U.S. Sen. Tim Scott (R-SC) introduced a legislative proposal designed to open up capital markets and generate economic growth. The Empowering Main Street in America Act seeks to help entrepreneurs...
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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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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 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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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 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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