U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, and U.S. Rep. Richard E. Neal (D-MA), chair of the House Ways & Means Committee, recently released Joint Committee on Taxation (JCT) ...
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The Consumer Financial Protection Bureau (CFPB) maintains consumer auto loans, new mortgages, and revolving credit cards applications have returned to pre-pandemic levels by May 2021. “While con...
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The Independent Community Bankers of America (ICBA) has joined other business groups in opposing a Treasury Department proposal requiring financial institutions to report customer bank account informa...
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Senate Committee on Banking, Housing, and Urban Affairs Chairman Sherrod Brown (D-OH) is encouraging the Consumer Financial Protection Bureau (CFPB) to examine consumer fintech risks. Brown has for...
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Spurred by an International Energy Agency CO2 emissions reductions report, a group of lawmakers recently introduced legislators that encourage clean energy sector innovation to scale new technologies....
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U.S. Sen. Patty Murray (D-WA), chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, and U.S. Rep. Lauren Underwood (D-IL) reintroduced legislation Monday that would bolster wome...
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The National Venture Capital Association (NVCA) maintains recently introduced legislation creating a Startup Visa allowing foreign-born entrepreneurs would aid in bolstering the economy and creating j...
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The Credit Union National Association (CUNA) recently joined several organizations in opposing Durbin Amendment expansion, stating that caps on interchange fees would negatively impact the payments ec...
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U.S. Sen. Thom Tillis (R-NC) recently introduced a bipartisan bill to help taxpayers who decide to prepare their homes for natural disasters. The Disaster Mitigation and Tax Parity Act would make r...
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U.S. Sens. Alex Padilla (D-CA) and Dianne Feinstein (D-CA), and U.S. Reps. Jared Huffman (D-CA) and Judy Chu (D-CA) introduced legislation last week to provide tax relief for homeowners receiving wate...
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The Commodity Futures Trading Commission (CFTC) is pleased with the U.S. Court of Appeals for the Ninth Circuit's decision to reaffirm recent anti-fraud enforcement action. The court affirmed a pr...
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A group of lawmakers recently introduced the Encouraging Americans to Save Act, designed to help working and middle-class families save for retirement. The legislation was introduced by U.S. Sens. ...
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U.S. Rep. Bill Posey (R-FL) and U.S. Sen. Marco Rubio recently reintroduced the Flood Insurance Rate Map Interagency Technology or (FIRM IT) Act, which seeks to improve National Flood Insurance Progra...
Read MoreA group of legislators recently introduced a measure they said seeks to aid higher education affordability and access. U.S. Sens. Sheldon Whitehouse (D-RI), Ron Wyden (D-OR), Patty Murray (D-WA), M...
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U.S. Sens. Tim Scott (R-SC) and Joe Manchin (D-WV) recently reintroduced legislation that seeks to expand credit access for those with no credit history or one that is too scarcely populated to genera...
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The Consumer Banking Association (CBA) is advocating for the modernization of the Community Reinvestment Act (CRA). The position stems from the Office of the Comptroller of the Currency's (OCC) rec...
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Senate Republicans are urging President Joe Biden not to go forward with a plan to raise the capital gains tax on wealthy individuals making more than $400,000 per year. The Biden plan would incre...
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A bill has been introduced in the U.S. Senate that would cap fees and interest on consumer loans at an annual percentage rate (APR) of 36 percent. This is the same limit in place for military servi...
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The U.S. House of Representatives advanced a bill that would restore the Federal Trade Commission’s (FTC) authority to go to court to get consumers and businesses their money back from scammers. ...
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U.S. Reps. Lloyd Smucker (R-PA) and Salud Carbajal (D-CA) reintroduced the Home For The Brave Act of 2021, which addresses veteran homelessness while bolstering disabled veterans' housing program acce...
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