U.S. Sen. Sherrod Brown (D-OH) has forwarded correspondence to six large banks offering voice authentication services, noting concerns about the potential for fraud from artificial intelligence (AI) g...
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Findings from a recently published Consumer Financial Protection Bureau (CFPB) report maintain specialty products that include medical credit cards are typically more expensive for patients than other...
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A group of Congressional lawmakers are calling on the Federal Reserve to pause interest rate hikes. Last week, the Federal Reserve voted to raise interest rates by 25 basis points, the 10th straigh...
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U.S. Sens. Tim Scott (R-SC) and Brian Schatz (D-HI) introduced legislation this week that seeks to protect those living in flood-prone communities. The Repeatedly Flooded Communities Preparation A...
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Findings from a National Federation of Independent Business (NFIB) survey offer insight into small business views on the present economy and banking. The survey was executed through mail from April...
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The Securities and Exchange Commission (SEC) adopted amendments that are designed to enhance the ability of the Financial Stability Oversight Council (FSOC) to assess systemic risk and bolster its ove...
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The Merchants Payments Coalition (MPC) maintains increasing swipe fees banks and credit card networks charge merchants to process transactions could cost consumers nearly $800 million this Mother’s ...
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U.S. Sen. John Kennedy (R-LA) is espousing the benefits of legislation that would result in requiring a thorough cost-benefit analysis for all Consumer Financial Protection Bureau (CFPB) rules. The...
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U.S. Rep. Ken Calvert (R-CA) introduced legislation in the U.S. House of Representatives that seeks to protect homebuyers from paying higher fees on their mortgages. His bill, the Secure Americans...
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A group of lawmakers recently forwarded correspondence to the Federal Housing Finance Agency (FHFA), noting opposition to the agency re-writing the Fannie Mae and Freddie Mac single-family pricing fra...
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U.S. Sens. Tim Scott (R-SC) and John Thune (R-SD) are among a group of lawmakers expressing concerns over efforts by the Federal Insurance Office to bring environmental, social, and governance (ESG) s...
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The Consumer Financial Protection Bureau (CFPB) proposed a rule to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans. Residential PACE loans finance home i...
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A Marijuana Policy Project (MPP) report maintains at the end of 2022, states reported a total of over $15.1 billion in tax revenue from adult-use cannabis sales since 2014. “States that have made...
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Pennsylvania Treasurer Stacy Garrity has joined 33 fiscal officers from 26 other states in advocating the elimination of federal mortgage fees. Officials said Garrity and other state fiscal officer...
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Following the recent bank failures, the Federal Deposit Insurance Corporation (FDIC) released an overview of the deposit insurance system and options for reform. The report, called Options for Depo...
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U.S. Rep. Ann Wagner (R-MO), chair of the House of Representatives Financial Services Subcommittee on Capital Markets, recently touted panel advancement of a pair of capital formation bills. Wagner...
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A group of lawmakers have reintroduced legislation that seeks to provide students and families with greater information when considering higher education opportunities. U.S. Reps. Raja Krishnamoor...
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In its recently released review of the supervision and regulation of Silicon Valley Bank, the Federal Reserve Board identified the key reasons why the bank failed this past March. The review, done...
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The Federal Deposit Insurance Corporation (FDIC) released the results of an internal review of New York-based Signature Bank, which failed in March. The review, conducted by chief risk officer Mars...
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A couple of bills sponsored by U.S. Rep. Bryan Steil (R-WI) were approved by the House Financial Services Committee last week. Both pieces of legislation seek to help startups. The first bill, H.R....
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