Federal lawmaker aims to stall FinCEN’s ability to enforce BOI reporting requirements

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By Kim Riley  |  December 9, 2024

Though a federal court previously issued a preliminary injunction against the beneficial ownership information (BOI) reporting requirements issued in January, a newly proposed bill in Congress would prohibit enforcement of the rule until the Financial Crimes Enforcement Network (FinCEN) meets specific criteria. FinCEN on Jan. 1 launched its BOI E-Filing website so that companies may report their information digitally to comply with the Corporate Transparency Act. However, while an online meth...

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Report: Centers for Medicare and Medicaid Services lacks controls to prevent illegal federal payments

By Liz Carey |
December 6, 2024

A new report from the Government Accountability Office has found that the Centers for Medicare and Medicaid Services (CM...Read More »

Federal bank regulators seek comment on ways to reduce regulatory burden

By Dave Kovaleski |
December 5, 2024

The federal bank regulatory agencies issued a notice seeking public comment on ways to reduce the regulatory burden. ...Read More »

CFPB proposes rule to prevent data brokers from selling personal information

By Dave Kovaleski |
December 4, 2024

The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell personal and fin...Read More »

SBA, OMB take steps to increase federal lending access for small businesses

By Dave Kovaleski |
December 3, 2024

The Small Business Administration (SBA) and the Office of Management and Budget (OMB) took actions to increase access to...Read More »

RMA Survey finds cybersecurity, fraud and rapid response key banking risks

By Liz Carey |
December 2, 2024

A new survey from ProSight Financial Association has found that cybersecurity remains a top priority for chief risk offi...Read More »

Treasury issues report on State Small Business Credit Initiative

By Dave Kovaleski |
November 27, 2024

The U.S. Department of the Treasury issued a report on the achievements during the first two years of the State Small Bu...Read More »

Blockchain Association outlines priorities for incoming Trump administration

By Dave Kovaleski |
November 26, 2024

The Blockchain Association outlines its priorities for the upcoming Trump administration. The association, representi...Read More »

House passes bill to end tax penalties for U.S. hostages, stop financing of terrorists

By Kim Riley |
November 25, 2024

A bipartisan bill that would remove the tax-exempt status of U.S.-based organizations found to be materially supporting ...Read More »

Implementation of 45X tax credit rule would be blocked under proposed resolution

By Kim Riley |
November 22, 2024

A newly introduced bipartisan resolution in Congress would block the implementation of a recent tax credit rule that app...Read More »

Utah Attorney General leads effort to challenge SEC authority on state crypto laws

By Dave Kovaleski |
November 21, 2024

Utah Attorney General Sean Reyes is leading a coalition of 18 states to challenge the Securities Exchange Commission’s...Read More »

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