U.S. Reps. Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-FL) introduced a bill that would immediately cap credit card interest rates at 10 percent. The bill (H.R. 1944) states that the ...
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Bi-cameral legislation re-introduced by Democrats would lower the cost of housing and address the housing shortage, law makers said. U.S. Sens. Elizabeth Warren (D-MA) and Raphael Warnock (D-GA) ...
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Visa, a digital payment technology company, recently announced a new department focused on identifying and stopping complex scams as they emerge. Visa Scam Disruption (VSD) leverages Visa’s deep ...
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A bipartisan group of senators introduced an update to a bill that seeks to establish a clear regulatory framework for payment stablecoins. The bill is the Guiding and Establishing National Innovation...
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The Managed Funds Association (MFA), an association for the global alternative asset management industry, presented the Securities and Exchange Commission (SEC) with a list of 10 recommendations it sa...
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The credit risk associated with large, syndicated bank loans remains moderate, according to the recently released 2024 Shared National Credit (SNC) report. The 2024 SNC portfolio included 6,699 bo...
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U.S. Rep. Ashley Hinson (R-IA) is sponsoring legislation that would establish a task force within the U.S. Department of Justice (DOJ) to combat China's trade crimes. IN addition, the bipartisan, ...
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U.S. Rep. French Hill (R-AR), chair of the House Financial Services Committee, is urging the acting chairman of the U.S. Securities and Exchange Commission (SEC) to remove hurdles put in by place by t...
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The Office of the Comptroller of the Currency (OCC) reaffirm what cryptocurrency activities are permissible in the federal banking system recently. In its Interpretive Letter 1183, the OCC confirm...
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Bipartisan legislation recently reintroduced in the U.S. House of Representatives would ensure funding for broadband deployment will not be considered taxable income. The Broadband Grant Tax Treatm...
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