Intercontinental Exchange Inc. said Monday it will launch a clearing service for all U.S. Treasury securities and repurchasing agreements. The clearing service will leverage ICE’s global clearin...
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The Federal Housing Finance Agency (FHFA) on June 21 issued a conditional approval for Freddie Mac to engage in a pilot program to purchase single-family closed-end second mortgages. That condition...
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U.S. Sens. Todd Young (R-IN) and Jeanne Shaheen (D-NH) introduced legislation to address the mounting student debt crisis in America. The Student Protection and Success Act seeks to increase higher...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) came out with final rules on prevailing wage and registered apprenticeship (PWA) requirements in the Inflation Reduction Act....
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U.S. Reps. Young Kim (R-CA) and David Scott (D-GA) introduced legislation that seeks to provide greater access to financial services for the underbanked and in underserved communities. The Financi...
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U.S. Sen. Sherrod Brown (D-OH) is urging the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to keep a close eye on bank mergers. Specifically, ...
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The U.S. Treasury Department and the Internal Revenue Service (IRS) are looking to close a major tax loophole exploited by large, complex partnerships. The Treasury estimates that this initiative...
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A group called Protecting Americans’ Coverage Together (PACT) is among a group of 70 organizations urging Congress to reject proposals to tax employer-provided coverage. PACT is a coalition that ...
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A report examining how hedge funds use artificial intelligence (AI) to inform trading decisions was released this week by U.S. Sen. Gary Peters (D-MI), chair of the Senate Homeland Security and Go...
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A group of financial industry associations are calling on Congress to pass a bill that seeks to protect vulnerable adults from financial exploitation. The bill in question is called the Financial E...
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