The House Financial Services Committee passed legislation last week, the Main Street Capital Access Act (H.R. 6955), which seeks to strengthen community banks and encourage bank formation. “Commu...
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U.S. Reps. Ben Cline (R-VA) Lou Correa (D-CA), Laurel Lee (R-FL), and Joe Neguse (D-CO) introduced legislation in the House that would permanently raise the small business reorganization threshold for...
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Thirty-nine percent of business executives say they are optimistic about the U.S. economy’s outlook over the next 12 months, according to the first-quarter AICPA and CIMA Economic Outlook Survey. Th...
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Financial technology company Revolut applied for a U.S. national bank charter with the U.S. Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation. This bank charter ma...
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Bipartisan legislation recently introduced in the U.S. House of Representatives would target highly realistic artificial intelligence-generated impersonation scams designed to defraud Americans. Te...
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The Investment Company Institute (ICI) is calling on Congressional leadership to pass legislation that would reform taxation on capital gains. The legislation in question is the Generating Retireme...
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Legislation supporting more charitable giving options for older Americans was introduced in the Senate recently. The legislation, the IRA Charitable Rollover Facilitation and Enhancement Act, was ...
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Citadel Credit Union, a not-for-profit, member-owned credit union serving Greater Philadelphia, recently converted from a community charter to a Federal Multiple Common Bond charter. “This transi...
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The Office of the Comptroller of the Currency (OCC) introduced two new rules to reduce the regulatory burden for community banks. One rule seeks to rescind its Fair Housing Home Loan Data System re...
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U.S. Sens. Tim Scott (R-SC) and Elizabeth Warren (D-MA) released the text of their legislative housing package, the 21st Century ROAD to Housing Act. The ROAD to Housing Act is built around four co...
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