The American Property Casualty Insurance Association (APCIA) is encouraging Florida Gov. Ron DeSantis to veto a measure repealing the state's personal injury protection “no-fault” auto insurance s...
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The Consumer Financial Protection Bureau (CFPB) said the recent finalization of federal mortgage servicing regulations amendments would address potential foreclosure surges while aiding the nation's e...
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The Financial Industry Regulatory Authority (FINRA) has issued investment trust restitution payment orders against Merrill Lynch, Pierce, Fenner & Smith, Inc. regarding Unit Investment Trusts (UITs) r...
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Officials are crediting the efforts of U.S. Rep. Tom Emmer (R-MN) in aiding the Financial Accounting Standards Board (FASB) in opening an Invitation to Comment (ITC) regarding accounting standards for...
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The National Association of Federally-Insured Credit Unions (NAFCU) applauded Congress’s passage of a bill that would repeal the true lender rule, which was approved in the final days of the Trump a...
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The U.S. House passed a resolution to repeal the Trump administration’s True Lender Rule through the use of the Congressional Review Act. The regulation allows lenders to go around state laws me...
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All 23 large U.S. banks have passed the annual stress tests administered by the Federal Reserve Board. "Over the past year, the Federal Reserve has run three stress tests with several different hy...
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U.S. Rep. Vern Buchanan (R-FL), a member of the House Ways and Means Committee, and Social Security Subcommittee Chairman John B. Larson (D-CT) recently introduced legislation that would ease access t...
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The House Financial Services Committee has advanced four bills that address the establishment of protections across the financial system. The Minority Business Resiliency Act, introduced by U.S. Re...
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The number of minority depository institutions (MDI) credit unions grew in 2020, according to the National Credit Union Administration's (NCUA) eighth annual report to Congress on MDIs. The report...
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A bipartisan group of U.S. senators introduced legislation that seeks to reduce the number of evictions in the United States. The Eviction Crisis Act of 2021 – introduced by U.S. Sens. Michael B...
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The Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (OIEA) is touting a recently launched public service campaign (PSC) seeking to educate investors and detail r...
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U.S. Sen. Elizabeth Warren (D-MA), Majority Leader Sen. Chuck Schumer (D-NY) and U.S. Reps. Ayanna Pressley (D-MA) and Joe Courtney (D-CT) led colleagues in forwarding correspondence to President Joe ...
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U.S. Rep. Carolyn Maloney (D-NY) cautioned Federal Reserve Board Chairman Jerome Powell not to raise interest rates too soon as it would impact the economic recovery. Maloney, chair of the House C...
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The U.S. Senate advanced Tuesday legislation designed to increase accountability for foreign companies that refuse to submit to U.S. financial oversight. The Accelerating Holding Foreign Companies ...
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U.S. Sens. Mike Crapo (R-ID) and Richard Burr (R-NC) reintroduced Tuesday legislation designed to reduce prescription drug prices, enhance industry and encourage the development of new treatments and ...
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U.S. Reps. Terri Sewell (D-AL) and Drew Ferguson (R-GA) recently introduced legislation seeking to reduce rural hospital closures and financial burdens amid the COVID-19 pandemic by ensuring fairness ...
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U.S. Rep. Maxine Waters (D-CA) is urging leaders within the Biden Administration to extend their moratoria on foreclosures until the Consumer Financial Protection Bureau (CFPB) can finalize its pandem...
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CME Group, which runs the nation’s largest derivatives exchange, will launch a Nature-Based Global Emissions Offset futures contract on Aug. 1. The futures contract, called N-GEO, was jointly dev...
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U.S. Senate Majority Whip Sen. Dick Durbin (D-IL), U.S. Sen. Jack Reed (D-RI), and U.S. Rep. Rosa DeLauro (D-CT) reintroduced this week a bill seeking to extend the ban on federal contracts for invert...
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