The Pew Charitable Trusts maintains large banks have pivoted toward offering small installment loans or lines of credit to checking account customers with low or no credit scores. Officials indicat...
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The private investment industry advocacy organization American Investment Council (AIC) and PitchBook recently released a report espousing the benefits of private equity’s (PE) role in supporting va...
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The Federal Reserve Board issued a policy statement last week that says uninsured banks supervised by the board will be subject to the same limitations on activities as insured banks and national bank...
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U.S. Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) are sponsoring two bills that seek to hold pharmacy benefit managers (PBMs) accountable for opaque and often deceptive practices that contrib...
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The International Swaps and Derivatives Association (ISDA) published a new standard documentation for trading digital asset derivatives last week. The ISDA Digital Asset Derivatives Definitions are...
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The American Bankers Association’s latest Credit Conditions Index says that bank economists expect credit conditions to soften over the next six months. This comes as the economy is expected to s...
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During its first open meeting of 2023, the National Credit Union Administration (NCUA) Board extended the 18-percent federal credit union loan interest rate ceiling and approved the Annual Performance...
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U.S. Sens. Tim Scott (R-SC) and Ben Cardin (D-MD) recently introduced the Small Business Tax Fairness and Compliance Simplification Act (S. 45), which seeks to establish small business tax code parity...
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U.S. Securities and Exchange Commission (SEC) officials have detailed a proposed rule the agency indicated would address securitization market conflicts of interest. The proposal, originally introd...
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Among the many provisions signed into law as part of the recent federal government funding package was legislation from U.S. Sens. Susan Collins (R-ME) and Mark Warner (D-VA) that will increase access...
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U.S. Sens. Tim Kaine (D-VA) and Jeanne Shaheen (D-NH) have joined 14 colleagues in co-sponsoring legislation seeking to lower healthcare costs and expand health insurance access. The Improving Heal...
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U.S. Reps. Judy Chu (D-CA) and Andrew Garbarino (R-NY) recently commended the House of Representatives' passage of the Investing in Main Street Act of 2023 (H.R. 400), which aids Small Business Invest...
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For a biennial review of the consumer credit card industry, the Consumer Financial Protection Bureau (CFPB) this week requested information from the public on various aspects of its experience with cr...
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U.S. Sens. Sherrod Brown (D-OH), Ben Cardin (D-MD), and Patty Murray (D-WA) Tuesday reintroduced the Restaurant Revitalization Tax Credit Act, which seeks to provide restaurant tax relief. The bill w...
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A group of Republican lawmakers recently reintroduced the Stop the Nosy Obsession with Online Payments (SNOOP) Act. The legislation stems from tax code provisions within the American Rescue Plan (ARP...
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A group of lawmakers recently forwarded correspondence to the Securities and Exchange Commission (SEC), citing opposition to several proposed domestic equity market structure revisions. U.S. Sens. Ke...
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Sen. Steve Daines (R-MT) has re-introduced the Balanced Budget Accountability Act (S.6), which he noted requires Congress to produce a balanced budget, or members will not get paid. “Congress is h...
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The National Association of Federally-Insured Credit Unions (NAFCU) recently joined four financial trade groups in addressing potential Consumer Financial Protection Bureau’s (CFPB) credit card late...
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According to a recently released outlook called The New Macro Supercycle, analysts from Mitsubishi UFJ Financial Group (MUFG) predicted that 2023 will likely be the time markets pull from the constrai...
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Cannabis policy reform organization Marijuana Policy Project (MPP) has elected four new members to serve on its board of directors. “Their experience and proven track record of success in the canna...
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