The U.S. Department of the Treasury issued a report on the achievements during the first two years of the State Small Business Credit Initiative (SSBCI). The program, reauthorized and expanded by t...
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The Securities and Exchange Commission (SEC) filed fraud charges against a former executive at an asset management firm. The SEC charged Stephen Kenneth Leech, the former co-chief investment office...
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The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will help the agency ensure that nonbank companies offering digital funds transfer and payment wallet apps follow the sam...
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The Blockchain Association outlines its priorities for the upcoming Trump administration. The association, representing nearly 100 members, recently sent a letter to President-elect Donald Trump an...
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A new survey from the American Bankers Association shows a rise in the use of mobile apps for online banking. The survey, conducted by Morning Consult, said that 55 percent of bank customers use ap...
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The Securities and Exchange Commission announced it had filed 583 enforcement actions during the 2024 fiscal year, and obtained a record $8.2 billion in remedies. The commission said its actions r...
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A bipartisan resolution recently introduced in the U.S. House of Representatives recognizes the 100th anniversary of mutual funds. Massachusetts Investors Trust launched the first modern mutual fun...
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The U.S. Treasury Department announced last week, on the 30th anniversary of the establishment of the Community Development Financial Institutions (CDFI) Fund, that it is awarding $76 million in Techn...
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A coalition of financial industry trade associations are calling on the Federal Deposit Insurance Corporation (FDIC) to withdraw a proposal concerning brokered deposits. The proposed changes to th...
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A bipartisan bill that would remove the tax-exempt status of U.S.-based organizations found to be materially supporting terrorist organizations passed the U.S. House of Representatives on Nov. 21. ...
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During in fiscal year 2024, the U.S. Securities and Exchange Commission (SEC) initiated 80 enforcement actions against public companies and subsidiaries. While this is 12 percent less than 2023, it is...
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A newly introduced bipartisan resolution in Congress would block the implementation of a recent tax credit rule that applies to the production of component parts and critical minerals used in clean en...
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U.S. Sens. Mark R. Warner (D-VA), Mike Rounds (R-SD). and Cynthia Lummis (R-WY) introduced a bill that seeks to strengthen the nation’s response to financial threats stemming from China. In summ...
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U.S. Sen. Elizabeth Warren (D-MA) is asking federal regulations to reject Wells Fargo’s petition to lift its asset cap. Wells Fargo’s recent appeal came days after an enforcement action from t...
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Utah Attorney General Sean Reyes is leading a coalition of 18 states to challenge the Securities Exchange Commission’s (SEC) attempt to regulate cryptocurrencies with policies that may contradict st...
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The U.S. Department of the Treasury and the IRS released final regulations to help entities that co-own clean energy projects access clean energy tax credits through elective pay, also called direct p...
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Legislation recently introduced in the U.S. House of Representatives would provide economic support for Louisiana farmers. The Farmer Assistance and Revenue Mitigation Act would provide farmers wit...
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Chinese-based BIT Mining Ltd., formerly known as 500.com Limited, an online sports lottery service provider, recently agreed to pay a $4 million civil penalty to resolve charges it violated the Foreig...
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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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