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Tuesday, May 13th, 2025

Home » Archives for September 2024 » Page 4

PNC survey probes financial health of American workers

By Dave Kovaleski  |   September 4, 2024   |   Industry

A new survey by PNC Bank examines the financial health and wellness of today's workforce. PNC’s second annual report on the subject entitled, "The Evolving Needs of the Multigenerational American...

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Treasury proposes rule to facilitate clean energy investments in low-income communities

By Dave Kovaleski  |   September 4, 2024   |   Federal

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) proposed a rule that creates a program promotes clean energy investments located in low-income communities, on Indian lands, ...

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New report on IRS audits validates ‘hollow political messaging,’ says congressional lawmaker

By Kim Riley  |   September 4, 2024   |   Featured

A new report released by the Treasury Inspector General for Tax Administration (TIGTA) validates what U.S. Rep. Adrian Smith (R-NE) says has been clear all along: that the Internal Revenue Service (IR...

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CFPB fines mortgage lender for deceiving veterans, servicemembers

By Dave Kovaleski  |   September 3, 2024   |   Federal

(Updates to add company response in paragraphs 10-11) The Consumer Financial Protection Bureau (CFPB) took action against New Day Financial, also called NewDay USA, for deceiving servicemembers and...

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Sen. Warren calls out FINRA for lame enforcement of financial crimes

By Kim Riley  |   September 3, 2024   |   Featured

U.S. Sen. Elizabeth Warren (D-MA) wants to know why the Financial Industry Regulatory Authority (FINRA) is experiencing a record-low number of enforcement actions on financial crimes. “The agency...

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Commercial, multifamily borrowing forecasted to rise 26 percent in 2024

By Dave Kovaleski  |   September 3, 2024   |   Industry

The Mortgage Bankers Association (MBA) expects commercial and multifamily mortgage borrowing and lending to increase 26 percent in 2024 to $539 billion. Just multifamily lending alone is anticipat...

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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
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Legislation would promote competition in mobile app marketplace
  • Legislation would help small businesses bring new technologies to market

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