Applications for the federal Low-Income Communities Bonus Credit program for certain clean energy projects are now open. This groundbreaking program provides a 10 or 20-percentage point boost to th...
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The U.S. Senate passed a resolution that seeks to block the Consumer Financial Protection Bureau’s (CFPB) small business data collection rule. The rule requires covered financial institutions to...
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The Securities and Exchange Commission (SEC) proposed a new rule this week that would prohibit national securities exchanges from offering volume-based transaction pricing in certain cases. The pro...
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The Internal Revenue Service (IRS) released new details about its Direct File pilot program for the 2024 filing season. The 2024 Direct File pilot, a new service that will provide taxpayers with th...
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A group of Republicans on the House Financial Services Committee are seeking details from the Federal Reserve on an Aug. 30 leak of nonpublic confidential supervisory information (CSI) involving multi...
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On Monday, U.S. Sen. Tim Scott (R-SC) led a coalition of Banking Committee Republican who called on the Federal Housing Finance Agency (FHFA) to implement reforms in credit scoring models. Scott, ...
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The Securities and Exchange Commission’s Division of Examinations released its 2024 examination priorities this week. The release seeks to inform investors and registrants of the key risks, exami...
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Intercontinental Exchange’s U.S. Residential Mortgage Rate Lock Index Futures reached record trading activity during September and the third quarter of 2023. The index had a record 67,416 contrac...
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On Friday, U.S. Reps. Andrew Garbarino (R-NY) and Vincente Gonzales (D-TX) asked the Federal Emergency Management Agency (FEMA) to address monthly payment plans for National Flood Insurance Program (N...
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Total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023, according to the Mortgage Bankers Association (MBA). By loan count, tot...
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