The Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL) are urging the Consumer Financial Protection Bureau (CFPB) to develop a rule that makes non-depository, non-bank len...
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U.S. Rep. Troy Carter (D-LA) is hoping to provide more opportunities for legitimate cannabis businesses to access capital and grow the industry. “I have heard about the challenges of those awarde...
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A bill was introduced in the U.S. Senate that would prohibit the ability of Federal Reserve banks to issue central bank digital currency (CBDC). The No Central Bank Digital Currency Act (S.4831), i...
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Securities and Exchange Commission (SEC) officials have outlined proposed rule changes focusing on Treasury securities clearinghouses oversight. “The Securities and Exchange Commission plays a cr...
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U.S. Rep. Jared Huffman (D-CA) introduced a bill that would allow small cannabis producers to ship and sell their products directly to consumers. The Small and Homestead Independent Producers (SHI...
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U.S. Rep. Mike Bost is touting the House of Representatives' advancement of legislation seeking to enhance Veterans Affairs (VA) home loan financing accessibility. The lawmaker indicated the Improv...
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On Tuesday, Charles Schwab, Fidelity Digital Assets, and a group of other major financial firms announced a new exchange for trading cryptocurrency and other digital assets. The exchange, EDX Mark...
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U.S. Reps. Chris Pappas (D-NH) and Brian Fitzpatrick (R-PA) renewed their call to House leadership to vote on legislation that would ban stock trading by members of Congress. “As we work to ensu...
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U.S. Sens. Cynthia Lummis (R-WY), John Thune (R-SD), Todd Young (R-IN), Shelley Moore Capito (R-WV), Mike Lee (R-UT), and Dan Sullivan (R-AK) forwarded correspondence Tuesday to Federal Trade Commissi...
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Securities and Exchange Commission (SEC) officials have detailed a complaint against four underwriting firms, alleging failure to comply with municipal bond offering disclosure requirements. The SE...
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A new survey has found that customers are highly satisfied with their bank’s customer service and fraud protection. In advance of a congressional hearing with bank CEOs, Morning Consult surveyed...
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More than 100 cannabis business leaders from across the United States met with congressional members this week and called for passage of the bipartisan SAFE Banking Act during a lobbying event held on...
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A Pennsylvania state senator plans “in the near future” to introduce legislation that would amend the Commonwealth’s medical marijuana program to provide in-state, independent grower/processors ...
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The Financial Industry Regulatory Authority (FINRA) has fined BofA Securities for failing to report over-the-counter (OTC) options positions to the Large Options Positions Reporting system (LOPR). ...
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U.S. Reps. Earl Carter (R-GA) and Doug Lamborn (R-CO) are urging the Biden administration to consider the threats that the potential nationwide legalization of marijuana would pose to the nation's ene...
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U.S. Rep. Ayanna Pressley (D-MA) and U.S. Sen. Elizabeth Warren (D-MA) recently forwarded correspondence to the nine federal student loan servicers, ensuring that borrowers receive accurate and timely...
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Senate Finance Committee Republicans Ranking Member Mike Crapo (R-ID) has introduced legislation that outlines Internal Revenue Service (IRS) audit prohibitions regarding those earning less than $400,...
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A group of U.S. senators is seeking information from Meta CEO Mark Zuckerberg about the company’s efforts to combat cryptocurrency scams on its platforms and hold bad actors accountable. The sena...
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U.S. Sen. Bob Menendez (D-NJ) is advocating the Senate passage of the SAFE Banking Act while also encouraging efforts to strengthen the National Flood Insurance Program (NFIP). Menendez authored th...
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The Government Accountability Office (GAO) has issued recommendations to the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) regarding bank regulat...
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