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Tuesday, May 13th, 2025

Home » Archives for March 2022 » Page 3

CanPay details retail transactions milestone

By Douglas Clark  |   March 21, 2022   |   Cannabis Banking

Cannabis retailer and consumer payment network CanPay said it has eclipsed half a billion dollars in transparent transactions in states where cannabis is legal. "Surpassing $500 million in regulat...

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NJ-CRC begins accepting license applications for cannabis dispensaries

By Liz Carey  |   March 18, 2022   |   Cannabis Banking

The New Jersey Cannabis Regulatory Commission began accepting license applications for cannabis dispensaries last week. As of Thursday, the commission said, 172 applications had been completed and...

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Borrower Insights Survey reveals how pandemic has changed home buying market

By Dave Kovaleski  |   March 18, 2022   |   Featured

The COVID-19 pandemic has transformed certain aspects of the home buying market, according to the 2022 Borrower Insights Survey developed by ICE Mortgage Technology. The survey of 2,000 Americans -...

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Trulieve unveils expands service, operation initiative

By Douglas Clark  |   March 18, 2022   |   Cannabis Banking

Representatives of the cannabis firm Trulieve Cannabis Corp. said the company has launched its nationwide Supplier Diversity Initiative to expand its services and operations. "Trulieve's Supplier D...

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Sen. Brown seeks private equity’s insurance industry role

By Douglas Clark  |   March 18, 2022   |   Federal

Senate Committee on Banking, Housing, and Urban Affairs Chairman Sherrod Brown (D-OH) has forwarded correspondence to two entities regarding concerns about private equity’s insurance industry role. ...

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SEC’s info gathering from private crypto, blockchain firms comes under federal scrutiny

By Kim Riley  |   March 17, 2022   |   Digital Currency

To ensure transparency and accountability, a bipartisan contingent of federal lawmakers earlier this week requested that the Securities and Exchange Commission (SEC) detail its information-seeking req...

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Canopy, Liquid Mortgage developing digitally native mortgage offering

By Douglas Clark  |   March 17, 2022   |   Digital Currency

Canopy Financial Technology Partners and Liquid Mortgage officials said the firms are partnering to develop a digitally native mortgage solution aiding loan investors and securities issuers. The co...

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Sen. Wyden urges CMS to apply pharmacy fees at point of sale to lower drug costs

By Dave Kovaleski  |   March 17, 2022   |   Featured

U.S. Sen. Ron Wyden (D-OR) is urging the Centers for Medicare and Medicaid Services (CMS) to finalize the proposal that applies all pharmacy direct and indirect remuneration (DIR) fees to drug prices ...

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Reps. McHenry, Smith introduce bill to modernize IRS filings for startups

By Dave Kovaleski  |   March 17, 2022   |   Federal

U.S. Reps. Patrick McHenry (R-NC) and Adrian Smith (R-NE) introduced legislation that would modernize how 83(b) election forms are filed with the Internal Revenue Service (IRS). The Eliminating Pap...

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Shield Compliance details cannabis industry platform growth

By Douglas Clark  |   March 17, 2022   |   Cannabis Banking

Cannabis compliance management software developer Shield Compliance is detailing its growth within the industry, noting 220 percent year-over-year revenue growth in 2021 while doubling the financial i...

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NAFCU issues Federal Housing Finance Agency strategic plan recommendations

By Douglas Clark  |   March 16, 2022   |   Federal

The National Association of Federally-Insured Credit Unions (NAFCU) has issued three recommendations to the Federal Housing Finance Agency (FHFA) regarding its draft strategic plan for fiscal years 20...

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Bill seeks to stifle Russian gold access amid Ukraine war

By Douglas Clark  |   March 16, 2022   |   Federal

A bipartisan group of legislators recently introduced the Stop Russian Government and Oligarchs from Limiting Democracy (GOLD) Act of 2022, which seeks to prevent Russia’s Central Bank from accessin...

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Bipartisan legislators seek answers from IRS on issues related to backlog

By Dave Kovaleski  |   March 16, 2022   |   Federal

A bipartisan group of Congress members is seeking answers from the Internal Revenue Service (IRS) on how it is dealing with processing issues and taxpayer return backlogs with the current tax filing s...

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CoinLedger survey looks at tax reporting trends among crypto investors

By Dave Kovaleski  |   March 16, 2022   |   Digital Currency

CoinLedger's recently released State of Crypto Tax Reporting Survey revealed that there is some confusion among cryptocurrency investors when it comes to reporting taxes. The survey polled more th...

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Commodity Futures Trading Commission details Ponzi scheme complaint

By Douglas Clark  |   March 15, 2022   |   Digital Currency

The Commodity Futures Trading Commission (CFTC) has detailed federal civil enforcement action charging four persons with fraud for operating Ponzi schemes involving bitcoin. According to the CFTC's...

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Sen. Ernst introduces bill to limit national debt owed to foreign governments

By Dave Kovaleski  |   March 15, 2022   |   Featured

U.S. Sen. Joni Ernst (R-IA) has introduced legislation that seeks to limit the total amount of national debt owed to foreign governments, entities, and individuals. Her bill, the National Debt is ...

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Sen. Wyden outlines tax policies to hold Russia accountable for Ukraine invasion

By Dave Kovaleski  |   March 15, 2022   |   Federal

U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, outlined tax policies he is developing to hold Russia accountable for its invasion of Ukraine. One of the measures Wyden is develo...

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New Jersey secures cannabis track-and-trace system

By Douglas Clark  |   March 15, 2022   |   Cannabis Banking

New Jersey officials have finalized a contract with cannabis regulatory track-and-trace systems provider Metrc. "As New Jersey kicks off its first cannabis track-and-trace system, we're excited to ...

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New York Gov. Hochul details cannabis Seeding Opportunity Initiative

By Douglas Clark  |   March 14, 2022   |   Cannabis Banking

New York Gov. Kathy Hochul outlined the state's Seeding Opportunity Initiative, which positions individuals with prior cannabis-related criminal offenses to make the first adult-use cannabis sales wit...

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Sen. Toomey critical of EXIM domestic financing proposal

By Douglas Clark  |   March 14, 2022   |   Federal

U.S. Sen. Pat Toomey (R-PA) has forwarded correspondence to Export-Import Bank of the United States (EXIM) officials, expressing concerns regarding EXIM's Domestic Financing Program proposal. Toome...

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Cannabis Banking

  • 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
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
  • PGI Global founder charged in crypto fraud scheme
  • SEC Crypto Task Force to hold crypto custody roundtable

Most Read Last 7 Days

  • Lawmakers urge reconsideration of Capital One-Discover merger
  • CFPB says it will not prioritize buy now, pay later enforcement
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • Forward Air board under fire from activist investor Ancora
  • OCC adopts new rules for bank mergers
  • Legislation would help small businesses bring new technologies to market
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Legislation would promote competition in mobile app marketplace

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