The Biden-Harris administration is taking steps to convert high-vacancy commercial buildings to residential use in an effort to create housing that is affordable, energy efficient, and accessible to n...
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The Commodity Futures Trading Commission (CFTC) has signed an agreement with the French Autorité des marchés financiers (AMF) on the supervision and oversight of certain regulated firms that operate...
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According to a survey done by the American Bankers Association (ABA), U.S. customers use mobile banking apps more than any other method. The survey of more than 2,000 adults found that 48 percent ...
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A bipartisan bill was introduced in Congress last week that would establish a program allowing eligible workers access to portable, tax-advantaged retirement savings accounts. The Retirement Savin...
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A bill introduced in Congress last week seeks to update and expand unemployment insurance so that the program better meets the needs of the modern workforce and is ready to respond should America face...
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Consumers paid more than $105 billion in interest and more than $25 billion in fees on their credit cards in 2022, according to a report by the Consumer Financial Protection Bureau (CFPB) on the consu...
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The Economic Opportunity Coalition (EOC) announced plans to secure $3 billion in deposits for community development financial institutions (CDFIs) and minority depository institutions (MDIs). The c...
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The Federal Reserve Board is seeking public comment on a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. This new proposal wo...
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Federal bank regulators finalized principles for a framework to manage exposures to climate–related financial risks for large financial institutions. The principles address physical and transitio...
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A final rule to strengthen and modernize the Community Reinvestment Act (CRA) was issued this week by federal bank regulatory agencies. The CRA is a law that was enacted nearly 50 years ago to enco...
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The U.S. Treasury Department released a report card detailing how it has implemented federal investments in entrepreneurs and small businesses. So how is it going? The Census Bureau released data w...
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A group of banking industry groups are urging the Federal Reserve Board of Governors to reject merchant requests for further changes to Regulation II governing debit card interchange fees. Regulat...
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U.S. Sens. Thom Tillis (R-NC) and John Hickenlooper (D-CO) introduced legislation that seeks to establish safeguards against instances of unethical co-mingling of customer funds by financial instituti...
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According to the Mortgage Bankers Association (MBA), total commercial and multifamily mortgage borrowing and lending is expected to fall by nearly 50 percent this year. The association said borrow...
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U.S. Rep. French Hill (R-AR) introduced legislation in the House that would prohibit the Federal Reserve from transferring its earnings to the Consumer Financial Protection Bureau (CFPB) if the centra...
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U.S. Sens. Sherrod Brown (D-OH) and Mike Braun (R-IN) introduced legislation last week that seeks to help inform veteran homebuyers of their eligibility for the VA Home Loan Program. The VA Home Lo...
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On Friday, the Consumer Financial Protection Bureau (CFPB) announced it had proposed a rule that would accelerate the shift toward open banking. The Personal Financial Data Rights rule would activ...
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Applications for the federal Low-Income Communities Bonus Credit program for certain clean energy projects are now open. This groundbreaking program provides a 10 or 20-percentage point boost to th...
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The U.S. Senate passed a resolution that seeks to block the Consumer Financial Protection Bureau’s (CFPB) small business data collection rule. The rule requires covered financial institutions to...
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The Securities and Exchange Commission (SEC) proposed a new rule this week that would prohibit national securities exchanges from offering volume-based transaction pricing in certain cases. The pro...
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