U.S. Sens. Mark R. Warner (D-VA), Mike Rounds (R-SD). and Cynthia Lummis (R-WY) introduced a bill that seeks to strengthen the nation’s response to financial threats stemming from China. In summ...
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U.S. Sen. Elizabeth Warren (D-MA) is asking federal regulations to reject Wells Fargo’s petition to lift its asset cap. Wells Fargo’s recent appeal came days after an enforcement action from t...
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Utah Attorney General Sean Reyes is leading a coalition of 18 states to challenge the Securities Exchange Commission’s (SEC) attempt to regulate cryptocurrencies with policies that may contradict st...
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The U.S. Department of the Treasury and the IRS released final regulations to help entities that co-own clean energy projects access clean energy tax credits through elective pay, also called direct p...
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A survey of banks conducted by the Consumer Bankers Association (CBA) looks at how the Consumer Financial Protection Bureau’s (CFPB) proposed rule on overdraft would impact consumers. The survey ...
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The Federal Deposit Insurance Corporation (FDIC) is extending the public comment period for its proposed rule on recordkeeping for custodial accounts by 45 days. On Sept. 17, the FDIC proposed a r...
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U.S. Sens. Susan Collins (R-ME) and Bill Cassidy, M.D. (R-LA) are seeking answers from the Bureau of Labor Statistics (BLS) on its consistent failures to produce accurate national jobs data. Each m...
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U.S. Sens. Catherine Cortez Masto (D-NV) and Marsha Blackburn (R-TN) introduced a bill that seeks to streamline tax filing and payment for individuals and small businesses. The Tax Administration S...
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U.S. Rep. French Hill (R-AR) is seeking comments on a set of principles he developed that support a growing community banking industry. “The House Financial Services Committee has not had a forme...
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U.S. Rep. Vern Buchanan (R-FL) is leading an effort to call on Congressional leadership to provide new funding to replenish the Small Business Administration’s (SBA) disaster loan program. After ...
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The U.S. Federal Reserve Board invited comment this week on a report that examines the impact of a proposed international capital standard (ICS) for large international insurance groups. Specifical...
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A new survey released by the Federal Deposit Insurance Corporation (FDIC) found that almost 96 percent of Americans had bank accounts in 2023. The 2023 FDIC National Survey of Unbanked and Underban...
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The Federal Reserve Board took action against a former executive at Nano Financial Holdings, Inc. and Nano Banc for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Reli...
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A new survey from the Mortgage Bankers Association (MBA) shows that commercial and multifamily mortgage loan originations increased 59 percent in the third quarter of 2024 compared to a year ago. T...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned a Chinese today public accounting firm for repeated violations of PCAOB rules and for failing to cooperate with an investigation. Sp...
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The Consumer Financial Protection Bureau (CFPB) fined Navy Federal Credit Union $95 million for allegedly charging illegal overdraft fees. The CFPB said that from 2017 to 2022, Navy Federal charge...
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PNC Bank plans to open more than 100 additional new branches and renovate 200 more existing locations across the country. Through this $500 million investment, PNC will now expand its branch netwo...
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IBC Bank is forming a strategic partnership with Finanta, financial technology company the specializes in commercial lending. Through this partnership, Texas-based IBC will integrate Finanta's adv...
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Los Angeles-based American Plus Bank is acquiring the Long Beach, Calif. branch of United Fidelity Bank, which currently does business as International City Bank. American Plus Bank will acquire al...
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A new report examines how artificial intelligence (AI) is viewed within the alternative investment community by General Partners (GPs) and Limited Partners (LPs). The report, called An Inside Look ...
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