U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, released the findings of a year-long investigation into what he called the largest alleged individual tax evasion scheme in U.S. hist...
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The Federal Housing Finance Agency (FHFA) recently announced plans to establish a Federal Advisory Committee with a focus on affordable, equitable, and sustainable housing. “The formation of an a...
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The Department of Defense (DoD) recently issued a report detailing how financial institutions are serving military installations and examines the DoD’s policies to ensure access to financial service...
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A group of banking industry organizations is challenging the legal basis for the Consumer Financial Protection Bureau’s (CFPB) inquiry into banks' customer service practices. Further, the groups...
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A new report issued by the U.S. Congress Joint Economic Committee (JEC) found that roughly 20 percent of U.S. adults are either unbanked or underbanked, meaning they lack access to a bank account or r...
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According to the latest National Association of Federally-Insured Credit Unions (NAFCU) Macro Data Flash report, existing home sales fell in July, representing the sixth consecutive month reflecting a...
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The Independent Community Bankers of America (ICBA) recently forwarded correspondence to the Federal Deposit Insurance Corporation (FDIC), encouraging the agency to reject the application of Ford Cred...
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The U.S. Department of Treasury approved up to $750 million in funds for four state plans through the State Small Business Credit Initiative (SSBCI). The funding is part of a $10 billion initiative...
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A coalition of banking organizations have taken issue with the Federal Deposit Insurance Corporationʻs (FDIC) proposed increase of deposit insurance assessment rates. In a comment letter to the FD...
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The Federal Deposit Insurance Corporation (FDIC) has issued letters to five companies regarding misleading crypto-related false or misleading deposit insurance representations. Based upon evidence ...
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