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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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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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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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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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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