The U.S. Commerce Department’s Economic Development Administration (EDA) awarded $25 million to eight grantees as part of the Good Jobs Challenge. Initially funded by the American Rescue Plan, th...
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U.S. Reps. Jason Smith (R-MO) and Ron Estes (R-KS) are seeking information from the Social Security Administration commissioner on how beneficiaries will receive their benefits from two repealed progr...
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The U.S. Department of the Treasury released a policy brief on trends in small business capital access and the growth of non-bank financial technology providers in the small business market. The br...
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The Mortgage Credit Availability Index (MCAI) rose in December, jumping 0.7 percent to 96.6. The Conventional MCAI increased 1.3 percent, while the Government MCAI remained unchanged. Within the Co...
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U.S. Rep French Hill (R-AR), the chairman of the House Financial Services Committee, appointed vice chairs, whip, and subcommittee leaders. Hill named Rep. Bill Huizenga (R-MI) as the committee vi...
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The Financial Data Exchange (FDX) has been recognized as a standard setting body under the Consumer Financial Protection Bureau’s (CFPB) Personal Financial Data Rights rule. The Personal Financi...
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The Conference of State Bank Supervisors (CSBS) announced that 53 state financial regulatory agencies are taking disciplinary action against a mortgage company and its affiliates for deficient cyberse...
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The U.S. Treasury Department recently issued the final rules for the Clean Electricity Investment and Production Tax Credits. The tax credits, also known as the technology-neutral credits, encourag...
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The Purdue University/CME Group Ag Economy Barometer dropped 9 points in December as both the current conditions and future outlook indexes fell. The overall barometer reading dropped to 136, wit...
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U.S. Reps. Adrian Smith (R-NE) and Nathaniel Moran (R-TX) introduced legislation that seeks to rescind unobligated funding to the Internal Revenue Service from the Inflation Reduction Act. Specific...
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Michael Barr is stepping down from his position as Federal Reserve Board Vice Chair for Supervision, the Federal Reserve Board announced on Monday. Barr will leave that post effective Feb. 28. The ...
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The Consumer Financial Protection Bureau (CFPB) took legal action against a mortgage company over alleged illegal practices related to financing manufactured homes. The CFPB sued Vanderbilt Mortgag...
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The U.S. Department of the Treasury issued final rules this week for the section 45V Clean Hydrogen Production Tax Credit. The final rules for the clean hydrogen tax credit, established by the Infl...
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The U.S. Department of the Treasury and the Federal Housing Finance Agency (FHFA) have amended the preferred stock purchase agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac. The a...
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U.S. Sen. Tim Scott (R-SC) and U.S. Rep. French Hill (R-AR) are seeking answers about the China state-sponsored cybersecurity breach at the U.S. Department of Treasury. In a letter to Treasury Sec...
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New York State’s cannabis industry recently hit a huge milestone, surpassing more than $1 billion in retail sales, announced Gov. Kathy Hochul. “Earlier this year, my administration took critic...
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The Atlanta Federal Reserve recently promoted Michael Williams to senior vice president and head of Operations for Federal Reserve Financial Services (FRFS). Previously, Williams was vice president...
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The board of the National Credit Union Administration (NCUA) approved an investment pilot program on Monday that would allow complex federal credit unions to invest in a series of non-registered inves...
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Credit union loans increased 0.4 percent in October, according to America’s Credit Unions’ latest Monthly Credit Union Estimates. The 0.4 percent increase is that same as it was in September of...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued the final regulations for reporting requirements for DeFi brokers. DeFi brokers are front-end service providers int...
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