U.S. Sens. Ron Wyden, (D-OR), Bob Casey, (D-PA), Richard Blumenthal (D-CT), Michael Bennet (D-CO), Sheldon Whitehouse (D-RI), and Sherrod Brown (D-Ohio) introduced last week the Nursing Home Improveme...
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The Independent Community Bankers of America (ICBA) and the National Association of Federally-Insured Credit Unions (NAFCU) recently expressed opposition to proposed Federal Reserve interchange regula...
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According to the National Association of Federally-Insured Credit Unions (NAFCU) Macro Data Flash report, consumer credit increased 10.6 percent in June and is up 4.2 percent compared to a year ago. ...
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A bipartisan group of senators announced an agreement on an amendment to fix digital asset reporting requirements in the $1 trillion Infrastructure Investment and Jobs Act, which advanced the Senate T...
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FMI - The Food Industry Association announced this week its support of the Federal Reserve Board of Governors’ proposal clarifying debit routing provisions in the Durbin Amendment. The Debit Card...
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Republican leaders in the House and Senate released an analysis by the bipartisan Congressional Joint Committee on Taxation (JCT) on the potential impact of a proposal to increase the corporate tax ra...
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U.S. Sen. Mike Crapo (R-ID) filed an amendment that seeks to block expanding taxpayer information reporting requirements for financial institutions. The amendment is in response to a legislative pr...
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The National Credit Union Administration (NCUA) has forwarded correspondence to credit unions outlining its newly amended capitalization of interest rule. “For borrowers experiencing financial ha...
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U.S. Rep. Marie Newman (D-IL) and Joint Economic Committee (JEC) Chairman Don Beyer (D-VA) released this week the first-ever Worker’s Economy Report, which seeks to provide insight on the nation's p...
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Leading Republicans on the House Financial Services Committee and Energy and Commerce Committee sent a letter to House Speaker Nancy Pelosi (D-CA) urging her to find a permanent solution for American ...
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U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Elizabeth Warren (D-MA) launched an investigation into private equity ownership of for-profit hospice companies. Specifically, the investigat...
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A recently released National Association of Federally-Insured Credit Unions (NAFCU) report maintains July vehicle sales dipped because of a lack of supply. The NAFCU's Macro Data Flash report showe...
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U.S. Sens. Ron Wyden (D-OR) and Sheldon Whitehouse (D-RI) introduced a bill to close the carried interest loophole often used by hedge fund managers. The lawmakers described the carried interest l...
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The U.S. Senate passed an amendment that mandates payment and performance security on all federally financed infrastructure projects receiving loans and grants under the Transportation Infrastructure ...
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The Financial Crimes Enforcement Network (FinCEN) announced last week that Himamauli "Him" Das has been named the agency's new acting director, replacing Michael Mosier, who is departing for a new opp...
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An amendment permanently establishing the Minority Business Development Agency (MBDA) has been unanimously accepted into the federal infrastructure agreement. U.S. Sens. Tammy Baldwin (D-WI), Roger...
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The American Investment Council (AIC) maintains private equity is strengthening small businesses while adding resiliency and supporting millions of jobs. According to its newly released information...
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According to the Small Business Administration (SBA), the federal government exceeded its Fiscal Year 2020 (FY20) small business contracting goal while adding almost a million jobs to the economy. ...
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The Credit Union National Administration (CUNA) expressed its support for the continuing development of the Federal Reserve’s FedNow service, a real-time payments network. The statement of suppo...
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A group of Senators filed an amendment this week to clarify the definition of “broker” as it relates to digital asset third-party reporting requirements. The amendment – introduced by U.S. S...
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