The Internal Revenue Service (IRS) announced last week that it would extend some popular temporary flexibilities set to expire. The acceptance of digital signatures, the agency said, will be exten...
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The Treasury Department’s Federal Insurance Office (FIO) has begun the initial phases of the process of collecting data from insurers to assess climate-related financial risk to consumers. FIO’...
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U.S. Sen. Thom Tillis R-NC) is among a group of lawmakers urging the Consumer Financial Protection Bureau (CFPB) and the Attorney General to reconsider their joint statement on lending discrimination ...
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U.S. Reps. French Hill (R-AR) and Byron Donalds (R-FL) introduced a bill that seeks to end the Federal Reserve’s dual mandate of promoting maximum employment and price stability so that it can focus...
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The chair of the Senate Finance Committee, U.S. Sen. Ron Wyden (D-OR), is asking the Internal Revenue Service (IRS) to detail how proposed budget cuts would hurt efforts to crack down on funding for H...
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U.S. Rep. Andrew Garbarino (R-NY) introduced legislation this week that seeks to ensure that flood insurance policyholders receive swift and accurate advance payments on claims. Specifically, the E...
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The first half of the year saw the property casualty insurance industry deal with significant headwinds, according to a new report from the American Property Casualty Insurance Association (APCIA). ...
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The Biden-Harris administration is taking steps to convert high-vacancy commercial buildings to residential use in an effort to create housing that is affordable, energy efficient, and accessible to n...
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The Commodity Futures Trading Commission (CFTC) has signed an agreement with the French Autorité des marchés financiers (AMF) on the supervision and oversight of certain regulated firms that operate...
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A bipartisan bill was introduced in Congress last week that would establish a program allowing eligible workers access to portable, tax-advantaged retirement savings accounts. The Retirement Savin...
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A bill introduced in Congress last week seeks to update and expand unemployment insurance so that the program better meets the needs of the modern workforce and is ready to respond should America face...
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Consumers paid more than $105 billion in interest and more than $25 billion in fees on their credit cards in 2022, according to a report by the Consumer Financial Protection Bureau (CFPB) on the consu...
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The Economic Opportunity Coalition (EOC) announced plans to secure $3 billion in deposits for community development financial institutions (CDFIs) and minority depository institutions (MDIs). The c...
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Federal bank regulators finalized principles for a framework to manage exposures to climate–related financial risks for large financial institutions. The principles address physical and transitio...
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A final rule to strengthen and modernize the Community Reinvestment Act (CRA) was issued this week by federal bank regulatory agencies. The CRA is a law that was enacted nearly 50 years ago to enco...
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The U.S. Treasury Department released a report card detailing how it has implemented federal investments in entrepreneurs and small businesses. So how is it going? The Census Bureau released data w...
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A group of banking industry groups are urging the Federal Reserve Board of Governors to reject merchant requests for further changes to Regulation II governing debit card interchange fees. Regulat...
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U.S. Sens. Thom Tillis (R-NC) and John Hickenlooper (D-CO) introduced legislation that seeks to establish safeguards against instances of unethical co-mingling of customer funds by financial instituti...
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U.S. Rep. French Hill (R-AR) introduced legislation in the House that would prohibit the Federal Reserve from transferring its earnings to the Consumer Financial Protection Bureau (CFPB) if the centra...
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U.S. Sens. Sherrod Brown (D-OH) and Mike Braun (R-IN) introduced legislation last week that seeks to help inform veteran homebuyers of their eligibility for the VA Home Loan Program. The VA Home Lo...
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