U.S. Sen. Tim Scott (R-SC) released a discussion draft of a bill he authored that seeks to reform the U.S. housing market. The discussion draft of his bill – the Renewing Opportunity in the Ameri...
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A group of leading House Republicans are urging federal financial regulators seeking information on what they call “coordinated efforts by the agencies” to deny banking services to digital asset f...
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U.S. Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT) joined U.S. Reps. Dave Joyce (R-OH) and Earl Blumenauer (D-OR) to introduce the Secure and Fair Enforcement (SAFE) Banking Act of 2023. Bill p...
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Findings from an Investment Company Institute (ICI) and BrightScope study determined that many nonprofits sponsoring 403(b) plans seek to engage participants and promote retirement saving. Per offi...
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U.S. Sen. John Thune (R-SD) is among a group of Republican senators who introduced legislation that would change labor policies. Specifically, the Employee Rights Act would make several key changes...
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The Senate Committee on Banking, Housing, and Urban Affairs introduced a measure targeting the illicit fentanyl supply chain. The Fentanyl Eradication and Narcotics Deterrence (FEND) Off Fentanyl A...
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A group of federal agencies recently pledged to uphold the nation's commitment to the core principles of equality and justice amid the emergence of automated systems. The effort involving the Civil...
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The U.S. Treasury Department issued the 2023 De-risking Strategy, which examines how financial institutions are de-risking and why. De-risking occurs when financial institutions terminate or restr...
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A group of lawmakers recently forwarded correspondence to the Small Business Administration (SBA), expressing concerns regarding the agency's 7(a) lending program rule changes. House Committee on S...
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U.S. Rep. Abigail Spanberger (D-VA) is urging the U.S. House Committee on House Administration to hold a hearing on efforts to ban Members of Congress and their families from trading individual stocks...
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U.S. Sens. Ben Ray Luján (D-NM) and John Thune (R-SD) have asked the Government Accountability Office (GAO) to review the effectiveness of federal, state, and local broadband programs. The reques...
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Colorado Attorney General Phil Weiser has detailed a settlement agreement with EasyPay in the wake of his office alleging the consumer lender sought to make illegal, predatory loans. The Attorney G...
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The U.S. Federal Reserve released the findings from its 2022 payments study, which shows how consumers and businesses chose to make noncash payments. This triennial study shows a substantial increa...
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U.S. Rep. Andy Barr (R-KY) is espousing the benefits of reintroducing the Fair Access to Banking Act, maintaining it would deter financial institutions from being used to achieve political agendas. ...
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A group of lawmakers recently reintroduced legislation addressing nationwide workforce shortages through apprenticeship programs. U.S. Sens. John Thune (R-SD), Tim Scott (R-SC), Mike Braun (R-IN), ...
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This week, the Financial Stability Oversight Council (FSOC) issued a proposed analytic framework for financial stability risks. The new framework, which is now open to public comment, is designed...
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Senate Committee on Banking, Housing, and Urban Affairs Chairman Sherrod Brown (D-OH) supports a review of failed bank Federal Home Loan Bank (FHLBank) System advances. Brown recently forwarded co...
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U.S. Rep. Bob Latta (R-OH) is among a group of Republican lawmakers who introduced legislation that would expand access to health savings accounts (HSAs). HSAs permit individuals to make tax-free c...
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The Senate Finance Committee has outlined the framework the Committee will use to pursue legislative solutions to modernize and enhance federal prescription drug programs. Senate Finance Committee ...
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The American Institute of Certified Public Accountants (AICPA) is endorsing federal legislation that would expand eligible uses of 529 savings plans. The proposed bill – the Freedom to Invest in ...
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