The Economic Opportunity Coalition (EOC) announced plans to secure $3 billion in deposits for community development financial institutions (CDFIs) and minority depository institutions (MDIs). The c...
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The Federal Reserve Board is seeking public comment on a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. This new proposal wo...
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Federal bank regulators finalized principles for a framework to manage exposures to climate–related financial risks for large financial institutions. The principles address physical and transitio...
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A final rule to strengthen and modernize the Community Reinvestment Act (CRA) was issued this week by federal bank regulatory agencies. The CRA is a law that was enacted nearly 50 years ago to enco...
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The U.S. Treasury Department released a report card detailing how it has implemented federal investments in entrepreneurs and small businesses. So how is it going? The Census Bureau released data w...
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A group of banking industry groups are urging the Federal Reserve Board of Governors to reject merchant requests for further changes to Regulation II governing debit card interchange fees. Regulat...
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U.S. Sens. Thom Tillis (R-NC) and John Hickenlooper (D-CO) introduced legislation that seeks to establish safeguards against instances of unethical co-mingling of customer funds by financial instituti...
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U.S. Rep. French Hill (R-AR) introduced legislation in the House that would prohibit the Federal Reserve from transferring its earnings to the Consumer Financial Protection Bureau (CFPB) if the centra...
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U.S. Sens. Sherrod Brown (D-OH) and Mike Braun (R-IN) introduced legislation last week that seeks to help inform veteran homebuyers of their eligibility for the VA Home Loan Program. The VA Home Lo...
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On Friday, the Consumer Financial Protection Bureau (CFPB) announced it had proposed a rule that would accelerate the shift toward open banking. The Personal Financial Data Rights rule would activ...
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