The Conference of State Bank Supervisors (CSBS) expressed its concerns about legislation in Congress related to stablecoins. In a letter to the leaders of the House Financial Services Committee, CS...
Read More
A bill introduced by U.S. Rep. Randy Feenstra (R-IA) to help improve the tax filing process passed in the U.S. House of Representatives. Feenstra’s bill -- the Internal Revenue Service Math and ...
Read More
Republicans that serve on the House Financial Services Committee commended the Securities and Exchange Commission (SEC) for its recent decision to rescind Staff Legal Bulletin (SLB) No. 14L. Staff...
Read More
The federal bank regulatory agencies announced their intent to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and reinstate the CRA framework that existed prior to the ...
Read More
U.S. Sens. Elizabeth Warren (D-MA) and Mark Warner (D-VA) are asking the Government Accountability Office to investigate recent activities by Elon Musk’s Department of Government Efficiency at the S...
Read More
The U.S. Senate passed a resolution last week to overturn the Consumer Financial Protection Bureau’s (CFPB) rule that would cap overdraft fees at $5 for large banks and credit unions. The overdr...
Read More
The Securities and Exchange Commission (SEC) voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. “The goal of today’s Commission ac...
Read More
President Donald Trump issued an executive order that seeks to mandate a transition to electronic payments for all Federal disbursements and receipts. The order states that the use of paper-based ...
Read More
U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) are sponsoring legislation designed to bring regulatory clarity to the digital asset ecosystem. Currently, securities laws do not distinguish betw...
Read More
Credit conditions in the U.S. have worsened for the first time in five months and are expected to weaken over the next six months, according to the American Bankers Association’s Credit Conditions I...
Read More
A new report from the American Investment Council and Ernst & Young examines the impact of private equity investments on the economy. Nationally, private equity directly employed 13.3 million work...
Read More
Several financial industry groups, including the Independent Community Bankers of America (ICBA) are warning federal lawmakers not to intervene in the U.S. credit card market. The groups cited prop...
Read More
Corporate and industry leaders from the financial services, energy and technology sectors are urging Congress to reauthorize the Cybersecurity Information Sharing Act before it expires on Sept. 30. ...
Read More
The U.S. Small Business Administration (SBA) is undergoing an agency-wide reorganization that will result in a 43 percent reduction in its workforce. The staff reduction will eliminate those roles ...
Read More
The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that eliminates the requirement for U.S. companies and persons to report beneficial ownership information (BOI). Speci...
Read More
U.S. Rep. Lloyd Smucker (R-PA) and U.S. Sen. James Lankford (R-OK) are urging the Trump administration to address issues that have negatively impacted the unemployment insurance (UI) system. The l...
Read More
MISMO, the real estate finance industry's standards organization, is seeking public comment on the Loan Boarding Data Segment. The Loan Boarding Data Segment (LBDS) is the first published subset of...
Read More
SmartBiz has acquired United Community Bancshares and its subsidiary, Centrust Bank, a Chicago-based community bank. The combined company will be renamed SmartBiz Bank and operate under the bank h...
Read More
The U.S. Department of Agriculture (USDA) is issuing up to $10 billion to agricultural producers through the Emergency Commodity Assistance Program (ECAP) for the 2024 crop year. The ECAP, adminis...
Read More
U.S. Reps. Randy Feenstra (R-IA) and Angie Craig (D-MN) introduced legislation that seeks to enhance crop insurance protections for farmers, particularly beginning farmers. Specifically, the Crop ...
Read More