Federal Deposit Insurance Corporation (FDIC) officials said eight teams have been selected to participate in an endeavor they said seeks to aid banks in meeting the needs of unbanked consumers. The...
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U.S. Sens. Ron Wyden, (D-OR), Bob Casey, (D-PA), Richard Blumenthal (D-CT), Michael Bennet (D-CO), Sheldon Whitehouse (D-RI), and Sherrod Brown (D-Ohio) introduced last week the Nursing Home Improveme...
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The Independent Community Bankers of America (ICBA) and the National Association of Federally-Insured Credit Unions (NAFCU) recently expressed opposition to proposed Federal Reserve interchange regula...
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According to the National Association of Federally-Insured Credit Unions (NAFCU) Macro Data Flash report, consumer credit increased 10.6 percent in June and is up 4.2 percent compared to a year ago. ...
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FMI - The Food Industry Association announced this week its support of the Federal Reserve Board of Governors’ proposal clarifying debit routing provisions in the Durbin Amendment. The Debit Card...
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The National Credit Union Administration (NCUA) has forwarded correspondence to credit unions outlining its newly amended capitalization of interest rule. “For borrowers experiencing financial ha...
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U.S. Rep. Marie Newman (D-IL) and Joint Economic Committee (JEC) Chairman Don Beyer (D-VA) released this week the first-ever Worker’s Economy Report, which seeks to provide insight on the nation's p...
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A recently released National Association of Federally-Insured Credit Unions (NAFCU) report maintains July vehicle sales dipped because of a lack of supply. The NAFCU's Macro Data Flash report showe...
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The Financial Crimes Enforcement Network (FinCEN) announced last week that Himamauli "Him" Das has been named the agency's new acting director, replacing Michael Mosier, who is departing for a new opp...
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An amendment permanently establishing the Minority Business Development Agency (MBDA) has been unanimously accepted into the federal infrastructure agreement. U.S. Sens. Tammy Baldwin (D-WI), Roger...
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The American Investment Council (AIC) maintains private equity is strengthening small businesses while adding resiliency and supporting millions of jobs. According to its newly released information...
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According to the Small Business Administration (SBA), the federal government exceeded its Fiscal Year 2020 (FY20) small business contracting goal while adding almost a million jobs to the economy. ...
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Two lawmakers recently reintroduced legislation designed to bolster retirement security for individuals and families. U.S. Sen. Todd Young (R-IN) reintroduced the Commission on Retirement Security ...
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Subcommittee on Government Operations Ranking Member Jody Hice (R-GA) and U.S. Rep. Andrew Clyde (R-GA) are seeking answers from the Internal Revenue Service (IRS) regarding backlogs impacting SBA loa...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, and U.S. Rep. Richard E. Neal (D-MA), chair of the House Ways & Means Committee, recently released Joint Committee on Taxation (JCT) ...
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The Consumer Financial Protection Bureau (CFPB) maintains consumer auto loans, new mortgages, and revolving credit cards applications have returned to pre-pandemic levels by May 2021. “While con...
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The Independent Community Bankers of America (ICBA) has joined other business groups in opposing a Treasury Department proposal requiring financial institutions to report customer bank account informa...
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Senate Committee on Banking, Housing, and Urban Affairs Chairman Sherrod Brown (D-OH) is encouraging the Consumer Financial Protection Bureau (CFPB) to examine consumer fintech risks. Brown has for...
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Spurred by an International Energy Agency CO2 emissions reductions report, a group of lawmakers recently introduced legislators that encourage clean energy sector innovation to scale new technologies....
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The National Venture Capital Association (NVCA) maintains recently introduced legislation creating a Startup Visa allowing foreign-born entrepreneurs would aid in bolstering the economy and creating j...
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