U.S. Sens. Richard Burr (R-NC) and Bob Casey (D-PA) recently introduced a bill that seeks to offer parents greater flexibility regarding transferring unused/excess funds from a college savings account...
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The Securities and Exchange Commission (SEC) recently charged the City of Rochester, N.Y., some former city officials, and an advisor with misleading investors in a $119 million bond offering. Spec...
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U.S. Sens. John Hoeven (R-ND) and Tim Scott (R-SC) are among a group of senators expressing concerns about a proposed Securities and Exchange Commission (SEC) rule on climate disclosures, particularly...
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U.S. Rep. Eleanor Holmes Norton (D-DC) recently forwarded correspondence to the Federal Retirement Thrift Investment Board, noting concerns regarding constituents having difficulty accessing their Thr...
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Results from a Bitcoin IRA survey determined that close to 80 percent of respondents consider investing in cryptocurrency as part of their retirement portfolios. Bitcoin IRA officials indicated mo...
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The Consumer Bankers Association (CBA) voiced its opposition to a bill that addresses bank overdraft services and fees for customers. In a new letter sent to the House Committee on Financial Servi...
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A bill introduced by U.S. Rep. Pete Stauber (R-MN) that is designed to help more small businesses compete for federal contracts was approved by the U.S. House of Representatives. The Strengthening...
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The Illinois Department of Financial and Professional Regulation (IDFPR) recently detailed the next steps toward issuing 185 Conditional Adult Use Cannabis Dispensing Organization Licenses. The pro...
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Global financial technology firm Circle Internet Financial Limited has agreed to acquire Taiwan-based crypto technology company CYBAVO. “CYBAVO co-founders Paul Fan and Tim Hsu have built an incr...
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U.S. Rep. Peter DeFazio (D-OR) and Sen. Bernie Sanders (I-VT) introduced joint legislation to strengthen and expand Social Security. The Social Security Expansion Act (SSEA) would extend the solven...
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U.S. Rep. Bill Foster (D-IL) introduced legislation last week in the U.S. House of Representatives that would allow students to take over the student debt that was incurred on their behalf. Foster...
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The non-profit agency Digital Asset Advocacy Group (DAAG) recently released a report detailing the rising use and risks of crypto lending. The report, Crypto Lending and the Need for Consumer Prote...
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The Consumer Financial Protection Bureau (CFPB) has issued a Request for Information in conjunction with an inquiry into practices and financial products that may leave employees indebted to employers...
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The U.S. House of Representatives passed a bill to extend a provision within the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that establishes streamlined bankruptcy procedures for s...
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The House of Representatives has advanced two bills that seek to extend efforts to address Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) program fraud. House S...
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The Federal Housing Finance Agency (FHFA) recently released the 2022-2024 Fannie Mae and Freddie Mac Equitable Housing Finance Plans, which detail efforts targeting sustainable housing access. The ...
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The Independent Community Bankers of America (ICBA), along with a coalition of 44 state community banking associations, is urging Congress to include legislation in the America COMPETES Act that allow...
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The New York State Department of Financial Services (DFS) put out regulatory guidance to establish the criteria for stablecoins issued under DFS oversight. “Since DFS approved the first USD-backe...
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The U.S. Government Accountability Office (GAO) has added the unemployment insurance (UI) system to the list of federal areas that are considered “high risk” for waste, fraud, abuse, and mismanage...
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U.S. Sens. Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced legislation that would create a regulatory framework for digital assets that encourages responsible financial innovation, flex...
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