The Federal Housing Finance Agency (FHFA) recently announced it is raising the multifamily loan purchase cap for Fannie Mae and Freddie Mac to $73 billion, a more than 4 percent spike from 2024. At le...
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Bipartisan legislation recently introduced in Congress would provide an above-the-line deduction for flood insurance premiums to help keep them affordable for Americans. “To keep families from ...
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A survey of banks conducted by the Consumer Bankers Association (CBA) looks at how the Consumer Financial Protection Bureau’s (CFPB) proposed rule on overdraft would impact consumers. The survey ...
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The Federal Deposit Insurance Corporation (FDIC) is extending the public comment period for its proposed rule on recordkeeping for custodial accounts by 45 days. On Sept. 17, the FDIC proposed a r...
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U.S. Sens. Susan Collins (R-ME) and Bill Cassidy, M.D. (R-LA) are seeking answers from the Bureau of Labor Statistics (BLS) on its consistent failures to produce accurate national jobs data. Each m...
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Newly proposed legislation on Capitol Hill would nullify certain interagency guidance pertaining to climate-related financial risk management for large financial institutions. U.S. Rep. Troy Balder...
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The bipartisan BRIDGE for Workers Act, which will expand job placement services to all unemployment insurance claimants, is headed to President Joe Biden’s desk to be signed into law. Formally kn...
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There are disparities between how lenders treat Black and white small-business owners seeking loans, according to a recent Consumer Financial Protection Bureau (CFPB) study. Trained individuals pos...
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U.S. Sens. Catherine Cortez Masto (D-NV) and Marsha Blackburn (R-TN) introduced a bill that seeks to streamline tax filing and payment for individuals and small businesses. The Tax Administration S...
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California Department of Insurance took steps this week to ensure Californians in wildfire-distressed areas have access to insurance. According to California Insurance Commissioner Ricardo Lara Th...
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U.S. Rep. French Hill (R-AR) is seeking comments on a set of principles he developed that support a growing community banking industry. “The House Financial Services Committee has not had a forme...
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A proposed Federal Trade Commission (FTC) settlement would require H&R Block to make multiple changes for the 2025 tax filing season as well as long-term changes. In February, the FTC filed an admi...
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Two Pennsylvania-based credit unions, Beaver Valley Federal Credit Union and Clearview Federal Credit Union, will merge, effective June 2, 2025. The credit unions will collaborate on the integrati...
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U.S. Rep. Vern Buchanan (R-FL) is leading an effort to call on Congressional leadership to provide new funding to replenish the Small Business Administration’s (SBA) disaster loan program. After ...
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The Office of the Comptroller of the Currency (OCC) named two new deputy comptrollers for large bank supervision on Wednesday. Kevin Greenfield, an acting deputy comptroller for large bank supervi...
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The U.S. Federal Reserve Board invited comment this week on a report that examines the impact of a proposed international capital standard (ICS) for large international insurance groups. Specifical...
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Privacy protections for financial information in many states lags behind safeguards in other sectors of the economy, according a recent Consumer Financial Protection Bureau (CFPB) report. The repor...
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A new survey released by the Federal Deposit Insurance Corporation (FDIC) found that almost 96 percent of Americans had bank accounts in 2023. The 2023 FDIC National Survey of Unbanked and Underban...
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The U.S. House of Representatives on Tuesday voted 327-75 to pass the Social Security Fairness Act, bipartisan legislation that would repeal provisions that reduce Social Security benefits for individ...
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The Federal Reserve Board took action against a former executive at Nano Financial Holdings, Inc. and Nano Banc for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Reli...
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