The House today by a vote of 216 to 212 approved the Senate’s 2018 budget resolution, effectively clearing the way for Congress to continue working on tax reform. Today’s action will allow a tax reform bill to pass through the Senate with a simple majority vote, rather than a 60-member majority. The House is expected to release draft language of the bill next week.
Banking agencies seek public comment on strategies to combat payments fraud
The FDIC, Federal Reserve and OCC issued a request for comment on potential actions to help consumers, businesses and financial institutions mitigate risks related to payments fraud, particularly check fraud.