The three leading trade associations representing the U.S. digital asset industry are urging the U.S. House of Representatives to pass the Digital Asset Market Clarity (CLARITY) Act. The CLARITY Ac...
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The Securities and Exchange Commission said Newnan, Georgia-based First Liberty Building & Loan, LLC and its owner Edwin Brant Frost IV have been charged with defrauding some 300 investors as part of ...
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More than $1 trillion was lost worldwide as a consequence of financial scams in 2024, according to a Senate Joint Economic Committee – Minority report. The scams are a larger illicit industry th...
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This week has been dubbed Crypto Week in the U.S. House of Representatives as the legislative body will consider three cryptocurrency related bills. The first is the CLARITY Act, which seeks to es...
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U.S. Sens. Todd Young (R-IN), Ruben Gallego (D-AZ), Jim Risch (R-ID) and Tammy Duckworth (D-IL) reintroduced legislation on July 10 to increase investment in small businesses. The legislation, the...
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The Federal Reserve Board is seeking feedback on a proposal to revise its supervisory rating framework for large banks. The proposal addresses the "well managed" status of these firms. Specifically...
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Two men were recently charged in the District of Puerto Rico for their alleged roles in operating and promoting OmegaPro, an international investment scheme that defrauded victim investors of more tha...
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The Commodity Futures Trading Commission issued guidance describing its plan to address criminally liable regulatory offenses. The advisory outlines the framework to be followed when the Division ...
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The Financial Industry Regulatory Authority (FINRA) released its annual statistical report on registered representatives, brokerage firms and market activity that FINRA oversees. The 2025 FINRA Ind...
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A new report examines how fragmentation in global financial regulation puts competition, economic growth and financial system resilience at risk. The paper, published by the Bank Policy Institute, ...
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The NFIB Small Business Optimism Index ticked down 0.2 points in June to 98.6, slightly above the 51-year average of 98, while the Uncertainty Index decreased by five points to 89. However, small...
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A court brief urges the U.S. District Court for the Eastern District of Kentucky to uphold Forcht Bank, N.A. et. al. v. Consumer Financial Protection Bureau, et. al., a case that ensures consumers’ ...
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Summer Mersinger, CEO of the Blockchain Association, calling on Congress to establish a regulatory framework for digital assets. In her testimony on July 9 to the U.S. Senate Committee on Banking, ...
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North Carolina-based Truist Financial Corp., a financial services company, recently launched an integrated merchant services platform to help small and medium-sized businesses (SMBs) streamline operat...
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A group of U.S. Senators has introduced a legislative package that modernizes federal labor laws and would allow independent workers to access portable workplace benefits. U.S. Sens. Bill Cassidy,...
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The boards of both Norwood Financial Corp and PB Bankshares have approved the merger of the two Pennsylvania banks. As part of the agreement, PB Bankshares, the parent company of Presence Bank, wi...
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The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will meet to discuss regulations around “finders” who help companies raise capital in small markets. ...
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The federal budget bill was signed into law on July 4 after it was narrowly approved by the House of Representatives, 218 to 214 on July 3. The budget reconciliation bill includes several tax provi...
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The National Federation of Independent Business (NFIB), a nonprofit organization advocating on behalf of small- and independent- business owners, recently issued a statement thanking President Donald ...
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U.S. Sen. Elizabeth Warren (D-MA) expressed concerns that the Federal Reserve Board’s proposed stress tests rule would weaken the stress capital buffer (SCB) framework. In a letter to the Fed, Wa...
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