The House Financial Services Committee passed six bills this week, several of which focus on digital assets. Among them is the Financial Innovation and Technology for the 21st Century Act (H.R. 47...
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U.S. Sens. Ben Cardin (D-MD) and Steve Daines (R-MT) introduced a bill this week in the Senate that would foster the growth of S corporations that are owned by Employee Stock Ownership Plans (S-ESOP)....
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U.S. Reps. Vicente Gonzalez (D-TX) and Brian Fitzpatrick (R-PA) introduced legislation recently that would expand credit union business lending ability to $100,000 -- up from the current $50,000. ...
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U.S. Rep. Lloyd Smucker (R-PA) is sponsoring a bill in the House that would make permanent a tax provision within the 2017 Tax Cuts and Jobs Act. His bill, the Main Street Tax Certainty Act (H.R. 4...
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The Managed Funds Association (MFA) is urging Securities and Exchange Commission (SEC) to consider the aggregate cost of its rulemaking on investment advisers, investors, and the markets. Instead,...
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The U.S. Federal Reserve Board issued a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, this week. The fine and consent order are for misconduct by Credit Suisse,...
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The Independent Community Bankers of America (ICBA) released the results of a new poll on proposed credit card routing restrictions. The proposed restrictions stem from the Credit Card Competition ...
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The U.S. House of Representatives House Small Business Committee passed a bill that would reclaim fraudulent and unused Paycheck Protection Program (PPP) loans distributed during the COVID-19 pandemic...
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The Federal Reserve announced last week that its new system for instant payments, the FedNow Service, is now live. With the FedNow service live, banks and credit unions can sign up and use this to...
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A group of House Republicans introduced legislation this week that directs the Commodity Futures Trading Commission (CFRC) and the Securities and Exchange Commission (SEC) to regulate digital assets. ...
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A group of U.S. senators have introduced a bill that would require decentralized finance (DeFi) services to meet the same anti-money laundering (AML) and economic sanctions compliance obligations as o...
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A bipartisan bill was introduced in the U.S. Senate this week that seeks to help small business owners integrate digital tools into their businesses. Specifically, the Small Business Technological ...
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The Credit Union National Administration (CUNA) is urging the Consumer Financial Protection Bureau (CFPB) to exclude financial institutions from its definition of “data broker.” The recommend...
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Legislation was introduced in the House recently that would require the Securities and Exchange Commission (SEC) to study the impact that mandates from the European Union, especially those related to ...
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U.S. Reps. Mike Kelly (R-PA) and Jodey Arrington (R-TX) introduced legislation that would limit the amount of information that certain nonprofit organizations are mandated to report to the Internal Re...
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The Consumer Bankers Association (CBA) released a report this week that examines key credit information for small businesses. The Q1 2023 Small Business Lending Trends analysis, done in conjunction...
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A new survey from the International Swaps and Derivatives Association (ISDA) examines the development of capital and derivatives markets in emerging market and developing economies (EMDEs). The sur...
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Sier Capital Partners and several partner organizations have made a strategic investment in Nurses 24/7, a leading provider of healthcare staffing services in the Northeast. Along with Sier Capital, ...
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The U.S. Securities and Exchange Commission (SEC) proposed amendments that will impact broker-dealers and how often they customers are paid out. Specifically, the amendment require certain broker-d...
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The U.S. House of Representatives passed a bill this week that seeks to reduce red tape and streamline the process of gathering information at the Securities and Exchanges Commission (SEC) Office of t...
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