The U.S. Senate passed legislation to help inform veteran homebuyers of their eligibility for the VA Home Loan Program. The VA Home Loan Awareness Act of 2023 (S.3068) seeks to promote the VA Home ...
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U.S. Rep. Darrell Issa (R-CA) introduced a bill that mandates disclosure of third-party litigation financing agreements in civil lawsuits. Currently, civil litigation is funded by undisclosed third...
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) reached a major milestone, collecting $1 billion in overdue taxes from high-income individuals. The effort was made possible b...
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The U.S. Office of the Comptroller of the Currency (OCC) amended an Oct. 7, 2020, Cease and Desist Order against Citibank related to deficiencies in its risk management, compliance, data governance, a...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) are the main sponsors on a bill that would make improvements to the unemployment insurance system. The legislation, titled the Unemployment Insura...
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U.S. Rep. French Hill (R-AR) is leading a bipartisan coalition of Congress members who are urging the Federal Reserve to modernize the nation’s existing payments infrastructure. Specifically, the...
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Community banks are more optimistic about future economic conditions, according to the CSBS Community Bank Sentiment Index. The index, produced quarterly by the Conference of State Bank Supervisors...
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CTrust is launching a cannabis credit scoring platform, available to financial institutions, investors, and business owners. CTrust’s Cannabis Trust Score (CTS) and Report provides a credit score...
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The Federal Home Loan Bank of Chicago is working with VantageScore to allow its member financial institutions to pledge mortgage collateral using VantageScore credit scores, serving as an alternative ...
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Chief financial officers (CFOs) at U.S. companies have the highest level of confidence in the economy since the third quarter of 2021, according to a new survey from business consultant Grant Thornton...
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Lincoln Financial Group released a report on the key market trends and themes currently on the minds of investors, including the election. The company’s quarterly Market Intel Exchange said inve...
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The U.S. Chamber of Commerce launched an initiative that seeks to achieve at least 3 percent annual real economic growth over the next decade. Through its Growth and Opportunity Imperative, the Cha...
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The June jobs report released by the National Federation of Independent Business (NFIB) revealed the employment hiring plans among small business owners. About 15 percent of owners plan to create n...
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In a letter to the Financial Crimes Enforcement Network (FinCEN), a group of financial industry organizations outlined the challenges created by requiring financial institutions to fill out suspicious...
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The July 2024 ICE Mortgage Monitor Report, produced by Intercontinental Exchange, examines the changing makeup of the mortgage market. The July report shows that while the mortgage market remains h...
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The Commodity Futures Trading Commission released a report on the results of its fourth Supervisory Stress Test (SST) of derivatives clearing organization (DCO) resources. Among the key findings i...
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The Consumer Financial Protection Bureau (CFPB) along with the Federal Housing Finance Agency (FHFA) released a report on the experiences and perceptions of borrowers during the mortgage process. S...
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U.S. Sens. Todd Young (R-IN) and Jeanne Shaheen (D-NH) introduced legislation to address the mounting student debt crisis in America. The Student Protection and Success Act seeks to increase higher...
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The U.S. Department of the Treasury issued a report last week that reviewed and assessed the policies of major U.S. trading partners. The Treasury’s semiannual Report to Congress on Macroeconomic...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) came out with final rules on prevailing wage and registered apprenticeship (PWA) requirements in the Inflation Reduction Act....
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