U.S. Sens. Deb Fischer (R-NE) and Angus King (I-ME) are sponsoring a bill in the U.S. Senate that would make the Paid Family and Medical Leave (PFML) Employer Tax Credit permanent. Their bill, the ...
Read More
On Monday, the Securities and Exchange Commission (SEC) announced charges against the founder and a promoter of HyperFund for their part in what the agency termed a $1.7 billion “crypto asset pyrami...
Read More
The Office of the Comptroller of the Currency (OCC) is seeking feedback on a proposal to update its rules for business combinations involving national banks and federal savings associations. In ad...
Read More
The Federal Reserve Board’s proposal to cap debit interchange fees could increase consumer costs by up to $2 billion, according to a new white paper. The paper, called How Proposed Interchange Fe...
Read More
U.S. Reps. Sam Graves (R-MO) and Emanuel Cleaver (D-MO) called for an end to U.S. Postal Service price increases on stamps, last week. In response to the USPS’s fourth rate increase in the last ...
Read More
U.S. Rep. Maxine Waters (D-CA) voiced her concern about five trademark applications by Meta Platform related to digital assets services and blockchain technology. Waters, the ranking member on the ...
Read More
According to a new survey from RSM US LLP, in conjunction with the U.S. Chamber of Commerce, two thirds of middle market companies expect to increase hiring levels this year, a record high since 2015....
Read More
The Commodity Futures Trading Commission (CFTC) issued a request for comment last week for information on the current and potential uses and risks of artificial intelligence (AI) in the derivatives ma...
Read More
On Thursday, U.S. Sen. Bob Casey (D-PA) joined colleagues to introduce legislation aimed at reducing the cost of child care by providing working parents with tax credits. The Child and Dependent C...
Read More
U.S. Rep. Brad Sherman (D-CA) released a draft of legislation that would exclude investments in China, Russia, Belarus, and Iran from eligibility for lower capital gains tax rates. Sherman’s No ...
Read More
A new rule proposed by the Consumer Financial Protection Bureau (CFPB) would block banks and other financial institutions from instituting junk fees on transactions declined at the swipe, tap or click...
Read More
The Securities and Exchange Commission (SEC) adopted new rules and amendments this week that would impact initial public offerings (IPOs) by special purpose acquisition companies (SPACs). SPAC IPOs...
Read More
The Public Company Accounting Oversight Board (PCAOB) took disciplinary action against a firm and individuals tied to it for violations of its rules and standards. Specifically, the actions were ta...
Read More
U.S. Rep. Zach Nunn (R-IA) and U. S. Sen. Jerry Moran (R-KS) are leading an effort to caution federal regulators on how they believe the new proposed capital requirements on banks would impact the agr...
Read More
According to the Security and Exchange Commission, cryptocurrency-related enforcements rose by more than half in 2023. Of the 46 enforcement actions brought against digital-asset market participan...
Read More
On Monday, the U.S. Treasury Department announced it had approved more than $228 million in American Rescue Plan funding to be spent on high-speed projects across New York state. The funding, part...
Read More
The CEO of an investment management firm was sentenced to prison for fraudulently misappropriating profitable trades to himself, at the expense of investors, according to the U.S. Department of Justic...
Read More
U.S. Rep. John Curtis (R-UT) introduced a bill that would prohibit natural asset companies, or any similar entity, from entering into any agreement that would impact public land. In October 2023, t...
Read More
On Friday, the Federal Deposit Insurance Corporation (FDIC) sent letters to five entities demanding they stop making false and misleading claims about FDIC deposit insurance. According to the lett...
Read More
A group of U.S. senators sent a letter to federal regulators last week, voicing their support for the new capital rules proposed by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC...
Read More