A bill that would repeal the Biden-era Superfund Tax targeting chemical manufacturers was introduced last week by House Republicans. The bill would amend the Internal Revenue Code of 1986 to repeal...
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The credit scores of cash-out refinance mortgage borrowers experience a sharp improvement followed by gradually worsening before stabilizing, according to a recent Consumer Financial Protection Bureau...
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U.S. Rep. Dan Meuser (R-PA) legislation aimed at addressing China's "opaque and manipulative currency practices." The China Exchange Rate Transparency Act (H.R. 692) directs the United States exec...
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U.S. Sens. Elizabeth Warren (D-MA) and Jack Reed (D-RI) sent inquiries to the largest U.S. banks seeking information on why deposit interest rates were much lower than loan interest rates. The la...
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A bipartisan group of U.S. senators introduced a bill that seeks to authorize the president to negotiate a tax agreement with Taiwan to provide broader bilateral tax relief. The senate bill is co...
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U.S. Rep. Lloyd Smucker (R-PA), a House Ways and Means Committee senior member, recently re-introduced legislation that would permanently extend Section 199A of the Internal Revenue Code. Section 1...
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U.S. Reps Steve Woman (R-AR) and Seth Moulton (D-MA) introduced legislation that would eliminate the tax burden on the Basic Needs Allowance paid to military members. The legislation would ensure ...
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The New York State Department of Financial Services has proposed regulations to enhance consumer protections against unfair overdraft fees. The proposed regulations ensure consumers will no longer ...
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U.S. Rep. Mike Carey (R-OH) introduced a resolution in the House that would roll back the Internal Revenue Service’s Digital Assets Sale and Exchanges Rule. The rule requires custodial brokers to...
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A new bipartisan, bicameral bill that would exempt tips from federal income tax was introduced Wednesday. U.S. Reps. Vern Buchanan (R-FL) and Byron Donalds (R-FL) introduced the No Tax on Tips Ac...
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