Federal lawmaker aims to stall FinCEN’s ability to enforce BOI reporting requirements
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...
Read MoreFeatured
Report: Centers for Medicare and Medicaid Services lacks controls to prevent illegal federal payments
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
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
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
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
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
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
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
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
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
Utah Attorney General Sean Reyes is leading a coalition of 18 states to challenge the Securities Exchange Commission’s...Read More »