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Tuesday, May 13th, 2025

Home » Archives for June 2022 » Page 2

Rep. Joyce champions effort to protect the rights of tribes to use cannabis

By Dave Kovaleski  |   June 23, 2022   |   Cannabis Banking

Legislation to fund the U.S. Department of the Interior and other related agencies for Fiscal Year 2023 includes language to protect the rights of Tribes that have authorized the use, distribution, po...

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FDIC board proposes rule to increase deposit insurance assessment rates

By Dave Kovaleski  |   June 23, 2022   |   Federal

The Federal Deposit Insurance Corporation (FDIC) board proposed a rule to increase deposit insurance assessment rates by 2 basis points for all insured depository institutions. This increase is pro...

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Sen. Warren, Reps. Porter and Sherman request investigation of tax preparation company

By Douglas Clark  |   June 23, 2022   |   Federal

Three Democratic legislators recently forwarded correspondence to Treasury Department, Internal Revenue Service (IRS), and Federal Trade Commission (FTC) officials, requesting an in-depth investigatio...

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Deloitte, NYDIG detail digital assets alliance

By Douglas Clark  |   June 22, 2022   |   Digital Currency

Global professional services organization Deloitte and Bitcoin company NYDIG officials are detailing an alliance that will aid companies in deploying digital asset capabilities. Per Deloitte and NY...

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Reps. LaHood, Sanchez introduce bill to expand access to retirement plans

By Dave Kovaleski  |   June 22, 2022   |   Featured

U.S. Reps. Darin LaHood (R-IL) and Linda Sánchez (D-CA) introduced legislation to expand retirement savings access. The Starter-K Act creates starter defined contribution plans that streamline reg...

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Bill seeks to bolster Special Needs Trust options

By Douglas Clark  |   June 22, 2022   |   Federal

U.S. Sens. Todd Young (R-IN) and Maggie Hassan (D-NH) are detailing legislation that would provide families with greater options and flexibility regarding Special Needs Trusts. The Special Needs Tr...

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Cannabis Regulators Association elects new board members

By Douglas Clark  |   June 21, 2022   |   Cannabis Banking

Cannabis Regulators Association (CANNRA) officials said the organization elected new board members during the first in-person member meeting in Olympia, Wash. Michigan Cannabis Regulatory Agency Ex...

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Measure targets underserved communities tax credits

By Douglas Clark  |   June 21, 2022   |   Federal

U.S. Sens. Roger Wicker, (R-MS), Cindy Hyde-Smith, (R-MS), Mark Warner (D-VA), and Chris Van Hollen (D-MD) recently introduced legislation that would promote economic development in underserved commun...

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House Republicans urge SEC to rescind climate disclosure rules

By Dave Kovaleski  |   June 21, 2022   |   Federal

House Republicans are urging the Securities and Exchange Commission (SEC) to rescind its proposal that would require public companies to make climate change-related disclosures. The GOP lawmakers s...

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Senate Democrats make recommendations to improve SEC climate disclosure rule

By Dave Kovaleski  |   June 21, 2022   |   Featured

A group of Senate Democrats has offered suggestions on improving the Securities and Exchange Commission's (SEC) proposed rules requiring public companies to make climate disclosures. Among the rec...

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Senate Republicans seek more information on SEC climate disclosure rule

By Dave Kovaleski  |   June 20, 2022   |   Federal

Republicans on the U.S. Senate Banking Committee are asking the Securities and Exchange Commission (SEC) chairman to provide more information on its proposed climate disclosure rule. The lawmakers ...

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Sens. Rubio, Warner praise Senate advancement of loan consolidation measure

By Douglas Clark  |   June 20, 2022   |   Federal

U.S. Sens. Marco Rubio (R-FL) and Mark Warner (D-VA) recently applauded the Senate passage of their Joint Consolidation Loan Separation Act of 2021. The bill would provide relief for individuals w...

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CBA expresses CFPB Request for Information concerns

By Douglas Clark  |   June 20, 2022   |   Federal

The Consumer Bankers Association (CBA) expressed concerns regarding the Consumer Financial Protection Bureau's (CFPB) new Request for Information focused on customer service experiences at large finan...

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Bank Policy Institute offers feedback on SECs climate disclosure policy

By Dave Kovaleski  |   June 20, 2022   |   Featured

The Bank Policy Institute (BPI) offered feedback on the Securities and Exchange Commission’s (SEC) proposed climate disclosure policy, expressing its concerns. The proposal would require public ...

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Senators release discussion draft of policies to address youth mental health

By Dave Kovaleski  |   June 17, 2022   |   Featured

A bipartisan group of senators on the Senate Finance Committee released a discussion draft for policies that address youth mental health care. The discussion draft includes policies that would all...

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House advances mortgage, lending, investments racial equity measure

By Douglas Clark  |   June 17, 2022   |   Federal

The U.S. House of Representatives recently advanced legislation introduced by U.S. Rep. Maxine Waters (D-CA) to address racial equity in mortgages, lending, and investments. The Financial Services...

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Maine outlines cannabis community listening tour

By Douglas Clark  |   June 17, 2022   |   Cannabis Banking

Maine Department of Administrative and Financial Services (DAFS) officials said the agency's Office of Cannabis Policy (OCP) plans to conduct five statewide cannabis community engagement and listening...

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BlockFills partners with TPAC Capital on cryptocurrency structured products

By Dave Kovaleski  |   June 17, 2022   |   Digital Currency

BlockFills, a digital asset trading company, is partnering with TPAC Capital to offer structured product solutions to institutions with cryptocurrency. With this partnership, BlockFills will be on...

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Group of Senate Republicans introduce middle-class tax relief bill

By Dave Kovaleski  |   June 16, 2022   |   Featured

A group of Senate Republicans introduced legislation that seeks to provide tax relief and protections for middle-class Americans. The Middle-Class Savings and Investment Act would exclude a reason...

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Kentucky state officials select medical cannabis advisory committee

By Douglas Clark  |   June 16, 2022   |   Cannabis Banking

Kentucky state officials have announced members of the Team Kentucky Medical Cannabis Advisory Committee, which would advise Gov. Andy Beshear regarding medical cannabis access for residents. “Po...

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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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