Bank of America introduced a new program to help drive business growth for minority and women business owners. The Small Business Down Payment Grant Program was launched this week in select markets...
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The Federal Reserve banks are planning to launch the FedNow Service sometime between May and July 2023. This new timeframe comes as the FedNow Pilot Program enters technical testing for the servic...
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State attorneys general representing 21 states are commending the U.S. Department of Education (DOE) proposed improvements to the 90/10 Rule. Massachusetts Attorney General Maura Healey and Minneso...
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The Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of China to ...
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Office of Comptroller of the Currency Acting Comptroller Michael J. Hsu recently toured South Carolina, highlighting an effort to assess financial needs within rural communities. The South Carolina...
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Secret Service personnel said the agency has returned to the Small Business Administration (SBA) approximately $286 million in fraudulently obtained Economic Injury Disaster Loans (EIDL). “The Se...
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The Securities and Exchange Commission (SEC) adopted two amendments designed to strengthen its whistleblower program. One of the amendments allows the SEC to pay whistleblowers for their informati...
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The Securities and Exchange Commission (SEC) has adopted rule amendments addressing executive pay versus performance disclosure. “The Commission has long recognized the value to investors of info...
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The U.S. Treasury Department and Israel's Ministry of Finance finalized an agreement to cooperate on cybersecurity. The bilateral Memorandum of Understanding (MOU) on Cybersecurity Cooperation bui...
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The affordability of home prices improved for the second straight month in July, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI). The index measures...
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Abaca, a financial platform for cannabis operators, and Pacific Valley Bank are partnering as a means of expanding cannabis banking access within the California market. This marks the first time si...
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Texas Comptroller Glenn Hegar has released a list of financial companies boycotting energy companies, noting the companies are subject to divestment provisions via Texas Government Code Chapter 809. ...
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The Securities and Exchange Commission (SEC) released a draft strategic plan for fiscal years 2022 to 2026 for public comment on Wednesday. The draft strategic plan has three major goals: to prote...
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A Pew Research Center survey found that among the 16 percent of domestic adults having invested, traded or used a cryptocurrency, 46 percent reported their investments have done worse than expected. ...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, released the findings of a year-long investigation into what he called the largest alleged individual tax evasion scheme in U.S. hist...
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The Federal Housing Finance Agency (FHFA) recently announced plans to establish a Federal Advisory Committee with a focus on affordable, equitable, and sustainable housing. “The formation of an a...
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The Department of Defense (DoD) recently issued a report detailing how financial institutions are serving military installations and examines the DoD’s policies to ensure access to financial service...
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The California Department of Tax and Fee Administration (CDTFA) has issued its cannabis revenue report for the second quarter of 2022. As of Aug. 16, 2022, total cannabis tax revenue from second-qu...
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A group of insurance industry associations and experts released a white paper this week that examines how the tragedies from Hurricane Andrew in 1992 ultimately paved the way for community safety inno...
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A Mortgage Bankers Association (MBA) report showed commercial and multifamily loan originations rose 19 percent in the second quarter of 2022 compared to last year. The MBA indicated its Quarterly ...
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