A group of banking associations has filed suit against the Federal Reserve, FDIC, and OCC over rules that are part of the Community Reinvestment Act (CRA). The lawsuit, filed in the Northern Distri...
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U.S. Reps. Patrick McHenry (R-NC) and Andy Barr (R-KY) voiced their concerns about the relationship of some Federal Reserve Banks with global organizations. The two lawmakers sent letters to Feder...
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A group of Republican House leaders expressed concerns with the Federal Deposit Insurance Corporation (FDIC) over what they perceive as a lack of engagement with the public on financial technology and...
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U.S. Reps. Maria Elvira Salazar (R-FL) and Hillary Scholten’s (D-MI) legislation to help small businesses access federal government contracts passed out of committee recently. The legislation, t...
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U.S. Sens. Todd Young (R-IN), Tammy Duckworth (D-IL), and Jim Risch (R-ID) introduced legislation in the Senate last week that would allow banks to invest up to 15 percent of their capital in Small Bu...
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On Thursday, U.S. Rep. Troy Balderson (R-OH) and U.S. Sen. Eric Schmitt (R-MO) introduced a resolution disapproving of the U.S. Treasury Department’s use of COVID recovery funds. Balderson and S...
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A House subcommittee held a hearing this week on what many called the lack of economic analysis in federal banking regulators proposed changes to bank capital requirements. The hearing by the Subc...
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The U.S. House of Representatives passed the Tax Relief for American Families and Workers Act this week by a margin of 357-70. The bipartisan bill, H.R. 7024, includes $600 billion of tax incentiv...
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On Wednesday, U.S. Sen. Bob Casey (D-PA) introduced legislation that would create savings accounts for every child in America. The legislation, the 401Kids Savings Act, would create a new children...
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U.S. Sens. Deb Fischer (R-NE) and Angus King (I-ME) are sponsoring a bill in the U.S. Senate that would make the Paid Family and Medical Leave (PFML) Employer Tax Credit permanent. Their bill, the ...
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