The U.S. Securities and Exchange Commission (SEC) approved an order that will permit in-kind creations and redemptions for crypto asset exchange-traded product (ETP) shares. The approval represents...
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U.S. Sens. Tim Scott (R-SC) and Elizabeth Warren (D-MA), the leaders of the Senate Banking Committee, introduced a bipartisan legislative package that seeks to boost the nation’s housing supply. ...
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Legislation introduced by U.S. Sens. Jacky Rosen (D-NV) and Jerry Moran (R-KS) would help student veterans secure jobs and increase their skills. The Hire Student Vets Act would incentivize employ...
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Bipartisan legislation recently introduced in the U.S. Senate would examine the federal government’s financial ability to respond to potentially catastrophic events. The Fiscal Contingency Prepar...
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U.S. Sens. Susan Collins (R-ME) and Peter Welch (D-VT) led a bipartisan effort to exempt U.S.-owned small businesses from tariffs imposed on Canada. The senators introduced a bill called the Creati...
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In 2024, total originations of closed-end home equity loans and open-ended home equity lines of credit (HELOCs) grew 7.2 percent compared to 2023, according to the recent Mortgage Bankers Association...
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U.S. Rep. Roger Williams (R-TX) introduced the House version of the Investing in National Next-Generation Opportunities for Venture Acceleration and Technological Excellence (INNOVATE) Act. The ...
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The Independent Community Bankers of American (ICBA) said on Tuesday that it is strongly opposed to Nissan’s application to form a financial institution receiving federal deposit insurance without r...
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After being personally and/or professionally impacted by a natural disaster, 37 percent of Americans have experienced fraudulent activity, according to a recent survey conducted on behalf of the Ameri...
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Legislation that would provide smaller nonprofits with the ability to offer retirement plans was introduced in Congress last week. U.S. Reps. Vern Buchanan (R-FL), Jimmy Panetta (D-CA), Blake Moor...
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U.S. Sen. Tim Scott (R-SC) led a group of senators in introducing legislation that seeks to clarify that the enforcement of the insurance industry remains with state regulators, as opposed to the Cons...
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Pennsylvania Attorney General Dave Sunday is among a coalition of 32 attorneys general that are urging Congress to pass the SAFER Banking Act of 2025. In a letter to congressional leaders, Sunday ...
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U.S. Reps. Lloyd Smucker (R-PA) and Mike Kelly (R-PA) are urging Internal Revenue Services (IRS) Commissioner Billy Long to reconsider a rule that seeks to crack down on partnership “basis-shifting...
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Bipartisan legislation recently introduced in the U.S. Senate would help taxpayers who have had paper checks from the U.S. Department of Treasury lost in the mail or stolen to receive payment by elect...
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Pinnacle Financial Partners is acquiring Synovus Financial Corp. in an all-stock transaction valued at $8.6 billion, creating one of the largest regional banks in the Southeast. The combined compan...
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U.S. Sens. Tim Scott (R-SC), Lisa Blunt Rochester (D-DE), Bernie Moreno (R-OH) and Andy Kim (D-NJ) are pushing to increase private investment into affordable housing and other community development pr...
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U.S. Sens. Todd Young (R-IN) and Rand Paul (R-KY) introduced a bill that would effectively audit the Federal Reserve banking system. The Federal Reserve Transparency Act would require a full audit ...
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Adam Temple, senior vice president for advocacy for the National Federation of Independent Business (NFIB), a nonprofit small business advocacy organization, recently sent a letter to the U.S. House o...
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Legislation that would require federal agencies to analyze the threats to national security posed by the national debt was introduced by U.S. Sen. Bill Cassidy, M.D. (R-LA) on Tuesday. The Nationa...
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The San Francisco Federal Credit Union is acquiring Oakland-based Summit Bank in an all-cash transaction. The acquisition strengthens the credit union’s ability to provide financial solutions f...
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