Sen. Mike Crapo (R-ID) has forwarded correspondence to Internal Revenue Service (IRS) Commissioner Charles Rettig as a means of gaining clarification regarding tax gap estimates. The request for ...
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The National Venture Capital Association (NVCA) is expressing support for the Biden Administration's full launch of the International Entrepreneur Rule (IER), noting the action would spur job creation...
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The Independent Community Bankers of America (ICBA) announced Tuesday the extension of its Preferred Service Provider agreement with the financial services industry firm ProfitStars to include risk ma...
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Department of the Treasury officials said an additional $21.6 billion has been allocated for emergency rental assistance to prevent evictions and ensure housing amid the COVID-19 pandemic. The Whit...
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U.S. Sens. Elizabeth Warren (D-MA), Tina Smith (D-MN), Sherrod Brown (D-OH), and Edward J. Markey (D-MA) forwarded correspondence Thursday to Secretary of Education Miguel Cardona requesting informati...
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National Association of Federally-Insured Credit Unions (NAFCU) officials recently met with House Ways and Means Committee Ranking Member Kevin Brady (R-TX) regarding tax exempt preservation, among ot...
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A group of lawmakers recently encouraged the Financial Crimes Enforcement Network (FinCEN) to implement a beneficial ownership reporting system as a means of addressing money laundering and internatio...
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The House of Representatives Ways & Means Committee has advanced the Securing a Strong Retirement Act of 2021, noting the measure expands opportunities to increase retirement savings. Additionally,...
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Reps. Carolyn B. Maloney (D-NY) and Patrick McHenry (R-NC) have introduced the Financial Transparency Act, making financial data more readily available and less opaque. The legislators noted the me...
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The Department of Housing and Urban Development (HUD) announced that it has earmarked $20,229,156 for fair housing organizations nationwide as a means of combating housing discrimination. "The wor...
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Rep. Maxine Waters (D-CA) has forwarded correspondence to several governmental entities advocating funding to support affordable housing and homelessness prevention initiatives. Waters, chairwoman ...
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The Federal Housing Finance Agency (FHFA) has published a final rule requiring Fannie Mae and Freddie Mac, also known as the Enterprises, to develop resolution plans or living wills. The action wou...
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Reps. Emanuel Cleaver, II (D-MO) and Jim Banks (R-IN) with Sens. Tim Scott (R-SC) and Joe Manchin (D-WV) reintroduced the Student Loan Disclosure Modernization Act, which seeks to modernize and simpli...
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U.S. Rep. Tim Ryan (D-OH) said the expanded Child Tax Credit (CTC) recently passed in conjunction with the American Rescue Plan Act would prove life-changing for working families across Ohio. Offi...
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The National Association of Federally (NAFCU) Insured Credit Unions is expressing concerns regarding the Office of the Comptroller of the Currency's (OCC) true lender rule. The NAFCU said the guida...
Read MoreFMI - The Food Industry Association is supporting the stance of two North Dakota trade groups maintaining the Federal Reserve’s ruling regulating the interchange on debit transactions is too high. ...
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The Consumer Bankers Association (CBA) said findings from the J.D. Powers 2021 U.S. Retail Banking Satisfaction Study affirm the industry's focus on aiding consumers amid the COVID-19 pandemic. CBA...
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The Federal Housing Finance Agency (FHFA) is offering low-income borrowers with Fannie Mae and Freddie Mac (the Enterprises), single-family mortgages a new refinance option. The FHFA indicated elig...
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Findings derived from The Harris Poll on behalf of the American Institute of CPAs (AICPA) maintain since the COVID-19 pandemic began, young adults are heavily impacted by financial stress. Official...
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The Consumer Financial Protection Bureau (CFPB) is delaying the General Qualified Mortgage (QM) final rule mandatory compliance date, citing preservation of consumer access and flexibility amid the CO...
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