MISMO, the real estate finance industry's standards organization, is seeking public comment on the Loan Boarding Data Segment. The Loan Boarding Data Segment (LBDS) is the first published subset of...
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Chicago-based CME Group Inc. plans to launch a second BrokerTec central limit order book (CLOB) for cash U.S. Treasuries during the third quarter, the financial services company said March 20. The ...
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SmartBiz has acquired United Community Bancshares and its subsidiary, Centrust Bank, a Chicago-based community bank. The combined company will be renamed SmartBiz Bank and operate under the bank h...
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The U.S. Department of Agriculture (USDA) is issuing up to $10 billion to agricultural producers through the Emergency Commodity Assistance Program (ECAP) for the 2024 crop year. The ECAP, adminis...
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The Independent Community Bankers of America (ICBA) elected Jack E. Hopkins, CorTrust Bank CEO and president, chairman on Friday at the ICBA LIVE event in Nashville. Hopkins will serve for the 2025-26...
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Legislation re-introduced in both houses of Congress would provide caregivers with a tax credit of up to $5,000, if passed. The bill, the Credit for Caring Act, sponsored by U.S. Sens. Shelley Moo...
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U.S. Reps. Randy Feenstra (R-IA) and Angie Craig (D-MN) introduced legislation that seeks to enhance crop insurance protections for farmers, particularly beginning farmers. Specifically, the Crop ...
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The U.S. Securities and Exchange Commission (SEC) approved a six-month extension of the compliance dates for “names rule.” The names rule, adopted in September 2023, addresses fund names likel...
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Bipartisan legislation was introduced in the U.S. House of Representatives last week that seeks to increase the amount of capital available to small businesses. The Investing in All of America Act ...
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A bipartisan coalition led by U.S. Sens. Mark Warner (D-VA), Peter Welch (D-VT), Roger Marshall (R-KS) and Bill Cassidy (R-LA) introduced legislation this week to limit abusive pricing practices by ph...
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Mortgage applications in February dropped 6.9 percent compared February 2024, according to the Mortgage Bankers Association (MBA) Builder Application Survey data. The survey tracks application volu...
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Legislation proposed by U.S. Sen. Ron Wyden (D-OR), and U.S. Reps. Deborah Ross (D-NC) and Kathy Caster (D-FL) would create criminal penalties for health insurance brokers who change Americans’ Affo...
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U.S. Rep. Darin LaHood (R-IL) applauded the passage of the bipartisan Pandemic Unemployment Fraud Enforcement Act, which passed out of the House of Representatives by a vote of 295 to 127. This bi...
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The Independent Community Bankers of America (ICBA) is urging policymakers to end unwarranted federal tax subsidies for the nation’s largest credit unions. It follows a new policy initiative that...
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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a geographic targeting order (GTO) to further combat money laundering, drug cartels and other illi...
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U.S. Sen. Cynthia Lummis (R-WY) introduced legislation to establish a strategic Bitcoin reserve to serve as an additional store of value to bolster the federal government’s balance sheet. Specifi...
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U.S. Reps. Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-FL) introduced a bill that would immediately cap credit card interest rates at 10 percent. The bill (H.R. 1944) states that the ...
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Bi-cameral legislation re-introduced by Democrats would lower the cost of housing and address the housing shortage, law makers said. U.S. Sens. Elizabeth Warren (D-MA) and Raphael Warnock (D-GA) ...
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Visa, a digital payment technology company, recently announced a new department focused on identifying and stopping complex scams as they emerge. Visa Scam Disruption (VSD) leverages Visa’s deep ...
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U.S. Rep. Scott Perry (R-PA) introduced bipartisan legislation to repeal the 45Q tax credit for carbon capture and sequestration. The 45Q Repeal Act (H.R. 1946) -- the carbon oxide sequestration cr...
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