The Federal Reserve Board is seeking feedback on a proposal to reduce the volatility of the capital requirements and change the bank annual stress test. It is part of the Fed’s commitment to make...
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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is sanctioning Shandong Shengxing Chemical Co., a “teapot” refinery company in China for its role in purchasing more than $...
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Arkansas recently became the first state in the country to request permission from the U.S. Department of Agriculture to ban purchases of soda and candy from the Supplemental Nutrition Assistance Prog...
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The Securities and Exchange Commission’s (SEC) Crypto Task Force will host a roundtable on April 25. The roundtable, Know Your Custodian: Key Considerations for Crypto Custody, is part of a serie...
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The Mortgage Bankers Association (MBA) voiced its support for the Federal Housing Administration’s (FHA) adoption of new loss mitigation safeguards. In January, HUD published a new permanent set ...
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The recent acquisition of Lewis and Clark bank by Maps Credit Union has renewed calls from the Independent Community Bankers of America (ICBA) to end the federal tax-exempt status of credit unions. ...
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Nasdaq Stock Market’s Listing Qualifications Department recently extended the timeframe for La Rosa Holdings Corp., the holding company for six real estate segments, to regain compliance under Nasda...
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Federal regulators have paused certain appraisal requirements for real estate-related transactions in Los Angeles County due to wildfires. This step was taken to help facilitate recovery efforts fr...
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U.S. Secretary of Housing and Urban Development Scott Turner joined U.S. Sen. Tim Scott (R-SC) in a visit to an affordable housing development project in Charleston, S.C. The housing project, One8...
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S&P Global and CME Group sold its joint venture, OSTTRA, to private equity firm KKR in a deal valued at $3.1 billion. OSTTRA is a leading provider of post-trade solutions for the global OTC market...
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The Securities and Exchange Commission (SEC) recently released two reports that update investors about registered investment companies and money market funds. The Annual Registered Investment Com...
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A bipartisan group of Congress members, led by U.S. Rep. Lloyd Smucker (R-PA), has introduced legislation that seeks to protect seniors who enroll in Medicare Part B after their COBRA coverage ends. ...
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The Delaware Department of Insurance announced on Monday that Liberty Mutual has paid a penalty of $300,000 across three member companies, with an express stipulation that an additional $200,000 must ...
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U.S. Sens. Elizabeth Warren (D-MA) and Raphael Warnock (D-GA) are raising concerns about what they call the Trump Administration’s escalating efforts to dismantle the nation’s independent economic...
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U.S. Sen. Tim Scott (R-SC) introduced legislation that seeks to expand credit access for Americans with limited or non-existent credit histories. The Credit Access and Inclusion Act, S. 1465, would a...
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U.S. Reps. Lloyd Doggett (D-TX) and Mike Kelly (R-PA) have introduced bipartisan legislation aimed at improving access to college financial assistance. The legislation, H.R. 2543, would make any port...
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Activist investor firm Ancora Holdings Group and Chairman and CEO Fred DiSanto on April 7 filed a lawsuit against U.S. Steel Corp. in Ohio’s Cuyahoga County Court of Common Pleas for making defamato...
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U.S. Sen. John Kennedy (R-LA) and U.S. Rep. Andy Barr (R-KY) introduced a joint resolution of disapproval to nullify a final rule issued by the Office of the Comptroller of the Currency (OCC) related ...
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A coalition of U.S. senators is asking the U.S. Department of Justice (DOJ) to reverse course on its recent decision to disband the National Cryptocurrency Enforcement Team (NCET). In an April 10 let...
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U.S. Sens. Jack Reed (D-RI) and Bill Hagerty (R-TN) introduced legislation that seeks to reduce spam calls, texts, and emails from irresponsible players in the mortgage industry. The Homebuyers Priva...
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