House committee passes resolution to overturn 1071 rule

The House Financial Services Committee advanced legislation to boost community banking by raising regulatory thresholds, revising agency supervisory practices, tailoring regulations further, encouraging de novo banks and strengthening community development financial institutions.

The Department of Veterans Affairs released draft policy documents to implement a new partial claim option for borrowers with VA-guaranteed loans who are experiencing financial hardship.

Kraken Financial has been granted a one-year, limited-purpose master account by the Kansas City Fed, the first crypto firm to be granted an account. Making the decision while crypto regulations are still under consideration creates serious risk for...

The Federal Reserve should adopt a long-term approach to phasing out its check services by encouraging electronic payment alternatives, and it should discontinue select paper check services that can be eliminated without causing unnecessary pain, ABA and the...

President Trump formally submitted to the Senate the nomination of Kevin Warsh to be the next chair of the Federal Reserve. Trump first announced Warsh as his nominee in January.

The nonfarm private sector added 63,000 jobs in February, and annual pay was up 4.5% year-over-year, according to the ADP National Employment Report. This follows a downward revision of January’s report from 22,000 jobs to 11,000.