THE news

WASHINGTON—The Trump Administration’s proposed budget for 2020 includes similarities to those it has previously proposed, including bringing the CFPB under the congressional appropriations process, eliminating the Community Development Financial Institutions (CDFI) Fund, increasing government-sponsored enterprises' (GSEs) guarantee fees, and reforming the National Flood Insurance Program (NFIP).

FOSTER CITY, Calif.—Spending for goods and services generated by Mastercard and Visa credit, debit, and prepaid cards issued in the United States was $6.021 trillion in 2018, an increase of 9.5% over 2017, a new report shows.