Sixty percent of small business owners and decision makers expect a slight or significant increase in revenue, according to a recent WSFS Bank survey, and many expect to seek financing for purchasing ...
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Mark Uyeda, acting chairman of the Securities and Exchange Commission (SEC), recently launched a crypto task force at the entity. The task force will look to develop a comprehensive and clear regul...
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Republicans on the U.S. House Ways and Means Committee introduced legislation that would cancel the countries involvement in the Organization for Economic Co-operation and Development (OECD) global ta...
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The Managed Funds Association (MFA) recommended four policies for the new acting chairman of the Securities and Exchange Commission (SEC). In a letter to acting SEC Chair Mark Uyeda, MFA suggested ...
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President Donald Trump named Travis Hill as the acting chairman of the Federal Deposit Insurance Corporation (FDIC). Hill previously worked at the FDIC from 2018 to 2022, as deputy to the chairman ...
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In the shadow of the fires devastating southern California, the American Property Casualty Insurance Association (APCIA) and other insurance trade organizations are asking Congress to act on wildfire ...
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President Donald Trump designated Mark T. Uyeda as acting Securities and Exchange Commission (SEC) chairman on Tuesday. Uyeda served during Trump’s first term in the U.S. Department of the Treasu...
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Legislation recently introduced in the U.S. Senate would add a new subsection to Section 6020 of the Internal Revenue Code to prohibiting the Internal Revenue Service from preparing tax returns in una...
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In light of disasters across the country over the past year, U.S. Reps. Laurel Lee (R-FL) and Jared Moskowitz (F-FL) introduced legislation on Jan. 16 that would allow individuals to create tax-free s...
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The National Credit Union Administration (NCUA) released an analysis of statistics for overdraft and non-sufficient funds (NSF) fees. The research note highlighted two main statistical observations...
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U.S. Sen. Cindy Hyde-Smith (R-MS) and U.S. Rep. Andy Barr (R-KY) introduced a bill that seeks to increase the approval for new banks, particularly in rural and underserved areas. The Promoting New ...
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A five-month, U.S. Department of the Treasury pilot program with the Social Security Administration’s Full Death Master File prevented or recovered more than $31 million in fraud and improper paymen...
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The Conference of State bank Supervisors (CSBS) announced that 48 state financial regulators took enforcement action against Block, Inc., for BSA/AML violations. CSBS said that Block violated the B...
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U.S. Sen. Tim Scott (R-SC), chairman of the Senate Committee on Banking, Housing, and Urban Affairs, laid out his legislative and oversight priorities for the 119th Congress. As the first Black ch...
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The U.S. House Financial Services Committee will create a new Monetary Policy, Treasury Market Resilience and Economic Prosperity Task Force, U.S. Rep. French Hill (R-AR), committee chair, said on Jan...
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The U.S. District Court for the Southern District of New York recently filed a consent order against New York-based trust company Gemini Trust Co. LLC, ordering the company to pay a $5 million civil m...
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U.S. Rep. Blake Moore (R-UT) introduced legislation that would update and increase the Child Tax Credit (CTC) and provide a new tax credit for pregnant mothers. Specifically, the Family First Act w...
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The American Bankers Association (ABA) outlined its top policy priorities in its 2025 Blueprint for Growth. The 2025 Blueprint for Growth focuses on three overarching policy priorities: Drive a hea...
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The proposed merger between U.S. Steel Corp. and Japan’s Nippon Steel Corp. has hit a seemingly insurmountable wall, with legal experts citing long odds for success in the face of legal and politica...
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The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit alleging Capital One, N.A., and Capital One Financial Corp., its parent holding company, cheated consumers out of more than $2 ...
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