Congress is slated to vote on the $1.7 trillion omnibus appropriations package this week to fund the federal government, but as it currently stands, the SAFE Banking Act won’t be part of it. The SA...
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The Federal Reserve Board and the Federal Deposit Insurance Corporation released the updated asset-size thresholds to define certain banks under the Community Reinvestment Act (CRA). Specifically, ...
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A group of lawmakers recently forwarded correspondence to some tax preparation companies and tech forms outlining concerns companies allegedly have been secretly transmitting individual taxpayers’ s...
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U.S. Sen. Shelley Moore Capito (R-WV) and Rep. Carol Miller (R-WV) introduced legislation to delay the implementation of a provision in the American Rescue Plan that lowers the threshold to receive a ...
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U.S. Rep. Steve Womack (R-AR) and U.S. Sen. Mike Braun (R-IN) have introduced the Tipped Employee Protection Act of 2022 (H.R.9523), which seeks to protect and preserve the tipped wage and job opportu...
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U.S. Rep. Ann Wagner (R-MO) recently introduced legislation that seeks to protect retail investors from arbitrary and unnecessary Securities and Exchange Commission (SEC) rulemaking. Wagner recentl...
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New Jersey state officials are espousing the benefits of recreational and medicinal cannabis sales, noting 2022 third-quarter recreational cannabis sales totaled over $100 million. “New Jersey is...
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The U.S. Congress Joint Economic Committee (JEC) issued a report on the volatile digital asset market and the need for further protections to mitigate risks to investors and the U.S. financial system....
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The Financial Stability Oversight Council approved its 2022 annual report, which cites both risks to the U.S. economy as well as the resilience of the financial system. In summary, the report exa...
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The Bank Policy Institute (BPI) and The Clearing House (TCH) weighed in on two reports recently issued by the Financial Stability Board (FSB) on approaches for the oversight and regulation of digital ...
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U.S. Sens. Pat Toomey (R-PA) and Bill Hagerty (R-TN) introduced legislation last week that would make the Consumer Financial Protection Bureau (CFPB) accountable to Congress. The CFPB Stability Ac...
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A group of lawmakers recently urged the Government Accountability Office (GAO) to conduct a comprehensive study on asset management disparities. U.S. Rep. Maxine Waters (D-CA), chairwoman of the Ho...
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U.S. Sens. Ron Wyden (D-OR) and Bob Casey (D-PA) recently praised Biden administration proposals seeking protections for people with Medicare. Health and Human Services (HHS), via the Centers for M...
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The Securities and Exchange Commission (SEC) adopted new disclosure requirements to enhance investor protections against insider trading. The amendments include updates that aim to strengthen inve...
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U.S. Sens. Elizabeth Warren (D-MA) and Roger Marshall (R-KS) introduced legislation that seeks to mitigate the risks that cryptocurrency and other digital assets pose to the country’s national secur...
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99999++House Financial Services Committee Republicans are expressing concerns to the Consumer Financial Protection Bureau (CFPB) regarding actions related to nonbank financial firms exceeding the agen...
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The Independent Community Bankers of America (ICBA) has indicated consumers join the organization in opposing the Credit Card Competition Act, noting the measure would end popular credit card rewards ...
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U.S. Sen. Marco Rubio (R-FL) and U.S. Rep. Ro Khanna (D-CA) introduced legislation this week that seeks to rebuild critical industries by increasing coordination between federal finance programs. ...
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The U.S. venture capital (VC) deals are slowing in the face of ongoing economic headwinds, according to the Q3 2022 PitchBook-NVCA Venture Monitor. The quarterly report, produced by PitchBook and t...
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Justice Department officials have outlined the Danske Bank guilty plea and agreement to forfeit $2 billion to resolve the U.S. investigation into alleged fraud on domestic banks. The Justice Depart...
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