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Senate Passes Bill To Help Treasury Regulate Nonbanks

By David McAfee (August 1, 2014, 8:23 PM EDT) -- The U.S. Senate on Friday passed a bill that would allow the U.S. Department of the Treasury to use state examinations for small, nonbank financial businesses, such as money services businesses, instead of federal reporting requirements when gauging compliance, sending the bill to President Barack Obama....

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