The U.S. Joint Economic Committee (JEC) released an issue brief this week detailing how defaulting on the federal debt would create a financial crisis on par with that of 2008. The JEC added that def...
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A new survey from the Conference of State Bank Supervisors’ (CSBS) has found that community banks have historic levels of deposits yet narrow net interest margins, the difference between interest ta...
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Financial Industry Regulatory Authority (FINRA) officials said the organization has partnered with a pair of entities as a means of providing additional investor protection. FINRA, the North Americ...
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The Public Company Accounting Oversight Board (PCAOB) is seeking additional input regarding a proposal seeking to strengthen requirements for audits involving multiple audit firms. The PCAOB has is...
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A group of lawmakers have reintroduced a measure they said seeks to aid Americans in claiming over $26 billion in unredeemed savings bonds. Sens. Marco Rubio (R-FL) and John Kennedy (R-LA) have joi...
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The Republican leader on the U.S. Senate Finance Committee issued a statement on the tax cut bill recently approved by the House Ways and Means committee, citing a recent analysis by the Joint Committ...
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A group of Democratic senators introduced a bill that seeks to reform the nation’s unemployment insurance system. The Unemployment Insurance Improvement Act, S. 2865, was introduced on Monday by ...
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The Futures Industry Association's (FIA) recently released report on climate-related policy and other efforts to combat climate change showed the private sector has made an impact. FIA's 2021 Susta...
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Independent Community Bankers of America (ICBA) officials said the organization remains in opposition to congressional efforts allowing the IRS to collect consumer financial account information. ...
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A group of lawmakers have forwarded correspondence to the Biden Administration encouraging capitalism reformation in which short-term profits and shareholder primacy no longer take center stage. Se...
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Rep. Lloyd Doggett (D-TX) is seeking to include the Tax Free Pell Grants Act in the House Ways and Means Committee’s portion of the Build Back Better bill. Doggett, who introduced the Tax Free Pe...
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Two bills sponsored by Rep. Patrick McHenry (R-NC) were included in the fiscal year 2022 National Defense Authorization Act (NDAA), which was approved by the House of Representatives passed. The M...
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The congressional Joint Economic Committee (JEC) held a hearing recently that looked at how home and building electrification is critical to addressing climate change and advancing economic growth. ...
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The Consumer Financial Protection Bureau (CFPB) released a report last week that examines patterns in the consumer complaints that they receive. The report, called “Consumer complaints throughou...
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Treasury Department officials said the agency's Community Development Financial Institutions Fund (CDFI Fund) has earmarked grants totaling over $10.8 million to help expand financial institution cons...
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The Credit Union National Administration (CUNA) wrote leaders in the U.S. House of Representatives to express its support for the inclusion of the Secure and Fair Enforcement (SAFE) Banking Act into t...
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A pair of lawmakers have introduced a measure they said seeks to create accessible, universal, portable retirement and investment accounts while also modernizing the nation's retirement system. Sen...
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Several Democratic U.S. senators are raising concerns about what they call abuses by the creators and operators of Special Purpose Acquisition Companies, or SPACs. Sens. Elizabeth Warren (D-MA), Sh...
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A pair of lawmakers are soliciting the input of industry professionals regarding efforts to address mental health care barriers. Senate Finance Committee Chairman Sen. Ron Wyden (D-OR) and Finance...
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Sen. Catherine Cortez Masto (D-NV) has introduced a bill she said incentivizes consumer fraud reporting to the Consumer Financial Protection Bureau (CFPB). The Financial Compensation for Consumer F...
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