U.S. Rep. Blaine Luetkemeyer (R-MO) introduced legislation to prohibit the use of the Chinese Central Bank Digital Currency, also known as the Digital Yuan, by U.S. licensed money service businesses. ...
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A proposal by the Consumer Financial Protection Bureau (CFPB) that seeks to curb excessive credit card late fees drew criticism from several banking industry organizations. The proposal focuses on ...
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The Consumer Financial Protection Bureau (CFPB) has proposed a rule to limit excessive late credit card fees. The rule change focuses primarily on the immunity provision, which, among other things,...
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The Securities and Exchange Commission (SEC) proposed amendments this week designed to strengthen and modernize its ethics compliance program. The proposed amendments would add new ethics requirem...
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U.S. Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) are sponsoring two bills that seek to hold pharmacy benefit managers (PBMs) accountable for opaque and often deceptive practices that contrib...
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The American Bankers Association’s latest Credit Conditions Index says that bank economists expect credit conditions to soften over the next six months. This comes as the economy is expected to s...
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U.S. Reps. Judy Chu (D-CA) and Andrew Garbarino (R-NY) recently commended the House of Representatives' passage of the Investing in Main Street Act of 2023 (H.R. 400), which aids Small Business Invest...
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U.S. Sens. Sherrod Brown (D-OH), Ben Cardin (D-MD), and Patty Murray (D-WA) Tuesday reintroduced the Restaurant Revitalization Tax Credit Act, which seeks to provide restaurant tax relief. The bill w...
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Sen. Steve Daines (R-MT) has re-introduced the Balanced Budget Accountability Act (S.6), which he noted requires Congress to produce a balanced budget, or members will not get paid. “Congress is h...
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In a first for the United States, tech and data infrastructure provider Intercontinental Exchange, Inc. (ICE) launched the ICE U.S. Carbon Neutral Power Index this week, based on methods licensed from...
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