WASHINGTON, Jan. 28 (TNSFR) -- The Federal Reserve is reviewing multiple applications submitted under the Bank Holding Company Act seeking approval for proposed acquisitions and the formation of new bank holding companies. The Lindsey Family Trust of Lennox, Georgia, has applied to become a bank holding company by acquiring Trust Holding Company, Inc., and The Trust Bank, both based in Lenox, Georgia. Additionally, Morning Sun Bank Corp. of Morning Sun, Iowa, seeks to acquire First Trust and Sa  more

WASHINGTON, Jan. 28 -- Rep. Brad Finstad, R-Minnesota, issued the following news release: * * * Finstad, Emmer, Fischbach, Stauber Nominate Candidates for USDA State Positions WASHINGTON, D.C. - Today, Congressman Brad Finstad (MN-01), Congressman Tom Emmer (MN-06), Congresswoman Michelle Fischbach (MN-07), and Congressman Pete Stauber (MN-08) announced their nominations for candidates to fill appointed state roles within the U.S. Department of Agriculture (USDA) to administer Farm Service Ag  more

WASHINGTON, Jan. 29 -- Rep. Angie Craig, D-Minnesota, ranking member of the House Agriculture Committee, issued the following statement on Jan. 28, 2025: * * * Today, House Agriculture Ranking Member Angie Craig released the following statement in response to a poorly written and vague memo from the Office of Management and Budget declaring that federal loan and grant programs must cease operations by 5 PM EST on January 28, 2025. "I am hearing questions and concerns from across the farm bill  more

WASHINGTON, Jan. 28 -- The House Financial Services Committee issued a report (H.Rpt. 118-788) on the Bank Resilience and Regulatory Improvement Act (H.R. 8337), which aims to amend the Federal banking laws to improve the safety and soundness of the United States banking system. The report was advanced by Rep. Patrick T. McHenry, R-North Carolina, on Dec. 3, 2024. Here are excerpts: * * * Purpose and Summary Introduced on May 10, 2024, by Representative Andy Barr, H.R. 8337, the Bank Resilie  more

WASHINGTON, Jan. 28 -- The House Financial Services Committee issued a report (H.Rpt. 118-787) on the Earned Wage Access Consumer Protection Act (H.R. 7428), which aims to regulate the business of offering and providing earned wage access services to consumers. The report was advanced by Rep. Patrick T. McHenry, R-North Carolina, on Dec. 3, 2024. Here are excerpts: * * * Purpose and Summary Introduced on February 20, 2024, by Representative Bryan Steil, H.R. 7428, the Earned Wage Access Con  more

WASHINGTON, Jan. 28 (TNSres) -- The U.S. Department of Labor Bureau of Labor Statistics issued the following document from Economics Daily: * * * Job openings rates increased in 2 states in November 2024 January 28, 2025 Job openings rates increased in 2 states, decreased in 2 states, and were little changed in 46 states and the District of Columbia in November 2024. The national job openings rate (4.8 percent) was little changed over the month. The increases in job openings rates occurred   more

MINNEAPOLIS, Minnesota, Jan. 29 -- The office of the U.S. Attorney for the District of Minnesota issued the following news release: Two more defendants pleaded guilty for their roles in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced Acting U.S. Attorney Lisa D. Kirkpatrick. According to court documents, from approximately April 2020 through January 2022, Abdulkadir Nur Salah, 38, of Columbia Heights, Minnesota, an  more

WASHINGTON, Jan. 27 -- Rep. Brad Finstad, R-Minnesota, issued the following news release: * * * Minnesota Republican Congressional Delegation Sends President Trump Recommendations for Minnesota's U.S. Attorney and U.S. Marshal Positions WASHINGTON, D.C. - Today, Representatives Brad Finstad, Tom Emmer, Michelle Fischbach, and Pete Stauber sent President Donald Trump their recommendations for the role of U.S. Attorney for the District of Minnesota and the role of U.S. Marshal for the District   more

WASHINGTON, Jan. 28 -- Rep. Zach Nunn, R-Iowa, issued the following news release: * * * Nunn Introduces Bipartisan Bill to Protect Small Businesses from Excessive Paperwork DES MOINES -- U.S. Representative Zach Nunn (IA-03) today introduced a bipartisan bill to reduce excessive paperwork for small businesses. The Protect Small Business from Excessive Paperwork Act, co-led by U.S. Representatives Tom Emmer (MN-06), Sharice Davids (KS-03), and Don Davis (NC-01), will make it easier for Main St  more

WASHINGTON, Jan. 29 -- Sen. Amy Klobuchar, D-Minnesota, issued the following statement on Jan. 28, 2025: * * * U.S. Senator Amy Klobuchar (D-MN) released the following statement on the federal funding freeze. "This unprecedented and unconstitutional move is causing chaos and jeopardizing critical support for everything from pediatric cancer research to equipment for our first responders. Much of this funding passed Congress with strong bipartisan support and Americans count on these services  more

WASHINGTON, Jan. 29 -- Sen. Amy Klobuchar, D-Minnesota, issued the following statement on Jan. 28, 2025: * * * U.S. Senator Amy Klobuchar (D-MN), Ranking Member of the Senate Committee on Agriculture, Nutrition, & Forestry, released the following statement in response to the Office of Management and Budget ordering agencies to withhold approved federal funding. While the freeze is currently on hold due to a temporary emergency federal court order, the proposed cuts are of great concern to rura  more

WASHINGTON, Jan. 28 -- Rep. Ilhan Omar, D-Minnesota, issued the following news release: * * * Rep. Omar's Statement on the Trump Administration's Federal Funding Freeze WASHINGTON - Rep. Ilhan Omar released the following statement on the Trump administration's move to freeze federal grant, loan, and other financial assistance programs: "The Trump administration is waging a direct attack on the American people by freezing federal funding for critical programs that millions rely on. This free  more

WASHINGTON, Jan. 28 -- Rep. Betty McCollum, D-Minnesota, issued the following news release: * * * U.S. Rep McCollum: Donald Trump is Making Good on his Promise to be a Dictator on Day One WASHINGTON, D.C. -- The White House Office of Management and Budget ordered a freeze on all federal grants and loans, according to an internal memo publicized on Monday night, halting trillions of dollars of Congressionally-appropriated funds relied upon by millions of Americans. In response to this brazenly  more

WASHINGTON, Jan. 29 -- Rep. Kelly Morrison, D-Minnesota, issued the following news release: * * * On the heels of appointment to the Small Business Committee, Rep. Morrison joins Republican colleagues in bipartisan effort to support rural small business owners * * * Today, U.S. Congresswoman Kelly Morrison (MN-03) is introducing her first bill in Congress - the Rural Small Business Resilience Act. This bipartisan legislation, introduced by Rep. Morrison, Rep. Troy Downing (MT-02), Rep. Aaron  more