The U.S. Court of Appeals for the Fifth Circuit on Dec. 26 reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order i...
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Credit union loans increased 0.4 percent in October, according to America’s Credit Unions’ latest Monthly Credit Union Estimates. The 0.4 percent increase is that same as it was in September of...
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A newly proposed bill in Congress would modernize the deposit insurance framework for business payment accounts to better support America’s small businesses. U.S. Rep. Maxine Waters (D-CA), the t...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued the final regulations for reporting requirements for DeFi brokers. DeFi brokers are front-end service providers int...
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The total number of loans now in forbearance increased to 0.50 percent at the end of November, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. MBA estimates ...
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A group of U.S. Congress members urged the Federal Housing Finance Agency to direct Fannie Mae and Freddie Mac (the Enterprises) to establish a clearer process to report maintenance, safety and other ...
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The Federal Reserve Board will seek public comment on changes to improve the transparency of its bank stress tests and reduce the volatility of capital buffer requirements. The stress tests evaluat...
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Two pieces of legislation were introduced earlier this month that address credit union. The Expanding Financial Access for Underserved Communities Act would help provide financial access to America...
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The Consumer Financial Protection Bureau (CFPB) recently sued Bank of America, JPMorgan Chase, Wells Fargo and Early Warning Services, a financial technology and consumer reporting company co-owned by...
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The Financial Industry Regulatory Authority (FINRA0 has ordered three financial firms to pay more than $8.2 million in restitution to customers. FINRA found that the three companies -- Edward Jones...
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U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) raised concerns with the Federal Reserve about the growing risks posed by the private credit market. In a letter to Federal Reserve Chair Jerom...
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Amendments to the Customer Protection Rule would require certain broker-dealers to increase the number of times broker-dealers compute the net cash they owe, officials with the Securities and Exchange...
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Companies across America would have the ability to contribute to the Health Savings Accounts (HSAs) of independent contractors without making them full-time employees under legislation being drafted b...
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North Dakota Department of Financial Institutions Commissioner Lise Kruse was appointed by the Conference of State Bank Supervisors to serve on the Financial Stability Oversight Council (FSOC). Kru...
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A bipartisan bill introduced on Dec. 19 in Washington, D.C., aims to streamline processes, reduce cost-burdens for rural homeowners and small developers, and provide affordable housing incentives in A...
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The U.S. Department of the Treasury released a report that offers recommendations based on the feedback from a request for information (RFI) on the Uses, Opportunities, and Risks of Artificial Intelli...
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U.S. Sens. Ron Wyden (D-OR), Jon Ossoff (D-GA), and Raphael Warnock (D-GA) are urging the Government Accountability Office (GAO) to investigate the costs of implementing the Georgia Pathways to Covera...
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The Securities and Exchange Commission approved the Public Company Accounting Oversight Board’s nearly $400 million 2025 budget this week, as well as its related annual accounting support fee. ...
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Newly introduced legislation on Capitol Hill would implement a residence-based taxation system for U.S. citizens currently living overseas. The Residence-Based Taxation for Americans Abroad Act, H....
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U.S. Sen. Elizabeth Warren (D-MA) is among a group of senators seeking more information on a real estate company that recently shut down. The company, called EasyKnock, recently closed its doors o...
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