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Home » Industry » Page 244

Industry

CFPB initiates consumer financial data rights guidance considerations

By Douglas Clark   |   October 31, 2022   |   Federal

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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Republican senators request CBO to assess impact of Biden economic policies

By Dave Kovaleski   |   October 31, 2022   |   Federal

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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CFPB issues guidance for financial institutions on potentially unlawful junk fees

By Dave Kovaleski   |   October 28, 2022   |   Featured

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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SEC proposes new rules for registered investment advisors

By Dave Kovaleski   |   October 28, 2022   |   Federal

The Securities and Exchange Commission (SEC) is proposing new rules that would prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence....

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State attorneys general urge SEC to allow full public input regarding environmental, social, and governance investing

By Douglas Clark   |   October 28, 2022   |   Federal

Montana Attorney General Austin Knudsen has joined 17 other state attorneys general in requesting the Security and Exchange Commission (SEC) allow public input regarding environmental, social, and gov...

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Sen. Brown reminds Fed chair of mandate to also maintain full employment

By Dave Kovaleski   |   October 27, 2022   |   Federal

U.S. Sen. Sherrod Brown (D-OH) is reminding the Federal Reserve not to hurt employment rates to reduce inflation. In a letter to Federal Reserve Board Chair Jerome Powell, Brown said it is the Fedâ...

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FDIC survey says number of Americans who are banked reaches all-time high

By Dave Kovaleski   |   October 27, 2022   |   Featured

A new Federal Deposit Insurance Corporation (FDIC) survey found that nearly 96 percent of U.S. households were banked in 2021. The FDIC’s biennial 2021 National Survey of Unbanked and Underbanked...

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Report examines global credit union digitization focus

By Douglas Clark   |   October 27, 2022   |   Industry

World Council of Credit Unions’ (WOCCU) 2021 Statistical Report findings maintain the global credit union movement's chief priority is digitization. “Despite the COVID-19 pandemic continuing to...

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New study examines impact of inflation on auto insurance

By Dave Kovaleski   |   October 26, 2022   |   Featured

The American Property Casualty Insurance Association (APCIA) released a white paper this week examining how auto insurance is impacted by inflation. The paper, entitled "The New Normal? Auto Insure...

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FHFA to eliminate upfront fees for upfront fees for certain Fannie, Freddie loans

By Dave Kovaleski   |   October 26, 2022   |   Federal

The Federal Housing Finance Agency (FHFA) is making changes to Fannie Mae and Freddie Mac's guarantee fee pricing by eliminating upfront fees for certain borrowers and loan products. Specifically,...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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