The U.S. Senate passed a resolution last week to overturn the Consumer Financial Protection Bureau’s (CFPB) rule that would cap overdraft fees at $5 for large banks and credit unions. The overdr...
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The U.S. Senate Committee on Small Business and Entrepreneurship advanced two bills aimed at helping rural small businesses this week. U.S. Sen. Joni Ernst (R-IA), chair of the committee, said the...
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The Securities and Exchange Commission (SEC) voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. “The goal of today’s Commission ac...
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President Donald Trump issued an executive order that seeks to mandate a transition to electronic payments for all Federal disbursements and receipts. The order states that the use of paper-based ...
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U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) are sponsoring legislation designed to bring regulatory clarity to the digital asset ecosystem. Currently, securities laws do not distinguish betw...
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Small-business owners’ confidence dropped to 62.3 from 69.1 during the first quarter in all business categories, according to the MetLife and U.S. Chamber of Commerce Small Business Index. The qu...
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U.S. Reps. Bryan Steil (R-WI) and French Hill (R-AR) introduced legislation aimed at establishing a framework for dollar-denominated payment stablecoins in the United States. Steil, the chair of t...
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Credit conditions in the U.S. have worsened for the first time in five months and are expected to weaken over the next six months, according to the American Bankers Association’s Credit Conditions I...
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The Securities and Exchange Commission’s (SEC) Crypto Task Force plans to hold four roundtables this spring as part of its ongoing series on crypto asset regulation. “The Crypto Task Force roun...
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A new report from the American Investment Council and Ernst & Young examines the impact of private equity investments on the economy. Nationally, private equity directly employed 13.3 million work...
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As President Donald Trump’s Executive Orders continue to gut federal programs, U.S. Sens. Maria Cantwell (D-WA) and Lisa Blunt Rochester (D-DE) are urging U.S. Commerce Secretary Howard Lutnick to p...
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Several financial industry groups, including the Independent Community Bankers of America (ICBA) are warning federal lawmakers not to intervene in the U.S. credit card market. The groups cited prop...
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The Tipped Employee Protection Act of 2025 would amend the Federal Labor Standards Act to remove interpretive language in the definition of a tipped employee. It also would restrict judges or bureaucr...
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Corporate and industry leaders from the financial services, energy and technology sectors are urging Congress to reauthorize the Cybersecurity Information Sharing Act before it expires on Sept. 30. ...
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The Office of the Comptroller of the Currency (OCC) will no longer examine its regulated institutions for reputation risk and have removed references to reputation risk from its handbooks and guidance...
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The U.S. Small Business Administration (SBA) is undergoing an agency-wide reorganization that will result in a 43 percent reduction in its workforce. The staff reduction will eliminate those roles ...
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The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that eliminates the requirement for U.S. companies and persons to report beneficial ownership information (BOI). Speci...
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The U.S. District Court for the District of Arizona issued a default judgement against Debiex Friday, according to the Commodity Futures Trading Commission (CFTC). The order found Debiex liable fo...
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U.S. Rep. Lloyd Smucker (R-PA) and U.S. Sen. James Lankford (R-OK) are urging the Trump administration to address issues that have negatively impacted the unemployment insurance (UI) system. The l...
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Mississippi-based BankFirst Capital Corp., the parent company of BankFirst Financial Services, and Mississippi-based The Magnolia State Corp., recently signed a definitive merger agreement. Under t...
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