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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Legislators Propose Major Banking Reforms
Troubles in the financial sector spur action. Members of Congress are considering banking reforms after the failures of Silicon Valley Bank, Signature Bank, and First Reserve Bank this…
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FTC Reports Rise in Text Message Scams
Commission analysis reveals fake bank fraud warnings as the most common. The Federal Trade Commission (FTC) has announced the findings of recent analysis of text message scams. In…
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Treasury Reaches Settlement with British American Tobacco
Resolves alleged violations of U.S. sanctions against North Korea. The Department of the Treasury reached a legal settlement with British American Tobacco (BAT) on Thursday, allowing the company…
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Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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