U.S. Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) have demanded that Elon Musk’s Department of Government Efficiency be removed from the Consumer Financial Protection Bureau, citing Musk’s...
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The sum total of all net foreign acquisitions of all long-term securities, short-term securities and banking flows for December 2024 was a net $87.1 billion, a report released by the U.S. Department o...
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The Commodity Futures Trading Commission (CFTC) announced Brian Young will serve as the agency’s Director of Enforcement. Acting CFTC Chairman Caroline Pham announced Young had been serving in a...
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A new bipartisan bill holding China and other bad actors accountable for unfair trade practices has been introduced again in Congress. U.S. Rep. Mike Bost (R-IL) reintroduced H.R. 1284, the Fighting ...
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Legislation aimed at eliminating a tax loophole that benefits the wealthy was introduced by two House Democrats on Feb. 6. U.S. Reps. Marie Gluesenkamp Perez (D-WA) and Don Beyer (D-VA) introduced th...
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A coalition of nearly 80 members of the U.S. House of Representatives introduced legislation on Feb. 7 that would restore FAFSA exemptions for families of farmers and small business owners. The legis...
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U.S. Sen. Joni Ernst (R-IA) introduced legislation on Feb. 10 that would require federal agencies to demonstrate that new regulations comply with existing laws, while considering the costs they put on...
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Legislation aimed at enhancing investment options for 403(b) retirement plans was reintroduced in the Senate this week. Put forward by U.S. Sens. Katie Britt (R-AL), Raphael Warnock (D-GA), Dr. Bi...
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Legislation introduced by U.S. Sen. Mike Rounds (R-SD) would ease regulatory requirements on smaller banks and credit unions. The Taking Account of Institutions with Low Operation Risk (TAILOR) Ac...
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New research has found that 90 percent of U.S. companies experienced some form of cyber fraud last year. In a new report titled Fraud in the Cyber Era: 2025 Fraud Trends and Insights from global f...
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Legislation introduced Friday would exclude qualified catastrophe mitigation payments from gross income, officials said. The legislation, Disaster Mitigation and Tax Parity Act of 2025, was introd...
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New research from the Investment Company Institute (ICI) has found that Americans highly value their 401ks and other similar retirement accounts. In the report “American Views on Defined Contrib...
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Legislation introduced by U.S. Rep. Randy Feenstra (R-IA) and U.S. Sen. Joni Ernst (R-IA) would strengthen the accountability of the Supplemental Nutrition Assistance Program (SNAP). The Snap Back...
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U.S. Sens. Shelley Moore Capito (R-WV) and John Hickenlooper (D-CO) introduced legislation designed to protect consumers and small businesses from cyberattacks Monday. The Insure Cybersecurity Act...
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Wells Fargo said it will partner with capital market technology company Derivative Path to enhance global payment capabilities for regional and community banks. The partnership will leverage Wells...
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U.S. Reps Steve Woman (R-AR) and Seth Moulton (D-MA) introduced legislation that would eliminate the tax burden on the Basic Needs Allowance paid to military members. The legislation would ensure ...
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A new bipartisan, bicameral bill that would exempt tips from federal income tax was introduced Wednesday. U.S. Reps. Vern Buchanan (R-FL) and Byron Donalds (R-FL) introduced the No Tax on Tips Ac...
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The Intercontinental Exchange, Inc. announced a record two billion in futures and options were traded in 2024. The trade contracts mark the highest volume year in ICE’s history and include 1.2 b...
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In the shadow of the fires devastating southern California, the American Property Casualty Insurance Association (APCIA) and other insurance trade organizations are asking Congress to act on wildfire ...
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In light of disasters across the country over the past year, U.S. Reps. Laurel Lee (R-FL) and Jared Moskowitz (F-FL) introduced legislation on Jan. 16 that would allow individuals to create tax-free s...
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