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Home » Archives for July 2019 » Page 3

Consumer bankers urge lawmakers to pass plain-language loan disclosures

By Dave Kovaleski  |   July 2, 2019   |   Featured

The Consumer Bankers Association (CBA) is urging lawmakers to support the Student Loan Disclosure Modernization Act, which would require federal student loans to carry plain-language disclosures on th...

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Largest banks meet Fed expectations for capital planning

By Dave Kovaleski  |   July 1, 2019   |   Featured

The nation’s largest banks have strong levels of capital, and most are meeting supervisory expectations for capital planning, the Federal Reserve Board reported last week. Consequently, as part o...

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Credit Union National Association addresses Senate version of NDAA

By Douglas Clark  |   July 1, 2019   |   Federal

Credit Union National Association (CUNA) officials said the organization would continue to work with Congress regarding National Defense Authorization Act (NDAA), despite Senate passage of its version...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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  • Agencies ask for public comment on proposed stablecoin regulations
  • Reps. Suozzi, Cole introduce bill to create Social Security solvency commission
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