A bipartisan group of senators introduced an update to a bill that seeks to establish a clear regulatory framework for payment stablecoins. The bill is the Guiding and Establishing National Innovation...
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The Managed Funds Association (MFA), an association for the global alternative asset management industry, presented the Securities and Exchange Commission (SEC) with a list of 10 recommendations it sa...
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The credit risk associated with large, syndicated bank loans remains moderate, according to the recently released 2024 Shared National Credit (SNC) report. The 2024 SNC portfolio included 6,699 bo...
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U.S. Rep. Ashley Hinson (R-IA) is sponsoring legislation that would establish a task force within the U.S. Department of Justice (DOJ) to combat China's trade crimes. IN addition, the bipartisan, ...
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U.S. Rep. French Hill (R-AR), chair of the House Financial Services Committee, is urging the acting chairman of the U.S. Securities and Exchange Commission (SEC) to remove hurdles put in by place by t...
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The Office of the Comptroller of the Currency (OCC) reaffirm what cryptocurrency activities are permissible in the federal banking system recently. In its Interpretive Letter 1183, the OCC confirm...
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Bipartisan legislation recently reintroduced in the U.S. House of Representatives would ensure funding for broadband deployment will not be considered taxable income. The Broadband Grant Tax Treatm...
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U.S. Sen. Tim Scott (R-SC) introduced legislation that would eliminate the ability for federal banking regulators to use reputational risk as a component of supervision. The Financial Integrity an...
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The most critical threats to retail investors in 2025 include digital assets, social media apps and emotional plea marketing tactics, the North American Securities Administrators Association (NASAA) s...
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Bipartisan legislation recently reintroduced in the U.S. Senate would provide financial institutions with greater flexibility to offer affordable lines of credit to rural and agricultural borrowers. ...
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U.S. Rep. Tom Emmer (R-MN) introduced legislation that would prevent the Federal Reserve from issuing a central bank digital currency (CBDC). Specifically, the Anti-CBDC Surveillance State Act woul...
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The House Financial Services Committee reported 11 bills and resolutions to Congress this week after the committee held its first full committee markup session of this Congress. Among them was H.J....
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Legislation introduced by U.S. Rep. Greg Murphy (R-NC) and Doug LaMalfa (R-CA) would exclude some catastrophe mitigation payments from federal income tax purposes. The Disaster Mitigation and Tax ...
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Legislation recently reintroduced in the U.S. House of Representatives that would repeal the portion of the American Rescue Plan policy that pertains to gig workers’ taxes. The Saving Gig Economy...
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U.S. Sen. Joni Ernst introduced legislation this week that makes changes to the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The SBIR-STTR progr...
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U.S. Rep. Randy Feenstra (R-IA) introduced legislation that seeks to make loans more accessible and affordable, particularly for farmers and those in rural communities. The Access to Credit for our...
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California-based Altos Bank, a newly established FDIC-insured community bank in Silicon Valley, officially opened on Wednesday. "We are thrilled to celebrate our grand opening and welcome the commu...
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Legislation to quadruple tax deductions for small businesses would ensure those businesses can create jobs, advance innovation and invest in communities, law makers said. The “American Innovatio...
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A bipartisan group of lawmakers are sponsoring a bill that seeks to strengthen transparency and accuracy in improper payment reporting. The Improper Payments Transparency Act (H.R. 1771) would dire...
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On Tuesday, as tariffs went into effect for most goods from Canada and Mexico, the U.S. Chamber of Commerce urged President Donald Trump to reconsider his move and bring a swift end to his policy. ...
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