SEC charges former Alfi CEO with fraud
On Tuesday, the Securities and Exchange Commission announced it had charge Paul A. Pereira, former CEO and co-founder of Alfi, Inc., with fraud stemming from false claims on social media. Accordin...
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Senate bill would halt creation of CBDC by federal government
A group of Senate Republicans introduced legislation this week that seeks to halt any efforts by the federal government to create a central bank digital currency (CBDC). The CBDC Anti-Surveillance ...
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Sens. Brown, Scott urge Biden to close “de minimis” loophole
U.S. Sens. Sherrod Brown (D-OH) and Rick Scott (R-FL) are urging the Biden administration to close a loophole that would keep foreign competitors from paying duties and fees. This loophole, known a...
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Sen. Capito urges course reversal on hydrogen tax credit guidance
U.S. Sen. Shelley Moore Capito (R-WV) is urging the U.S. Treasury Department to reconsider guidance on the 45V tax credits for hydrogen. In a letter to Treasury Secretary Janet Yellen, Capito, the...
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CFPB establishes supervisory authority over lender
The Consumer Financial Protection Bureau (CFPB) is establishing supervisory authority over installment lender World Acceptance Corp. CFPB is charged with supervising a wide range of financial firms...
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Legal concerns for U.S. businesses operating in Russia grow as State Department issues new advisory
After repeated calls from U.S. Sen. Sherrod Brown (D-OH), the Department of State recently issued new guidance to U.S. businesses warning that continuing to work with Russia could imperil them legally...
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Black women face barriers to building generational wealth, study finds
A new report from Goldman Sachs has found that Black women continue to face obstacles when it comes to leaving a financial legacy. The report, One Million Black Women, found that while Black women...
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New ATTOM report looks at changes in commercial foreclosures
A new report charts the fluctuations in commercial foreclosures in the United States over the past 10 years and shows a significant spike since the pandemic. The report, developed by ATTOM, a curat...
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Senate bill seeks to improve price transparency for hotel rooms
A bill has been introduced in the U.S. Senate that would require any entity advertising a hotel room or short-term rental to clearly show the final price a customer will pay to book lodging up front. ...
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ABA’s Credit Conditions Index shows cautious optimism on the economy
The American Bankers Association’s latest Credit Conditions Index revealed cautious optimism about credit conditions in 2024. The index improved to its highest level in six quarters as ABA’s E...
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