Advocacy News

E-News 8-29-25 FEDERAL GOVERNMENT RELATIONS SBA orders lenders to stop ‘debanking’ The Small Business Administration ordered its network of more than 5,000 lenders Wednesday to end any practices that result in “debanking,” adding that lenders who fail to comply will “lose their good standing with the SBA and will be subjected to additional punitive measures.” Read more Cook files lawsuit to overturn attempted removal from Fed board Federal Reserve Governor Lisa Cook filed a lawsuit Thursday against President Trump for his attempt to remove her from the Fed board, saying the president’s...
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E-News 8-22-25 FEDERAL GOVERNMENT RELATIONS CFPB seeks input on Section 1033 data sharing reconsideration The Consumer Financial Protection Bureau is seeking public comment on the costs and challenges of enforcing the Dodd-Frank Act’s data sharing requirements as it considers new rulemaking to implement the law.  Read more Senators seek public feedback on National Flood Insurance Program reforms Two senators are seeking public input on the National Flood Insurance Program as Congress considers legislation to reauthorize and possibly reform the program.  Read more Report:...
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E-News 8-15-25 FEDERAL GOVERNMENT RELATIONS Labor Department rescinds guidance on alternative assets in 401(k) plans The Labor Department rescinded a 2021 supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan investment menus. Read more National trade associations: Close payment of interest loophole for stablecoins Five national financial services associations are urging lawmakers to close a legal loophole that may allow for the payment of interest and yield on stablecoins despite a recent prohibition against the practice. Read...
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E-News 8-8-25 FEDERAL GOVERNMENT RELATIONS Trump directs banking agencies to investigate, fix rules that contribute to debanking President Trump issued an executive order that directs federal agencies to investigate whether financial institutions denied services to customers because of their political beliefs or because they were engaged in certain business activities, such as cryptocurrency. Read more Fed officials signal rate cuts amid economic slowdown Federal Reserve officials are expressing concern about a cooling labor market and a slowing economy, with Minneapolis Fed President Neel...
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