SEC details AT&T settlement agreement
Securities and Exchange Commission (SEC) officials have detailed a settlement agreement in which AT&T has agreed to pay a $6.25 million penalty stemming from March 2021 SEC charges. Additionally, t...
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Report examines second quarter credit card use
The latest American Bankers Association (ABA) Credit Card Market Monitor maintains consumers continued to manage their credit well despite slowed economic growth in the second quarter of this year. ...
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Senate Finance Committee members eye Medicare, Medicaid mental health parity
A group of Senate Finance Committee lawmakers recently released the fifth and final legislative discussion draft that seeks to improve mental health parity in Medicare and Medicaid. Senate Finance ...
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Survey finds more than half of business executives questioned foresee economic recession
An Association of International Certified Professional Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA) survey maintains 51 percent of business executives foresee an econom...
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Treasury Department initiates Inflation Reduction Act labor standards guidance
The Treasury Department has initiated initial Inflation Reduction Act guidance regarding labor standards the agency noted firms must meet to qualify for enhanced clean energy and climate tax incentive...
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CUNA details small loan refinancing challenges
In response to the Consumer Financial Protection Bureau's (CFPB) Request for Information (RFI) regarding mortgage refinances and forbearances, the Credit Union National Association (CUNA) noted small ...
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Housing and Urban Development expands homeowner flood insurance options
Housing and Urban Development (HUD) officials have detailed an initiative enabling homeowners with FHA-insured mortgages to obtain flood insurance policies meeting FHA requirements from private insura...
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Republicans on Joint Economic Committee outline inflation reduction plan
Republican members of the Congressional Joint Economic Committee issued a report with policy recommendations to reduce inflation and help spur economic growth. “Persistent inflation poses a sign...
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Rep. Hill introduces bill that gives Treasury authority over IFI voting mandates
U.S. Rep. French Hill (R-AR) introduced a bill this week that would allow the U.S. Treasury Secretary to waive what they deem counterproductive voting mandates at the International Financial Instituti...
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Measure eyes IRS oversight, strengthened accountability
U.S. Sens. John Thune (R-SD) and Chuck Grassley (R-Iowa) have joined 13 colleagues in introducing the IRS Funding Accountability Act, which would provide Congress input regarding Internal Revenue Serv...
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