Mastercard is expanding its payments-focused consulting service with new practices dedicated to open banking, crypto and digital currencies, and environment, social & governance (ESG). The Open Ban...
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Last week, New York State Assembly announced the passage of a measure authorizing adult use marijuana temporary and conditional licenses for cultivation and processing. Officials said Speaker Carl ...
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Three Republican congressmen introduced legislation that seeks to protect small banks and lenders from certain compliance standards. The Small LENDER Act (H.R. 6732) -- introduced by U.S. Reps. Fre...
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A group of lawmakers recently forwarded correspondence to the Department of the Treasury, requesting unused Emergency Rental Assistance Program (ERA) funds be reallocated to states in highest need. ...
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The Consumer Financial Protection Bureau (CFPB) recently announced a new public engagement and regulatory request revision process, which should prove universally beneficial. "Americans should be a...
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The Independent Community Bankers of America (ICBA) recently expressed its support of several bills that address the Consumer Financial Protection Bureau’s proposal to implement new data collection ...
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Michigan state officials said Gov. Gretchen Whitmer has taken action to consolidate the regulatory bodies responsible for overseeing cannabis and hemp processing, distribution, and sale as a means of ...
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Senate Finance Committee Republicans have forwarded correspondence to Congressional Budget Office Director Phillip Swagel, seeking information on how inflation impacts the federal budget. “Increa...
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CME Group, a derivatives exchange, is launching two new reference rates for Bitcoin and Ether on Feb. 28. The two reference rates are the CME CF Bitcoin Reference Rate New York (BRRNY) and CME CF E...
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U.S. Rep. Josh Gottheimer (D-NJ) introduced a discussion draft of a bill that seeks to define stablecoins and put protections in place for consumers and investors. Overall, the Stablecoin Innovat...
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A newly released Mortgage Bankers Association (MBA) forecast maintains total commercial and multifamily mortgage borrowing and lending is slated to exceed $1 trillion for the first time this year. ...
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The Bank Policy Institute (BPI), a nonpartisan public policy, research and advocacy group, has issued principles to regulators regarding bank climate risk guidance. BPI has filed a pair of comment ...
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The North American Securities Administrators Association (NASAA) and the U.S. Securities and Exchange Commission (SEC) announced a $100 million settlement with BlockFi Lending. The settlement follo...
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U.S. Rep. Patrick McHenry (R-NC) is urging greater oversight by the U.S. Treasury of the Emergency Rental Assistance (ERA) programs. McHenry, the ranking member on the House Financial Services Com...
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The Biden administration called on Congress Tuesday to develop laws and regulations to govern cryptocurrency transactions, specifically stablecoins, and to protect consumers and investors engaged in t...
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U.S. Sens. Elizabeth Warren (D-MA) and Tina Smith (D-MN) expressed concerns about the Employee Benefits Security Administration (EBSA) proposal to grant a one-year exemption to Credit Suisse Group AG....
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The U.S. Securities and Exchange Commission (SEC) has proposed amendments to a rule governing beneficial ownership to provide more timely information. The proposed amendments to Regulation 13D-G wo...
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Special purpose acquisition corporation Northern Lights has announced the acquisition of cannabis-focused financial services provider Safe Harbor. Northern Lights and Safe Harbor will be led by Saf...
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California state officials said the Office of Business and Economic Development (GO-Biz) has earmarked $35 million in grant funding as a means of spurring cannabis industry equity initiatives. The ...
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The Federal Reserve Board released the hypothetical scenarios for its annual bank stress tests last week. These tests help ensure that large banks can lend to households and businesses even in a se...
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