Legislation guaranteeing taxpayers can have their day in court if they dispute the Internal Revenue Service, passed the House this week. The legislation, the Taxpayer Due Process Enhancement Act, i...
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The Securities and Exchange Commission (SEC) rescinded a policy this week related to the denial of settlements in enforcement actions. Specifically, the SEC rescinded a policy that stated that when...
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The Office of the Comptroller of the Currency (OCC) has launched several reforms to reduce the supervisory and regulatory burdens for community banks. The OCC has also taken actions to reaffirm its...
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Two final rules on national banks’ and federal savings’ association’s real estate lending powers issued by the Office of the Comptroller of the Currency will change how the payment of interest o...
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The U.S. House of Representatives recently passed legislation that would codify the Financial Agent Mentor-Protégé Program at the U.S. Department of the Treasury. The program pairs small and rura...
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U.S. Sen. Catherine Cortez Masto (D-NV) introduced legislation last week that would help small businesses across the country access funding from the Small Business Administration (SBA). During Nat...
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The Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application submitted by Stellantis Financial Services to establish Stellantis Bank USA. Stellantis is a multinational ...
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The U.S. Senate Banking Committee advanced legislation last week that seeks to establish clear rules for digital assets. The Digital Asset Market Clarity Act (H.R. 3633) seeks to provide market par...
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Legislation introduced by U.S. Rep. Marlin Stutzman (R-IN) to enhance regulatory agencies’ ability to conduct thorough supervision and ensure the safety of the financial system has unanimously passe...
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Maine-based Androscoggin Bank and Vermont-based Mascoma Bank recently announced their plan to merge their parent companies into a single mutual holding company, pending regulatory approval. Under t...
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