The Federal Deposit Insurance Corporation (FDIC) is rolling out a new online tool to help financial institutions, investors, and others to identify neighborhoods that could benefit from banking servic...
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The Public Company Accounting Oversight Board (PCAOB) published a supplement that provides audit firms with additional guidance regarding remediation. The supplement to its Staff Guidance Concernin...
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The November 2024 ICE Mortgage Monitor Report, produced by the Intercontinental Exchange, found that mortgage holders withdrew $48 billion of home equity in the third quarter. This was the largest...
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The Treasury Department’s Community Development Financial Institutions Fund and the Federal Housing Finance Agency (FHFA) have established a new working group. The CDFI Fund-FHFA Working Group wi...
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A group of Democratic lawmakers recently expressed concerns that Medicare Advantage (MA) is failing to meet its standards. Medicare Advantage is an optional, private insurance alternative to tradit...
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Republican members of the House Financial Services Committee, led by Chair Patrick McHenry (R-MC), provided their input for federal banking regulators on bank-fintech partnerships. In a letter to r...
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The Consumer Financial Protection Bureau (CFPB) fined VyStar Credit Union for its botched rollout of a new online banking system. In May 2022, VyStar transitioned to a new online banking platform t...
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The U.S. Department of the Treasury launched an initiative that identifies objectives and recommendations for policymakers, industry, employers, and community organizations on safe financial products ...
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U.S. Sens. Mike Rounds (R-SD) and Angus King (I-ME) are leading a bipartisan effort to urge the Department of Labor (DOL) and the Department of Homeland Security (DHS) to release the maximum allowable...
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A group of House Republicans are requesting that the Federal Deposit Insurance Corporation (FDIC) provide a briefing on recent changes impacting asset management firms. Specifically, they would lik...
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U.S. Sen. Thom Tillis (R-NC) is among a group of Republican senators that are introducing legislation to replenish the Small Business Administration (SBA) Disaster Loan Program. In mid-October, t...
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The U.S. Department of the Treasury issued a final rule on an executive order related to national security threats from countries of concern. The rule implements executive order 14105, which is cal...
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The Commodity Futures Trading Commission (CFTC) took a civil enforcement action against a firm for allegedly operating a commodity pool scheme. The legal action was filed in the U.S. District Court...
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The Securities and Exchange Commission (SEC) adopted rules recently designed to improve the resilience of covered clearing agencies. The SEC’s actions include rule amendments that establish new ...
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The Bank Policy Institute (BPI) and Kentucky Bankers Association filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) over a rule that governs financial data protection. The laws...
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The Financial Industry Regulatory Authority (FINRA) published a new report on how the virtual metaverse could impact business models and processes. The report, titled "The Metaverse and the Implicati...
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A new white paper issued by the Mortgage Bankers Association (MBA) finds that reforms are needed to modernize Section 8 housing laws. The paper, called “RESPA at 50: Key Reforms to RESPA Section 8 ...
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Intercontinental Exchange (ICE) and Dun & Bradstreet are launching a new climate risk data service for privately held companies. The service will provide transition risk data, including Greenhous...
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The National Federation of Independent Business (NFIB) is one of several organizations that filed a lawsuit in Montgomery County, Maryland, over the county’s gas ban on new construction. NFIB filed...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued final rules for the Advanced Manufacturing Investment Credit (CHIPS ITC) created through the CHIPS and Science Act. ...
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