Speaking recently before an audience of researchers and economists, Patrick Harker, CEO of the Federal Reserve Bank of Philadelphia cited the importance of using historical data to understand today’...
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A new report on the multifamily lending market found that the volume of loans for multifamily housing dropped 49 percent in 2023. The report, from the Mortgage Bankers Association’s (MBA), said t...
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The Securities and Exchange Commission (SEC) on Aug. 14 announced charges against 26 broker-dealers, investment advisers, and dually registered broker-dealers and investment advisers for widespread, o...
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François Henriquez has been appointed first vice president and chief operating officer for the Federal Reserve Bank of St. Louis. Henriquez, who started Aug. 15, will succeed Kathleen O’Neill, w...
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The U.S. Treasury Department updated the Committee on Foreign Investment in the United States (CFIUS) website to improve communications with the public. The goal of the upgrade is to share more de...
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A bipartisan, bicameral bill pending in both houses of Congress aims to help promote the innovation of artificial intelligence (AI) in the nation’s financial services industry. Specifically, the ...
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U.S. Rep. Dave Joyce (R-OH) introduced legislation that would increase the tax rate on private university endowment profits. The Higher Education Accountability Tax (HEAT) Act (H.R. 9331) would inc...
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U.S. Rep. Mike Carey (R-OH) is working on legislation that seeks to end the practice by the Social Security of collecting overpayments. The bill would prevent the Social Security Commissioner from...
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The NFIB Small Business Optimism Index hit its highest level since February 2022, as it rose 2.2 points in July to 93.7. While climbing, the index came in below the 50-year average of 98 for the 3...
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The Managed Funds Association (MFA) offered some recommendations for the U.S. Treasury Department to consider as they set rules on the use of artificial intelligence (AI) in financial services. In ...
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