U.S. Sens. John Thune (R-SD) and Chuck Grassley (R-IA) plan to introduce legislation that would give Congress a direct say in how $80 billion of new funding for the Internal Revenue Service (IRS) coul...
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U.S. Bank released its annual CFO Survey this week, which finds that priorities have shifted for finance leaders in this challenging economic environment. Specifically, the survey found that impro...
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A new survey by the American Bankers Association and Morning Consult finds that a growing number of Americans are using mobile apps for banking. This is the third year in a row, the survey said, th...
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Federal officials recently awarded $5 billion in New Markets Tax Credits (NMTC) to 107 organizations across the country to receive NMTC allocation awards. The New Markets Tax Credit Program permits...
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The Internal Revenue Service (IRS) reported that the estimated gross tax gap increased to $496 billion, a rise of over $58 billion from the prior estimate, for the tax years 2014 through 2016. The...
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U.S. Reps. Young Kim (R-CA) and Blaine Luetkemeyer (R-MO) recently forwarded correspondence to the Securities and Exchange Commission (SEC), noting the agency should consider how regulations may impac...
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U.S. Reps. Jimmy Panetta (D-CA) and Darin LaHood (R-IL) introduced legislation last week that seeks to support workers in the tourism and hospitality industries, which lost more jobs in the pandemic t...
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The Consumer Financial Protection Bureau (CFPB) has begun the initial process of outlining options for consumers to bolster access to and control financial data before issuing proposed data rights gui...
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A group of Republican senators, led by U.S. Sens. Todd Young (R-IN) and Steve Daines (R-MT), are asking the nonpartisan Congressional Budget Office (CBO) to assess how policies passed during Biden Adm...
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The Consumer Financial Protection Bureau (CFPB) issued guidance this week on what it calls two junk fee practices that it sees as unfair and unlawful. One of them refers to surprise overdraft fees...
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