The U.S. Department of the Treasury and the Internal Revenue Service (IRS) came out with final rules on prevailing wage and registered apprenticeship (PWA) requirements in the Inflation Reduction Act....
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U.S. Reps. Young Kim (R-CA) and David Scott (D-GA) introduced legislation that seeks to provide greater access to financial services for the underbanked and in underserved communities. The Financi...
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U.S. Sen. Sherrod Brown (D-OH) is urging the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to keep a close eye on bank mergers. Specifically, ...
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The U.S. Treasury Department and the Internal Revenue Service (IRS) are looking to close a major tax loophole exploited by large, complex partnerships. The Treasury estimates that this initiative...
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A group called Protecting Americans’ Coverage Together (PACT) is among a group of 70 organizations urging Congress to reject proposals to tax employer-provided coverage. PACT is a coalition that ...
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A report examining how hedge funds use artificial intelligence (AI) to inform trading decisions was released this week by U.S. Sen. Gary Peters (D-MI), chair of the Senate Homeland Security and Go...
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A group of financial industry associations are calling on Congress to pass a bill that seeks to protect vulnerable adults from financial exploitation. The bill in question is called the Financial E...
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Senate Republicans introduced legislation last week that seeks to require funding for the Consumer Financial Protection Bureau (CFPB) to be appropriated by Congress. Currently, the Federal Reserve...
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On Wednesday, the Public Company Accounting Oversight Board (PCAOB) adopted an amendment to update rules and hold people accountable when the contribute to a firms violations. The Responsibility N...
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A new analysis from the U.S. Department of Treasury’s Office of Economic Policy (OEP) has found that American businesses are doing well because they are productively investing their earnings. Th...
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Consumers have saved more than $1 billion in upfront costs on their purchase of more than 150,000 clean vehicles since the start of the year, according to the U.S. Department of the Treasury and the I...
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A bipartisan bill that seeks to help small businesses land government contracts was passed in the U.S. House of Representatives this week. The Small Business Procurement and Utilization Reform (SP...
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On Tuesday, the Securities and Exchange Commission announced it had charged Ilit Raz, founder and CEO of the Artificial Intelligence (AI) recruitment startup Joonko with fraud. According to the SE...
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The Consumer Financial Protection Bureau (CFPB) proposed a new rule that would remove medical bills from most credit reports. Specifically, the proposed rule would: • Remove the exception that...
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Erica Williams was appointed to a second term as chairperson of the Public Company Accounting Oversight Board (PCAOB), the Securities and Exchange Commission announced this week. The new term would...
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A new report from S&P Global Market Intelligence projects that community bank earnings will decline 12 percent this year before rebounding in 2025 and 2026. S&P’s 2024 U.S. Community Bank Market ...
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Newly proposed legislation in Pennsylvania could jeopardize customers’ privacy and become a financial burden for small businesses, the Electronic Payments Coalition (EPC) said Monday. The legisl...
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Flooding in the United States costs between $179.8 and $496.0 billion per year in damages and economic impact, according to the U.S. Congress Joint Economic Committee (JEC). The estimated damages i...
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U.S. Reps. John Moolenaar (R-MI), Zach Nunn (R-IA), and Bill Huizenga (R-MI) introduced a bill to increase Congressional oversight of the Committee on Foreign Investment in the United States (CFIUS). ...
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Three New Yorkers have been accused by the Securities and Exchange Commission of running fraud scheme concerning pre-IPO investments just months after they were shut down for doing the same thing unde...
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