A group of Democratic senators sent an inquiry to student loan servicing company, Maximus, which has a federal contract with the U.S. Department of Education (ED).© Shutterstock Maximus assumed the federal contract that Navient had with the Department of Education (ED). In October, Navient announced they are transferring their federal loan servicing contract to Maximus. […]
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The U.S. Treasury Department has reached an agreement with Turkey regarding transitioning from the existing Turkish Digital Services Tax to a new multilateral solution.© Shutterstock The agreement was established in the wake of last month’s historic agreement reached between 137 countries of the OECD-G20 Inclusive Framework on a two Pillar package of reforms to the […]
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Mortgage Bankers Association (MBA) officials have detailed the membership of its 2022 Affordable Rental Housing Advisory Council, which provides input regarding affordable rental housing and homeownership.© Shutterstock The panel plays a pivotal role in the MBA’s CONVERGENCE Initiative. The Advisory Council on Affordable Homeownership provides recommendations, feedback, and ideas regarding where the MBA should allocate […]
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Two Republican congressmen are urging the Biden administration’s Council on Environmental Quality not to reinstate certain proposed National Environmental Policy Act (NEPA) regulations. © Shutterstock The proposed rule, Phase 1 of 2, would require agencies to evaluate all environmental impacts of their decisions, considering direct, indirect, and cumulative effects, including issues related to climate change […]
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Last week, President Joe Biden nominated Jerome Powell for a second term as chair of the Board of Governors of the Federal Reserve System.Jerome Powell The White House praised Powell for his leadership during the pandemic to cushion the blow of the pandemic and help get the economy growing again. Since Biden took office, the […]
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Independent Community Bankers of America (ICBA) officials are touting the benefits of the recently launched BankTech Ventures Investment Fund, noting the endeavor would maximize efficiencies and expand revenue opportunities.© Shutterstock The venture capital fund seeks to accelerate community bank technology opportunities and adoption. IBCA would serve as one of the fund’s investment managers and a […]