Bankers of America (ICBA) and the Community Bankers Association of Georgia (CBA) are urging the FDIC to reject a proposed merger, saying it would lower regulatory safeguards ...
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A bill that mandates economic penalties on firms and individuals involved in stealing American intellectual property has been included in the Senate Banking Committee’s Meeting the China Challenge A...
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House Committee on Financial Services Chairwoman Maxine Waters (D-CA) has issued a statement supporting the Senate passing a measure designed to address predatory lending. The measure introduced b...
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The Federal Reserve Board has issued the third extension of a temporarily modified Small Business Administration (SBA) Paycheck Protection Program (PPP) rule. Officials said the action would enable...
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The House Committee on Financial Services passed six bills last week on various topics – from fighting credit discrimination to supporting LGBTQ-owned businesses. Among the bills that were advanc...
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Household debt increased by $85 billion, or less than 1 percent, to $14.64 trillion in the first quarter of 2021, according to the Federal Reserve Bank of New York's Center for Microeconomic Dataʻs Q...
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The global provider of data, technology, and market infrastructure Intercontinental Exchange, Inc. (ICE) said it has expanded its environmental, social and governance (ESG) reference data platform to ...
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Senate Committee on Banking, Housing and Urban Affairs Chairman Sherrod Brown (D-OH) and Ranking Member Pat Toomey (R-PA) are espousing the benefits of the Meeting the China Challenge Act of 2021, spe...
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The leaders of the U.S. Senate Committee on Banking, Housing, and Urban Affairs have introduced legislation that addresses national security concerns related to China. The Meeting the China Challen...
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A group of U.S. Senators led by U.S. Sen. Tammy Baldwin (D-WI) introduced legislation that would close the carried interest tax loophole, which benefits money managers. Specifically, the loophole a...
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During its recent hearing examining the tax gap and offshoring, the Senate Finance Subcommittee on Taxation and IRS Oversight learned money in offshore accounts is double previous estimates. In res...
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U.S. Rep. Joe Courtney (D-CT) introduced this week the Zero-Percent Student Loan Refinancing Act, which would allow borrowers to refinance federal loans to 0 percent through Dec. 31, 2024. Courtney...
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The U.S. Senate passed a resolution Tuesday to repeal the Trump administration’s True Lender Rule through the Congressional Review Act. The True Lender Rule, adopted by the Office of the Comptrol...
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