The U.S. House of Representatives passed a continued resolution to overturn the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft fees. The resolution passed the Senate last ...
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Legislation introduced by U.S. Sens. Thom Tillis (R-NC) and Raphael Warnock (D-GA) would modernize the taxation of debt investments held by life insurers, officials said. The legislation, the Secu...
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Financial institutions filed 1,246 Bank Secrecy Act (BSA) reports identifying suspected fentanyl-related activity in 2024, according the U.S. Department of the Treasury’s Financial Crimes Enforcemen...
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U.S. Reps. Andy Barr (R-KY) and Ritchie Torres (D-NY) introduced legislation that would prohibit federal banking regulators from using “reputational risk” as a justification to deny financial serv...
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Community bankers’ confidence in future business conditions is decreasing, according to the Community Bank Sentiment Index’s (CBSI) first quarter 2025 results. The Conference of State Bank Supe...
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Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), praised a new policy by the Justice Department policy that ends the practice of regulation by prosecution in the digital...
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U.S. Rep. French Hill (R-AR) introduced a bill this week that would update the contribution rules for Health Savings Accounts (HAS). The HSA Spouse Catch-Up Act, cosponsored by Rep. Greg Steube (R...
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Insurance group the American Property Casualty Insurance Association (APCIA) weighed in on proposed Texas legislation that would change its insurance marketplace recently, saying the state can improve...
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There was a notable cooling in the growth of home prices in March, according to the latest ICE Home Price Index (HPI), produced by the Intercontinental Exchange. Data shows that annual home price ...
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Banking customers are overwhelmingly pleased with their banks according to a new survey conducted by Morning Consult for the American Bankers Association (ABA). The survey found that 89 percent of ...
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Activist investment firm Ancora Holdings Group LLC on Monday said it filed a proxy statement with the U.S. Securities and Exchange Commission to nominate nine candidates for election to U.S. Steel’s...
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The U.S. Department of Housing and Urban Development (HUD) has informed grantees and stakeholders that federal housing assistance will no longer be granted to illegal aliens or sanctuary cities. H...
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The Commodity Futures Trading Commission (CFTC) has tapped Rahul Varma to serve as the acting director of the Division of Market Oversight (DMO). “Rahul has ably served the CFTC for more than a d...
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As markets continued to fall in reaction to President Donald Trump’s tariffs, U.S. Sen. Elizabeth Warren (D-MA) and Senate Banking Committee Democrats called on Republicans to stop Trump’s use of ...
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A bill that would prevent the Federal Reserve from issuing a central bank digital currency (CBDC) was passed out of the House Financial Services Committee last week. The Anti-CBDC Surveillance Stat...
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Several Democratic members of Congress raised concerns about the economic impact of the extending the 2017 tax law passed during President Donald Trump’s first term. Citing an estimate from the J...
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The U.S. House of Representatives recently passed the bipartisan Disaster Related Extension of Deadlines Act that ensures disaster victims are eligible for tax refunds and credits for three years afte...
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The Securities and Exchange Commission (SEC) has charged three individuals with creating false documents for investors. The charges were filed against Randall “Randy” Miller, Chad Miller, and J...
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Bipartisan legislation recently introduced in the U.S. Senate would reform the Supplemental Security Income (SSI) program for the first time in 40 years. The SSI Savings Penalty Elimination Act wou...
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The Conference of State Bank Supervisors (CSBS) expressed its concerns about legislation in Congress related to stablecoins. In a letter to the leaders of the House Financial Services Committee, CS...
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