SEC details AT&T settlement agreement
Securities and Exchange Commission (SEC) officials have detailed a settlement agreement in which AT&T has agreed to pay a $6.25 million penalty stemming from March 2021 SEC charges. Additionally, t...
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Lawmakers call for Congress to pass bill that provides greater transparency for college costs
Following a report by the Government Accountability Office (GAO) that found that a vast majority of prospective college students lack clarity about the cost of their education, U.S. Rep. Young Kim (R-...
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Report examines second quarter credit card use
The latest American Bankers Association (ABA) Credit Card Market Monitor maintains consumers continued to manage their credit well despite slowed economic growth in the second quarter of this year. ...
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Rep. Emmer among lawmakers seeking answers from Boston Fed on CBDC project
U.S. Reps. Tom Emmer (R-MN) and Patrick McHenry (R-NC) were among a group of House Republicans that reached out to the head of the Federal Reserve Bank of Boston about an initiative to research the de...
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Treasury Department announces $1B in funding for high-speed internet
Six states - Florida, Georgia, Iowa, Minnesota, Missouri, and Utah - will receive $1 billion for broadband projects as part of the American Rescue Plan's Capital Projects Fund, the U.S. Department of ...
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Senate Finance Committee members eye Medicare, Medicaid mental health parity
A group of Senate Finance Committee lawmakers recently released the fifth and final legislative discussion draft that seeks to improve mental health parity in Medicare and Medicaid. Senate Finance ...
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Survey finds more than half of business executives questioned foresee economic recession
An Association of International Certified Professional Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA) survey maintains 51 percent of business executives foresee an econom...
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Treasury Department initiates Inflation Reduction Act labor standards guidance
The Treasury Department has initiated initial Inflation Reduction Act guidance regarding labor standards the agency noted firms must meet to qualify for enhanced clean energy and climate tax incentive...
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ICBA urging Senate to pass SAFE Banking Act by the end of this year
The Independent Community Bankers of America (ICBA) is urging Congress to pass a bill in this legislative session that would establish a cannabis banking safe harbor in states where cannabis is legal....
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CUNA details small loan refinancing challenges
In response to the Consumer Financial Protection Bureau's (CFPB) Request for Information (RFI) regarding mortgage refinances and forbearances, the Credit Union National Association (CUNA) noted small ...
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