The latest American Bankers Association (ABA) Credit Conditions Index maintains bank economists expect credit conditions to soften the remainder of the year through economic headwinds faced by consume...
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The U.S. Department of the Treasury released a report this week that reviewed and assessed the policies of major U.S. trading partners. Among the major findings, the semiannual Report to Congress o...
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U.S. Rep. Maxine Waters (D-CA) and U.S. Sen. Sherrod Brown(D-OH) have expressed security concerns regarding a golf league merger that includes Saudi-backed LIV Golf. Waters, the top Democrat on the...
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A group of lawmakers have forwarded correspondence to PayPal President and CEO Dan Schulman, advocating fraud protection for Venmo users patronizing the platform. U.S. Sens. Sherrod Brown, chairman...
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The Consumer Financial Protection Bureau (CFPB) has released a new issue spotlight regarding financial institutions adoption and use of chatbots. “To reduce costs, many financial institutions are...
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Four lawmakers have reintroduced legislation that would enable federal student loan holders to refinance their loans while still remaining public borrowers. U.S. Reps. Mike Turner (R-OH), Donald N...
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The Federal Deposit Insurance Corporation (FDIC) is demanding that three companies and certain of their officers cease and desist from making false and misleading statements about FDIC deposit insuran...
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U.S. Sens. Sherrod Brown (D-OH) and Tim Scott (R-SC) introduced legislation to hold senior executives of failed banks accountable on several fronts. Specifically, the Recovering Executive Compensat...
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A bill that would streamline healthcare reporting requirements for employers was advanced by the House Committee on Ways and Means this week. The Employer Reporting Improvement Act would accomplis...
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The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective for Spring 2023, highlighting key issues facing the federal banking system. Overall, the OCC reported t...
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