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Saturday, May 17th, 2025

Author: Dave Kovaleski

U.S. Chamber announces seven finalists for America’s Top Small Business award

By Dave Kovaleski  |   October 10, 2023   |   Federal

The U.S. Chamber of Commerce announced the seven finalists for its “America’s Top Small Business” Awards. The finalists, chosen among a record of more than 15,000 applicants, stand out for th...

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New report looks at need for innovation among financial institutions

By Dave Kovaleski  |   October 6, 2023   |   Featured

A new report on innovation in the financial sector found that establishing a tech-driven organizational culture is imperative for financial institutions for survival. A key finding of the report, c...

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FINRA, SEC and MSCB to host webcast for municipal market professionals

By Dave Kovaleski  |   October 5, 2023   |   Featured

Registration is now open for a virtual Compliance Outreach Program for municipal market professionals, a free webcast sponsored by the Securities and Exchange Commission (SEC), Municipal Securities Ru...

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Intercontinental Exchange uses electronic warehouse warrants for commodity delivery

By Dave Kovaleski  |   October 4, 2023   |   Industry

Intercontinental Exchange (ICE), which runs various exchanges, announced the successful delivery of London Cocoa using fully electronic warehouse warrants. This is notable because it marks the firs...

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CFTC proposes rule to amend certain compliance requirements

By Dave Kovaleski  |   October 4, 2023   |   Federal

The Commodity Futures Trading Commission (CFTC) proposed a new rule to amend a provision that provides exemptions from certain compliance requirements for commodity pool operators (CPOs). Specifica...

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APCIA releases new report on impact of EVs on the insurance industry

By Dave Kovaleski  |   October 4, 2023   |   Featured

The American Property Casualty Insurance Association (APCIA) has released a new paper that examines electric vehicle adoption and its impact for the insurance industry. The paper, titled “Electri...

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Rep. Huizenga sponsors legislation to create a fiscal commission in Congress

By Dave Kovaleski  |   October 3, 2023   |   Federal

U.S. Rep. Bill Huizenga (R-MI) introduced legislation that would create a bipartisan fiscal commission in Washington D.C. The Fiscal Commission Act of 2023 would create a commission that would be c...

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Bipartisan bill introduced in Senate would create CDFI tax credit

By Dave Kovaleski  |   October 3, 2023   |   Featured

A bipartisan group of senators introduced legislation to create a Community Development Investment tax credit to help unlock more equity and long-term financial capital for community development finan...

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FIA releases report with recommendations to improve cybersecurity in derivatives industry

By Dave Kovaleski  |   October 2, 2023   |   Industry

The Futures Industry Association (FIA) put out a report that contains lessons learned and recommendations to improve cybersecurity in the industry. The new report stems from a recent cyber incide...

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Sen. Wyden calls on IRS to increase enforcement after report on wealthy tax evaders

By Dave Kovaleski  |   October 2, 2023   |   Featured

U.S. Sen. Ron Wyden (D-OR) is calling on the Internal Revenue Service (IRS) to step up enforcement against wealthy individuals who fail to file tax returns, citing a new report that said thousands of ...

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Reps. Flood, Torres introduce bill on the treatment of custodial assets

By Dave Kovaleski  |   September 29, 2023   |   Featured

A bipartisan group in the House, led by U.S. Rep. Mike Flood (R-NE), introduced legislation recently that would prohibit certain federal agencies from requiring certain institutions to include assets ...

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Senate Banking Committee advances cannabis banking bill

By Dave Kovaleski  |   September 28, 2023   |   Cannabis Banking

A bill that would provide legal cannabis businesses with access to banking and financial services cleared a major hurdle this week as it was approved by the Senate Banking Committee. The Secure and...

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Rep. Moore introduces bill to provide better access to HSAs

By Dave Kovaleski  |   September 28, 2023   |   Featured

U.S. Rep. Blake Moore (R-UT) on Tuesday introduced legislation designed to provide patients with better access to their health savings accounts (HSA). The Advancing Health Savings Act, H.R. 5690,  h...

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SEC settles charges against investment advisor over conflicts of interest violations

By Dave Kovaleski  |   September 28, 2023   |   Federal

The Securities and Exchange Commission (SEC) said on Tuesday it reached a settlement with Concord, California-based investment adviser AssetMark related to undisclosed conflicts of interest. The conf...

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CFTC to hold free, virtual event on scams and fraud in the digital world

By Dave Kovaleski  |   September 27, 2023   |   Digital Currency

The Commodity Futures Trading Commission (CFTC) is holding a virtual event on Oct. 4 that is focused on combatting fraud and scams in the digital world. The event, called Technology and Fraud: Stop...

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Reps. Smith, LaHood ask GAO to investigate concerns about program for needy families

By Dave Kovaleski  |   September 27, 2023   |   Federal

U.S. Reps. Jason Smith (R-MO) and Darin LaHood (R-IL) are calling on the U.S. Government Accountability Office (GAO) to investigate the use of Temporary Assistance for Needy Families (TANF) funds. ...

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Congressional Republicans seek answers from SEC on proposed AI rule

By Dave Kovaleski  |   September 26, 2023   |   Featured

A group of congressional Republicans is seeking answers from the Securities and Exchange Commission (SEC) on a proposed rule to prevent the use of artificial intelligence (AI) technologies by broker-d...

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Sens. Hoeven, Klobuchar introduce bill to modernize USDA loans

By Dave Kovaleski  |   September 26, 2023   |   Federal

U.S. Sens. John Hoeven (R-ND) and Amy Klobuchar (D-MN) introduced legislation on Sept. 21 to modernize loan limitations for U.S. Department of Agriculture (USDA) loan programs. Their bill, the Produc...

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California Gov. Newsom issues executive order to improve state insurance market

By Dave Kovaleski  |   September 25, 2023   |   Featured

California Gov. Gavin Newsom is urging the state’s insurance commissioner to take steps to stabilize and improve the property insurance marketplace in the state. This call comes as climate change...

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U.S. Chamber’s Small Business Index hits highest score since start of pandemic

By Dave Kovaleski  |   September 25, 2023   |   Federal

The third quarter Small Business Index, produced by the U.S. Chamber of Commerce and MetLife, hit its highest score since the start of the pandemic, as small businesses see an improving economy. T...

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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

  • OCC adopts new rules for bank mergers
  • Bankers fear imminent recession, survey says
  • Bipartisan bill would help GSE’s develop low-income housing
  • Trump signs into law resolution overturning overdraft cap rule
  • Legislation would help small businesses bring new technologies to market
  • Commercial mortgage delinquency rates increase in first quarter
  • Legislation reintroduced to revert 1099-K threshold level to $20,000 for gig workers
  • Treasury to fast track process to facilitate greater business investment
  • Reps. Nunn, Bynum introduce bill to simplify the IPO process for businesses
  • Lawmakers urge reconsideration of Capital One-Discover merger

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