U.S. Rep. French Hill (R-AR), chairman of the House Committee on Financial Services, introduced legislation that seeks to provide community banks the ability to attract custodial deposits. The Com...
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U.S. Sens. Ron Wyden (D-OT) and Bernie Sanders (I-VT) introduced legislation that would reverse the cuts made to Social Security by the Trump Administration. The Keep Billionaires Out of Social Sec...
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Two men were charged with conspiracy to commit securities fraud and wire fraud, securities fraud and wire fraud for their connection to a securities fraud scheme, according to a recently unsealed indi...
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Investment bank Piper Sandler Companies announced it had acquired G Squared Capital Partners last week. Washington, D.C.-based G Squared is an investment bank specializing in government services a...
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U.S. Rep. Delia Ramirez (D-IL), with the support of members of the Patriotic Millionaires, introduced legislation in the House that seeks to make the tax code more equitable. Her bill, the Equal Ta...
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Ohio-based F&M Bank, an independent community bank serving communities in Ohio, Michigan and Indiana, recently promoted Curtis Metz to Northern Indiana market president, effective in the next few week...
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The Mortgage Industry Standards Maintenance Organization (MISMO) has updated its consumer-facing charge and fee naming guide. This update includes a comprehensive guide and the addition of more tha...
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U.S. Sens. Mike Rounds (R-SD) and Mark Warner (D-VA) introduced a bill this week that seeks to modernize outdated rules on reciprocal deposits. Reciprocal deposits allow community banks to offer ...
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The U.S. Department of the Treasury is launching a new initiative with the U.S. General Services Administration (GSA) called the Savings Award for Verified Efficiencies (SAVE) Program. This initia...
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The Securities and Exchange Commission (SEC) recently appointed James Moloney to be the next Division of Corporation Finance director, effective in October. Moloney previously served at the SEC fro...
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According to the NFIB Small Business Optimism Index, small business owners’ optimism has improved to nearly three points above the 52-year average, but labor issues remain a key concern. The sur...
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U.S. Sen. Mike Rounds (R-SD) introduced legislation this week to expand the holding period for merchant banking investments from 10 to 15 years. In 2001, per the Bank Holding Company Act of 1956, t...
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U.S. Rep. Roger Williams (R-TX), chair of the House Committee on Small Business, said the one piece of legislation considered this week was approved out of committee. Williams said HR 5100, a bill...
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American Bankers Association (ABA) executive Hugh Carney testified this week before the House Financial Services Subcommittee on Financial Institutions during a hearing on the banking industry. Spe...
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The Securities and Exchange Commission’s (SEC) Crypto Task Force will be hosting a public roundtable on financial surveillance and privacy on Oct. 17 from 1 p.m. to 4 p.m. at SEC headquarters. "T...
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U.S. Reps. Jen Kiggans (R-VA) and Tom Suozzi (D-NY) introduced legislation to extend the enhanced Premium Tax Credit established by the Affordable Care Act. The enhanced Premium Tax Credit – est...
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The North American Securities Administrators Association (NASAA), the oldest international organization devoted to investor protection, recently released its annual report. The report covers the s...
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A group of food industry associations are urging Congressional leaders to prohibit additional fees from being levied for Supplemental Nutrition Assistance Program (SNAP) electronic benefit transfer (E...
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The U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) announced it was taking action to end debanking within the federal banking system. The actions come after Pr...
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Pittsburgh-based PNC Financial Services Group, one of the largest diversified financial services institutions in the United States, recently entered into a definitive agreement to purchase Colorado-ba...
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