U.S. Sens. Sherrod Brown (D-OH), Raphael Warnock (D-GA), and John Fetterman (D-PA) are encouraging Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to monitor the risks posed by “bu...
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U.S. Sen. Tim Scott (R-SC), ranking member on the Senate Banking Committee, is urging the SEC to rescind two rules that would expand the types of entities required to register as securities dealers. ...
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U.S. Sens. Sherrod Brown (D-OH), Jack Reed (D-RI), and Elizabeth Warren (D-MA) are calling on Venmo to adopt policies to reimburse consumers who get scammed. This call from the senators follows a ...
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U.S. Rep. Mike Turner (R-OH) introduced a bill in the House last week that would prohibit banks from forcing customers to use electronic bank statements instead of paper statements. His bill, the P...
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A group of House lawmakers, led by Rep. Lloyd Smucker (R-PA) have introduced legislation that seeks to update and strengthen the Work Opportunity Tax Credit (WOTC). The Improve and Enhance the Work...
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U.S. Reps. Darin LaHood (R-IL) and Linda Sanchez (D-CA) introduced a bill that will allow individuals to roll over their Roth IRA savings into a Roth account within a workplace retirement plan. Cur...
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The Securities and Exchange Commission (SEC) adopted rule changes this week that seek to improve risk management practices for central counterparties in the U.S. Treasury market. The rule changes u...
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U.S. Reps. Brian Fitzpatrick (R-PA) and Marie Gluesenkamp Perez (D-WA) introduced a bill that would index the federal minimum wage to a regional cost-of-living standard. In addition, the Fair Wage ...
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The availability of mortgage credit dropped in November, according to the most recent Mortgage Credit Availability Index (MCAI), produced by the Mortgage Bankers Association (MBA). Specifically, th...
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U.S. Sens. Jack Reed (D-RI), Mark Warner (D-VA), Mike Rounds (R-SD), and Mitt Romney (R-UT) are taking steps to disrupt and eradicate the illicit financial networks of terrorist organizations. The ...
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The National Federation of Independent Business (NFIB) released its Small Business Optimism Index this week, which gauges business conditions for small businesses. The index decreased 0.1 point i...
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A bipartisan group of Congress members have introduced legislation that looks to expand the availability of Pell Grants. The Bipartisan Workforce Pell Act would allow Pell Grants to support student...
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U.S. Sen. Tammy Baldwin (D-WI) is looking to expand opportunities for Milwaukee residents to compete with out-of-state investors for homes in Milwaukee neighborhoods. The Wisconsin senator is calli...
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The Federal Deposit Insurance Corporation (FDIC) released an update on Dec. 7 for its restoration plan for the Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires that ...
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A bill was introduced in Congress last week that seeks to increase the supply of affordable housing for middle-income families. Sponsored by U.S. Sen. Ron Wyden (D-OR), the Workforce Housing Tax Cr...
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The RSM US Middle Market Business Index (MMBI) jumped in the most recent quarter, reflecting growth for mid-sized companies and businesses. The index, produced by RSM and the U.S. Chamber of Commerce...
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U.S. Rep. Tom Emmer (R-MN) introduced bipartisan legislation that seeks, among other things, to encourage more Initial Public Offerings (IPOs). The Main Street Growth Act, H.R. 6623, is designed to i...
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U.S. Rep. Adam Smith (D-WA) and U.S. Sen. Jeff Merkley (D-OR) introduced a bicameral bill that seeks to prevent hedge funds from buying up residential real estate. The End Hedge Fund Control of Am...
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U.S. Sens. Angus King (I-ME), Sheldon Whitehouse (D-RI), and Bill Cassidy, M.D. (R-LA) have introduced a bill in the U.S. Senate that would combat cross-border money laundering. The Combating Cros...
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The Commodity Futures Trading Commission (CFRC) approved guidance on the listing for trading of voluntary carbon credit derivative contracts. The proposed guidance outlines certain factors a CFTC-reg...
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