Economic activity grew at a modest pace in the final weeks of 2021 as many parts of the country reported constrained growth due to supply chain disruptions and labor shortages, according to the Federal Reserve’s first Beige Book release of the year.
How military veterans are helping bank boards think strategically, react nimbly and work as a team.
The platform’s strength is its targeting capabilities, as well as offering multiple types of ads.
While banks continued to remain in a posture of easing standards on commercial, mortgage and personal loan products, the easing trend slowed in the third quarter from the prior two quarters, according to the Federal Reserve’s senior loan officer opinion survey released today.
Testifying before the Senate Banking Committee today, CFPB Director Rohit Chopra said that companies using discriminatory algorithms will need to be held accountable.
Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
Treasury Secretary Janet Yellen today faced tough questions from members of the Senate Banking Committee on the Biden administration’s controversial proposal to require financial institutions to report gross inflows and outflows on customer accounts as a way to close the so-called “tax gap.”
As the House considers the Biden administration’s social spending bill, the American Bankers Association and 51 state associations today told house lawmakers that requiring banks to report information to the IRS on gross inflows and outflows on customer accounts is “bad tax policy” and urged them not to include such a provision in the bill, regardless of the reporting threshold.
The CFPB today issued its long-awaited proposal for implementing Section 1071 of the Dodd-Frank Act, which concerns the collection of credit application data for small businesses, including women-owned and minority-owned small businesses.
As part of the Biden administration’s effort to increase the supply of affordable housing, the Federal Housing Finance Agency today announced that effective immediately, Fannie Mae and Freddie Mac will be permitted to invest up to $850 million annually in the Low-Income Housing Tax Credit market as equity investors.