The banking committee chair believes updated regulations are necessary. The CEOs of America’s largest banks are scheduled to testify before the Senate Banking Committee on Wednesday, prepared to…
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Senators Seek to Strengthen AI Federal Guidance
New bipartisan legislation would codify safety standards for federal agencies. Senator Mark Warner of Virginia and Senator Jerry Moran of Kansas introduced a bill this week that would…
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Senator Sends Letter to Federal Reserve Chair
Requests the central bank move quicker in reducing assets. Senator Rick Scott of Florida wrote another letter to Federal Reserve Chair Jerome Powell on Wednesday, asking why their…
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Treasury Secretary Speaks at Annual Freedman’s Bank Forum
Attendees seek solutions to eliminate discrimination in banking, housing, and lending. The Department of the Treasury hosted the 2023 Freedman’s Bank Forum last week. The gathering included state…
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DOJ Secures $107 Million for Redlining Relief
Offers compensation for communities of color that have experienced discrimination by mortgage lending. The U.S. Department of Justice has investigated allegations of discrimination by banks and lending companies…
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White House Addresses Consumer Junk Fees
FTC and CFPB to implement actions to follow the president’s lead. President Joe Biden gave a speech from the White House Rose Garden this week, addressing the pervasive…
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Federal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
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House Committee Schedules First Impeachment Hearing
Members prepare questions about President Biden’s past business dealings. The House Oversight Committee announced that they have scheduled the first impeachment hearing for President Joe Biden for September…
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Federal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
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President Creates New Role to Address Anti-Competitive Practices
The role will work with the National Economic Council to curb monopolies to protect small businesses. President Joe Biden created a new position in the National Economic Council…
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