Federal financial regulators set the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements last week. The new threshold will increase from $32,400 to $3...
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The Federal Reserve Bank of New York released a report this week that nearly one in ten properties in the tristate New York, New Jersey, and Connecticut area are at high risk of flooding. The repo...
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The recent acquisition of 1st Bank Yuma by OneAZ Credit Union is the 17th acquisition of a community bank by a credit union this year – a single year record, and the Independent Community Bankers of...
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U.S. Sens. Tim Scott (R-SC) and Mike Rounds (R-SD) are seeking answers from the Federal Reserve Bank of New York on reports about faulty anti-money laundering controls on account relationships with th...
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Regulations are the primary concern of community bankers, according to the 2024 Conference of State Bank Supervisors (CSBS) Annual Community Bank Survey. Community banks, according to the survey, als...
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The Federal Deposit Insurance Corporation (FDIC) released the 2024 Small Business Lending Survey Report (SBLS) this week, which features insights into small business lending practices. The SBLS gathe...
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U.S. Reps. Don Bacon (R-NE) and Marie Gluesenkamp Perez (D-WA) recently introduced bipartisan legislation that seeks to reverse federal law to report medical payments on credit reports. Currently, ...
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The Commodity Futures Trading Commission (CFTC) recently settled charges against Barclays Bank PLC for violations related to swap reporting. From 2018 through 2023, Barclays failed to correctly r...
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The U.S. Chamber of Commerce is calling on President Joe Biden to intervene in the contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance. ...
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Moderating inflation will enable the Federal Reserve to reduce the federal funds rate and spur ongoing economic expansion, according to the latest forecast from the American Bankers Association’s Ec...
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The U.S. House Judiciary Committee passed legislation recently that seeks to establish a new structure dedicated to prosecuting international trade crimes. The bipartisan Protecting American Indust...
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U.S. Sen. Bill Hagerty (R-TN) and U.S. Rep. Andy Barr (R-KY) are among a group of lawmakers urging Treasury Secretary Janet Yellen to address what they view as regulatory encroachment from the Europea...
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U.S. Rep. John Moolenaar (R-MI) and U.S. Sen. Marco Rubio (R-FL) introduced legislation in Congress that seeks to prevent the U.S. tax code from rewarding investments in Communist China. Many Wall ...
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U.S. Sen. Elizabeth Warren (D-MA) expressed concern to federal regulators about the lack of regulatory oversight of a New York bank that she deems at risky. In a letter to Michael Hsu, acting compt...
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The Federal Housing Finance Agency (FHFA) has revised its proposal to amend the suspended counterparty program (SCP). The SCP regulation requires entity to report to FHFA any misconduct by individu...
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The G7 Cyber Expert Group (CEG) highlighted the potential cybersecurity risks to financial firms from developments in quantum computing in a recent statement. The group, chaired by the U.S. Departm...
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U.S. Sen. Tim Scott (R-SC) introduced legislation to boost avenues for capital formation. His bill, the Empowering Main Street in America Act, seeks to streamline and modernize the rules governing ...
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Visa was hit with a civil antitrust lawsuit this week by the U.S. Justice Department for monopolization and other unlawful conduct in violation of the Sherman Act. The complaint, filed in the U.S. ...
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The Securities and Exchange Commission (SEC) has charged 12 financial firms for recordkeeping violations. The 12 financial firms, which include broker-dealers, investment advisers, and one dually r...
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The Inter-Agency Working Group on Treasury Market Surveillance (IAWG) issued a progress report to highlight the steps its members have taken to enhance the resilience of the U.S. Treasury market. ...
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