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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The Federal Reserve Bank of New York released the results of its Survey of Consumer Expectations for December. Prepared by the NY Fed’s Center for Microeconomic Data, the survey shows that infla...
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In an effort to continue efforts to track down those who defrauded the government of COVID relief funds, a coalition of lawmakers has introduced legislation to extend the authority of the Special Insp...
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The U.S. Commerce Department’s Economic Development Administration (EDA) awarded $25 million to eight grantees as part of the Good Jobs Challenge. Initially funded by the American Rescue Plan, th...
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A newly introduced bipartisan bill in Congress targets credit repair organizations (CROs) that exploit consumers by charging high fees without delivering on promises to improve credit scores. By st...
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U.S. Reps. Jason Smith (R-MO) and Ron Estes (R-KS) are seeking information from the Social Security Administration commissioner on how beneficiaries will receive their benefits from two repealed progr...
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The U.S. Department of the Treasury released a policy brief on trends in small business capital access and the growth of non-bank financial technology providers in the small business market. The br...
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The Securities and Exchange Commission said it has settled charges against broker-dealer Liquidnet Inc. for failing to have controls and procedures in place for market access. The SEC said the alt...
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U.S. Sen. Jeanne Shaheen (D-NH) reintroduced legislation that would extend enhanced premium tax credits from the Health Care Affordability Act. The legislation, co-sponsored by a group of Democrat...
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The Mortgage Credit Availability Index (MCAI) rose in December, jumping 0.7 percent to 96.6. The Conventional MCAI increased 1.3 percent, while the Government MCAI remained unchanged. Within the Co...
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U.S. Rep French Hill (R-AR), the chairman of the House Financial Services Committee, appointed vice chairs, whip, and subcommittee leaders. Hill named Rep. Bill Huizenga (R-MI) as the committee vi...
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The Financial Data Exchange (FDX) has been recognized as a standard setting body under the Consumer Financial Protection Bureau’s (CFPB) Personal Financial Data Rights rule. The Personal Financi...
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The Conference of State Bank Supervisors (CSBS) announced that 53 state financial regulatory agencies are taking disciplinary action against a mortgage company and its affiliates for deficient cyberse...
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Intercontinental Exchange (ICE), a company that designs, builds and operates digital networks, recently purchased American Financial Exchange (AFX), a self-regulated exchange with more than 240 bank a...
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Final rules establish a program to expand clean energy investments and lower home energy costs were released by the U.S. Department of Treasury Wednesday. The department, along with the IRS, relea...
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