North Carolina will be the latest state to join IRS Direct File for Filing Season 2025, the Internal Revenue Service (IRS) and U.S Treasury announced. After a successful Pilot Program in 12 states ...
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U.S. Rep. Patrick McHenry (R-NC) has reached out to the Consumer Financial Protection Bureau (CFPB) over a proposed rule that would restrict the inclusion of medical debt in credit reports and scores....
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Supermarket chain Kroger plans to decrease grocery prices by $1 billion if its proposed $25 billion merger with smaller rival Albertsons is completed, according to news reports. Kroger previously s...
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As more Americans expect to work past age 70 or hold off on retirement altogether, changes are being proposed on Capitol Hill to increase the age cap for the earned-income tax credit (EITC), which cur...
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Speaking recently before an audience of researchers and economists, Patrick Harker, CEO of the Federal Reserve Bank of Philadelphia cited the importance of using historical data to understand today’...
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A new report on the multifamily lending market found that the volume of loans for multifamily housing dropped 49 percent in 2023. The report, from the Mortgage Bankers Association’s (MBA), said t...
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The Securities and Exchange Commission (SEC) on Aug. 14 announced charges against 26 broker-dealers, investment advisers, and dually registered broker-dealers and investment advisers for widespread, o...
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A bipartisan, bicameral bill pending in both houses of Congress aims to help promote the innovation of artificial intelligence (AI) in the nation’s financial services industry. Specifically, the ...
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U.S. Rep. Dave Joyce (R-OH) introduced legislation that would increase the tax rate on private university endowment profits. The Higher Education Accountability Tax (HEAT) Act (H.R. 9331) would inc...
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The NFIB Small Business Optimism Index hit its highest level since February 2022, as it rose 2.2 points in July to 93.7. While climbing, the index came in below the 50-year average of 98 for the 3...
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