On Friday, U.S. Rep. Dan Meuser (R-PA) introduced legislation that seeks to increase the crowdfunding exemption so small businesses and startups have more access to capital. The legislation, the A...
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U.S. Sen. Tim Scott (R-SC), ranking member on the Senate Banking Committee, is urging the SEC to rescind two rules that would expand the types of entities required to register as securities dealers. ...
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U.S. Sens. Sherrod Brown (D-OH), Jack Reed (D-RI), and Elizabeth Warren (D-MA) are calling on Venmo to adopt policies to reimburse consumers who get scammed. This call from the senators follows a ...
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U.S. Rep. Mike Turner (R-OH) introduced a bill in the House last week that would prohibit banks from forcing customers to use electronic bank statements instead of paper statements. His bill, the P...
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U.S. Sen. Elizabeth Warren (D-MA) and U.S. Rep. Hank Johnson (D-GA) recently led 91 legislators in urging the Consumer Financial Protection Bureau (CFPB) to protect consumers by reining in the financi...
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A group of House lawmakers, led by Rep. Lloyd Smucker (R-PA) have introduced legislation that seeks to update and strengthen the Work Opportunity Tax Credit (WOTC). The Improve and Enhance the Work...
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According to the U.S. Chamber of Commerce’s Small Business Index, small businesses lost confidence in the country’s economy, falling to 61.3 in the fourth quarter from 69.2 in the third. The I...
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U.S. Reps. Darin LaHood (R-IL) and Linda Sanchez (D-CA) introduced a bill that will allow individuals to roll over their Roth IRA savings into a Roth account within a workplace retirement plan. Cur...
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The Securities and Exchange Commission (SEC) adopted rule changes this week that seek to improve risk management practices for central counterparties in the U.S. Treasury market. The rule changes u...
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On Wednesday, Visa announced the launch of an AI-based product to combat token fraud, Visa Provisioning Intelligence (VPI). The new service will utilize machine learning models to predict the prob...
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U.S. Reps. Brian Fitzpatrick (R-PA) and Marie Gluesenkamp Perez (D-WA) introduced a bill that would index the federal minimum wage to a regional cost-of-living standard. In addition, the Fair Wage ...
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The availability of mortgage credit dropped in November, according to the most recent Mortgage Credit Availability Index (MCAI), produced by the Mortgage Bankers Association (MBA). Specifically, th...
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U.S. Sens. Jack Reed (D-RI), Mark Warner (D-VA), Mike Rounds (R-SD), and Mitt Romney (R-UT) are taking steps to disrupt and eradicate the illicit financial networks of terrorist organizations. The ...
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The Federal Home Loan Bank of Dallas (FHLB) announced Friday that it had awarded more than $28 million to 43 projects in five states as part of its Affordable Housing Program (AHP). The subsidies ...
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The National Federation of Independent Business (NFIB) released its Small Business Optimism Index this week, which gauges business conditions for small businesses. The index decreased 0.1 point i...
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On Friday, the Consumer Financial Protection Bureau (CPB) ordered Atlantic Union Bank to pay $6.2 million for its part in an illegal overdraft fee harvesting action. The CFPB said it found that At...
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A bipartisan group of Congress members have introduced legislation that looks to expand the availability of Pell Grants. The Bipartisan Workforce Pell Act would allow Pell Grants to support student...
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U.S. Sen. Tammy Baldwin (D-WI) is looking to expand opportunities for Milwaukee residents to compete with out-of-state investors for homes in Milwaukee neighborhoods. The Wisconsin senator is calli...
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The Federal Deposit Insurance Corporation (FDIC) released an update on Dec. 7 for its restoration plan for the Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires that ...
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The Securities and Exchange Commission (SEC) announced on Thursday it had filed charges against five individuals and four companies for making fraudulent offerings in pre-initial public offering (IPO)...
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