U.S. Sen. Cindy Hyde-Smith (R-MS) and U.S. Rep. Andy Barr (R-KY) introduced a bill that seeks to increase the approval for new banks, particularly in rural and underserved areas. The Promoting New ...
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A five-month, U.S. Department of the Treasury pilot program with the Social Security Administration’s Full Death Master File prevented or recovered more than $31 million in fraud and improper paymen...
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The Conference of State bank Supervisors (CSBS) announced that 48 state financial regulators took enforcement action against Block, Inc., for BSA/AML violations. CSBS said that Block violated the B...
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The U.S. House Financial Services Committee will create a new Monetary Policy, Treasury Market Resilience and Economic Prosperity Task Force, U.S. Rep. French Hill (R-AR), committee chair, said on Jan...
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The U.S. District Court for the Southern District of New York recently filed a consent order against New York-based trust company Gemini Trust Co. LLC, ordering the company to pay a $5 million civil m...
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U.S. Rep. Blake Moore (R-UT) introduced legislation that would update and increase the Child Tax Credit (CTC) and provide a new tax credit for pregnant mothers. Specifically, the Family First Act w...
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The American Bankers Association (ABA) outlined its top policy priorities in its 2025 Blueprint for Growth. The 2025 Blueprint for Growth focuses on three overarching policy priorities: Drive a hea...
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The proposed merger between U.S. Steel Corp. and Japan’s Nippon Steel Corp. has hit a seemingly insurmountable wall, with legal experts citing long odds for success in the face of legal and politica...
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The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit alleging Capital One, N.A., and Capital One Financial Corp., its parent holding company, cheated consumers out of more than $2 ...
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The Federal Reserve Bank of New York released the results of its Survey of Consumer Expectations for December. Prepared by the NY Fed’s Center for Microeconomic Data, the survey shows that infla...
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