Sens. John Kennedy (R-La.) and Kevin Cramer (R-N.D.) today introduced the No Red and Blue Banks Act, which would prohibit the General Services Administration from “awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.” This restriction would only apply to contracts awarded after the bill takes effect.
The goal is to focus the IDI resolution planning process on the operational information most relevant for the FDIC to resolve a large bank through a weekend sale or operate the institution for a short period of time...
The Federal Reserve Bank of Philadelphia's next president and CEO will be economist Anna Paulson, succeeding Patrick Harker on July 1.
ABA urged the current leadership of the CFPB “to restore balance to the policy conversation about the credit card market” following several actions taken by the prior administration to weaponize the bureau against credit card services and products.
The Trump administration sent layoff notices to more than 1,500 staff at the CFPB, leaving only 200 personnel at the bureau, Fox Business reported.
The rate for a 30-year fixed-rate mortgage was 6.83% this week. The rate for a 15-year fixed-rate mortgage was 6.03%.
Three House lawmakers are asking the IRS to update and expand the list of services and treatments for chronic diseases covered under employer-sponsored high-deductible health plans.
