Cannabis banking fintech company Abaca said the firm has exceeded $2 billion in cannabis commerce compliant processing. The effort is fueled by aligning its bank-backed financial technology offerin...
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U.S. Sens. Tim Scott (R-SC) and Maggie Hassan (D-NH) introduced a bill designed to help community banks better meet the credit needs of their customers. Specifically, the Minority Deposit Instituti...
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The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) recently released findings from research examining central bank digital currency (CBDC). The Project Hamilton...
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A bill that would reauthorize the Small Business Administration’s SCORE Program was passed by the House Small Business Committee last week. The SCORE for Small Business Act of 2022 (H.R. 6450) n...
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A popular cannabis banking reform amendment offered by U.S. Rep. Ed Perlmutter (D-CO) that would provide protections to financial institutions serving legal cannabis-based businesses on Friday receive...
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Republican members of the Senate Finance Committee are urging their senate colleague to reconsider efforts to implement a tax on financial statement income of U.S. companies. This minimum book inco...
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The Connecticut Department of Consumer Protection announced Wednesday it has begun accepting applications for certain adult-use cannabis licenses. The applications for Lottery applications for adul...
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U.S. Rep. Marilyn Strickland (D-WA) recently joined 10 colleagues in forwarding correspondence to Congressional leadership as a means of advocating Marijuana Opportunity Reinvestment and Expungement (...
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U.S. Sen. John Kennedy (R-LA) is asking the Treasury Department to accelerate the process of returning some $26 billion in unredeemed savings bonds to Americans. Kennedy said the Treasury Departme...
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The regulated blockchain infrastructure platform Paxos has appointed Ben Gray as Global General Counsel. Gray's appointment supports the firm's effort to continue adding to its executive team. "...
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The Consumer Financial Protection Bureau (CFPB) has released a report examining the impact of financial issues people and families encounter with the criminal justice system experience. Justice-Inv...
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The bitcoin firm NYDIG recently launched a Bitcoin Savings Plan to enable employees of leading companies to get paid in bitcoin. "A NYDIG Bitcoin Savings Plan is an easy-to-adopt benefit that can ...
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The Securities and Exchange Commission (SEC) filed charges against a company and its owner for an alleged multimillion-dollar scheme to defraud investors into buying gold and silver coins. The char...
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The leaders of the Senate Finance Committee, Chair Ron Wyden (D-OR) and Ranking Member Mike Crapo (R-ID), are calling on the Biden administration to work with the European Union to revise certain aspe...
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The Public Company Accounting Oversight Board (PCAOB) has launched two new advisory groups — the Investor Advisory Group (IAG) and the Standards and Emerging Issues Advisory Group (SEIAG). The a...
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The U.S. Securities and Exchange Commission (SEC) issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) this week. The report provides a summary of the S...
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The National Association of Professional Insurance Agents (PIA) has released its Issues of Focus for 2022, with officials outlining flood insurance, tax issues, and crop insurance as priorities. ...
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Digital currency infrastructure provider Silvergate Capital Corporation has detailed a transaction with Diem Group to acquire intellectual property and other technology assets to operate a blockchain-...
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U.S. Sen. Roger Wicker (R-MS) recently joined 10 colleagues to express their concerns regarding the agency's final rule for broadband infrastructure funding related to Coronavirus State and Local Reco...
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The Joint Economic Committee (JEC) issued a new report that looks at the benefits of closing the Medicaid coverage gap. In the 11 states that have not expanded Medicaid under the Affordable Care A...
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