The Federal Deposit Insurance Corporation (FDIC) proposed a rule that would amend its regulations under the Change in Bank Control Act. Specifically, the proposed rule would require the FDIC to b...
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The Commodity Futures Trading Commission (CFTC) approved final rules amending part 48 of its regulations that relate to foreign boards of trade (FBOT). Specifically, the final rule permits a foreig...
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Originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased by 1.5 percent last year, according to the Mortgage Bankers Association’s (MBA) 2024 Home E...
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Democrats on the Congressional Joint Economic Committee released a report this week that examines the influence of private equity firms in the health care system. Generally, the report ties private...
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U.S. Sen. Ron Wyden (D-OR) is among a group of senators that introduced a bill to apply criminal penalties to rogue insurance brokers who are profiting off of deceptive marketing schemes into health c...
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U.S. Sen. Bob Casey (D-PA) introduced legislation this week that seeks to support small business development through federal subcontracts. By serving as subcontractors, small businesses create jobs...
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ACNB Corp., the holding company for ACNB Bank and ACNB Insurance Services, is acquiring Traditions Bank, owned by Traditions Bancorp. The all-stock transaction will merge two Pennsylvania communit...
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SS&C Technologies Holdings published a report that examines how artificial intelligence (AI) is used to facilitate mergers and acquisitions (M&A). Ther SS&C Intralinks 2024 Artificial Intelligence ...
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Federal financial regulators are seeking comments and feedback on a proposal to update their requirements for anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Spe...
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The U.S. House of Representatives passed two bills this week that came out of the House Financial Services Committee, including one that provides Congressional supervision of the Department of Housing...
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The National Labor Relations Board (NLRB) withdrew its appeal of the Federal District Court decision that nullified an effort to rewrite the joint-employer rules. The joint-employer rule is used to...
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The Securities and Exchange Commission (SEC) has established a new entity called the Interagency Securities Council (ISC) with its Division of Enforcement. The ISC’s objective is to strengthen t...
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Final guidance was issued last week by federal regulatory agencies that addresses reconsiderations of value (ROVs) for residential real estate transactions. The guidance advises on policies and pr...
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The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) have made resources available to financial services firms on best practices for secure cloud adoption...
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The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act. The guidanc...
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Financial technology company Aven received a $142 million series D round of funding for its new credit card product. Aven, founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, is developing...
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Discover Bank, a subsidiary of Discover Financial Services, is selling its private student loan portfolio. The loan portfolio will be sold to one or more strategic partnerships comprised of investm...
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U.S. President Joe Biden announced plans this week that seeks to lower housing costs, create more affordable housing, and control the cost of rent. The Biden-Harris Housing Plan would build 2 milli...
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The Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) are urging the Federal Housing Finance Agency (FHFA) not to make any changes to ...
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The Federal Housing Finance Agency (FHFA) is rolling out new projections for tenants in multifamily properties financed by Fannie Mae and Freddie Mac. This marks the first time tenant protections w...
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