U.S. Rep. French Hill (R-AR) introduced legislation that would prohibit the Federal Reserve from transferring money to the Consumer Financial Protection Bureau (CFPB) if the Fed incurs a loss on its b...
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Alaska Gov. Mike Dunleavy issued an administrative order to establish the Governor’s Advisory Task Force on Recreational Marijuana. The task force will be charged with reviewing the current marij...
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House of Representatives Committee on Financial Services Republicans recently expressed opposition to Amalgamated Bank's proposal to track citizens who purchase firearms. U.S. Rep. Patrick McHenry ...
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U.S. Rep. Vern Buchanan (R-FL) introduced a bill in the House that would make the tax cuts in the Tax Cuts and Jobs Act (TCJA) of 2017 permanent. His bill, the TCJA Permanency Act (H.R.8913), woul...
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Senate Finance Committee Chair Ron Wyden (D-OR) said he is continuing his investigation into the use of private placement life insurance by the wealthiest Americans to avoid and evade taxes. Wyden ...
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U.S. Reps. Abigail Spanberger (D-VA) and Dusty Johnson (R-SD) introduced legislation requiring Congress members to file their public financial disclosures electronically. Currently, members of both...
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This week, the U.S. House of Representatives passed a bill requiring the federal government to develop an interagency strategy to disrupt and dismantle narcotics production and trafficking linked to t...
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During a recent Senate Banking, Housing, and Urban Affairs Committee hearing, U.S. Sen. Elizabeth Warren (D-MA) expressed concerns about crypto mixers being used by Russian oligarchs and others to eva...
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Securities and Exchange Commission (SEC) officials have detailed charges against Morgan Stanley Smith Barney LLC (MSSB), alleging the firm failed to protect customer personal identifying information (...
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U.S. Sens. Roger Marshall (R-KS) and Chris Coons (D-DE) introduced legislation in the U.S. Senate this week that seeks to promote more jobs in skilled labor trades. There has been an employment gap i...
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U.S. Reps. Peter Welch (D-VT) and Lance Gooden (R-TX) introduced legislation on Monday that seeks to bring increased competition and choice to the credit card network market. The Credit Card Competit...
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An Investment Company Institute (ICI) study has determined retirement saving continued to be a strong focus for defined contribution (DC) plan participants during the first half of this year. The a...
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The Consumer Financial Protection Bureau (CFPB) has released its annual residential mortgage lending activity and trends report, noting shifts from refinance loans in 2020 to home purchase loans in 20...
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The Independent Community Bankers of America (ICBA) released results of polling conducted by Morning Consult on the Biden Administration’s recently released regulatory framework for digital assets. ...
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A trio of lawmakers in the U.S. House of Representatives have joined 37 colleagues in advocating for Paycheck Protection Program (PPP) reform initiatives. Reps. Chrissy Houlahan (D-PA), Judy Chu (D...
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California Gov. Gavin Newsom has signed several bills seeking to strengthen the state's cannabis laws while also expanding the legal cannabis market and redressing cannabis prohibition harms. “Fo...
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Since President Joe Biden signed an executive order in March on Ensuring Responsible Development of Digital Assets, government agencies have been at work developing a framework and policy recommendati...
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A Consumer Financial Protection Bureau (CFPB) report examining the Buy Now, Pay Later industry determined the industry grew during the pandemic, but borrowers may have received uneven disclosures and ...
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Congress Joint Economic Committee (JEC) and Congressional Hispanic Caucus (CHC) officials have released a new report highlighting Hispanic American economic growth contributions. The analysis, in...
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U.S. Rep. Maxine Waters (D-CA) introduced legislation that would make reforms to the Community Reinvestment Act (CRA) designed to eliminate discrimination in the banking system and close the racial we...
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