Maryland Gov. Wes Moore recently signed into law two new consumer protection bills. One is the Earned Wage Access bill (SB94), which closes regulatory loopholes for app-based payday loans that allo...
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Fintech OppFi is buying BNC Corp. and its subsidiary BNC National Bank in a cash and stock transaction valued at approximately $130 million. OppFi is a tech-enabled digital finance platform that pa...
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The National Federation of Independent Business (NFIB) is urging the Trump administration to continue to make the U.S. Customs and Border Protection (CBP) online tariff refund portal efficient for sma...
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The U.S. House of Representatives unanimously passed legislation that exempts wildfire relief payments made to victims from federal income tax. The bill is called the Doug LaMalfa Federal Disaster ...
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U.S. Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) expressed concerns over a recent Securities and Exchange Commission (SEC) interpretive release that grants exemptions from federal securi...
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Legislation that would require the IRS to use scanning technology to speed up paper return processing has passed the U.S. House of Representatives. The legislation, Barcode Automation for Revenue ...
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Fintech company Mercury received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Mercury Bank, N.A. Mercury Bank will be a national bank that will allow M...
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The Commodity Futures Trading Commission (CFTC) filed a lawsuit to halt the State of New York’s efforts to apply state gambling laws against CFTC-registered contract markets. In its complaint aga...
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The Office of the Comptroller of the Currency (OCC) issued an interim final rule clarifying the law for national banks to charge certain fees. The preexisting powers under federal law have recently...
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Federal banking regulators jointly finalized a rule to modify the community bank leverage ratio consistent with existing statutory authority. The change will afford community banks greater flexibil...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) will issue guidance that addresses the federal tax consequences of increasing medical marijuana research. Specifically, th...
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KeyCorp, the parent company of KeyBank, is acquiring Clearwater Corporate Finance, a U.K.-based middle market investment banking advisory firm. The transaction will mark Key's strategic entry into ...
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The House Financial Services and the House Energy & Commerce committees jointly advanced two data privacy bills this week. One of them is the GUARD Financial Data Act, which establishes Title V of ...
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The Independent Community Bankers of America (ICBA) offered its support for a bill approved by the House Financial Services Committee that will help community banks. The committee passed the Small ...
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Peoples Bancorp will acquire Citizens Bank of Kentucky and its parent company in a cash and stock transaction valued at approximately $76.6 million. Peoples Bancorp, based in Marietta, Ohio, had $9...
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The Consumer Bankers Association (CBA) offered recommendations and feedback for the Consumer Financial Protection Bureau (CFPB) on its Draft Strategic Plan for Fiscal Years 2026–2030. The CBA is ...
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The Securities and Exchange Commission (SEC) along with the Commodity Futures Trading Commission (CFTC) proposed joint amendments to reduce private fund reporting requirements while enabling the colle...
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The Office of the Comptroller of the Currency (OCC) along with other federal financial regulators issued updated model risk management guidance for OCC-supervised institutions. The updated guidance...
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U.S. Sen. Ron Wyden (D-OR) introduced legislation recently that seeks to close loopholes that allow investors to use derivatives contracts to evade taxes on the underlying investments. Derivatives ...
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The U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) launched a new initiative to strengthen cybersecurity in the digital asset industry. T...
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