A group of U.S. Senate Republicans introduced legislation last week to recover funds lost to unemployment insurance (UI) fraud. The Protecting Taxpayers and Victims of Unemployment Fraud Act seeks ...
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The Mortgage Bankers Association (MBA) projects total commercial and multifamily mortgage borrowing and lending will decline to $654 billion this year, representing a 20 percent decrease ($816 billion...
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The Federal Deposit Insurance Corporation (FDIC) proposed a rule that would implement a special assessment to recover costs associated with protecting uninsured depositors following the closures of Si...
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U.S. Sens. Roger Wicker, (R-MS) and Debbie Stabenow, (D-MI) and 15 colleagues recently reintroduced the Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act,...
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The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on the borrowers' debt-to-income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. This follows an annou...
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The Consumer Financial Protection Bureau (CFPB) affirmed this week that a bank may violate federal law if it reopens a deposit account to process transactions after a consumer has already closed it. ...
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U.S. Reps. John Rose (R-TN) and Brittany Pettersen (D-CO) have introduced legislation requiring the Community Development Financial Institutions (CDFI) Fund Director to testify before House of Represe...
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U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, outlined committee Republicans’ priorities for fiscal year (FY) 2024 appropriations. In a letter to House Approp...
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According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial / Multifamily Mortgage Bankers Originations, commercial and multifamily borrowing declined in the first quarter o...
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Research from three federal agencies maintains Economic Impact Payments (EIP) were quickly and effectively received by underserved communities and Americans most in need. The U.S. Department of the...
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The International Swaps and Derivatives Association (ISDA) published a white paper this week that examines the role of derivatives in energy security. The paper – titled Energy Security and the R...
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A group of lawmakers recently introduced a bill to protect patients and pharmacies from harmful pharmacy benefit manager (PBM) practices. U.S. Reps. Earl L. "Buddy" Carter (R-GA), Lisa Blunt Roches...
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U.S. Sen. Tim Scott (R-SC) is seeking answers from the Federal Housing Finance Agency (FHFA) about its recent changes to mortgage financing. Earlier this month, the FHFA launched a new pricing fra...
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Congressional Gaming Caucus Co-Chairs Guy Reschenthaler (R-PA) and Dina Titus (D-NV) have introduced legislation increasing the tax threshold for slot winnings from $1,200 to $5,000. The Shifting L...
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A group of banking and financial services organizations have taken issue with a rule proposed by the Securities and Exchange Commission (SEC) that would expand the reach of the custody rule. The pr...
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State Street Corp. introduced a new tool that allows asset managers and other financial services institutions to integrate carbon-related assets into their portfolios. State Street’s Carbon Asset...
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A group of Michigan lawmakers recently expressed opposition to the U.S. Department of Homeland Security's (DHS) proposed fee increases for small business employers, maintaining it negatively impacts v...
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The Securities and Exchange Commission (SEC) has charged Pinnacle Advisors for aiding and abetting liquidity rule violations by a mutual fund it advised and whose liquidity risk management program the...
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The Securities and Exchange Commission (SEC) has outlined the awarding of its largest whistleblower allotment totaling nearly $279 million. The individual provided information and assistance result...
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U.S. Sens. Mike Rounds (R-SD) and Tina Smith (D-MN) introduced bipartisan legislation last week to improve rural housing programs and increase the accessibility of affordable housing. Their bill, ...
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