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Featured

GOP senators urge DOL to implement order that allows alternative investments in 401(k) plans

By Dave Kovaleski   |   August 26, 2025   |   Featured

U.S. Sen. Steve Daines (R-MT) is among a group of Republican senators that are urging the U.S. Department of Labor (DOL) to expeditiously implement a recent executive order that would allow Americans ...

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CFPB seeking feedback on revisions to personal financial data rights rule

By Dave Kovaleski   |   August 25, 2025   |   Featured

The Consumer Financial Protection Bureau (CFPB) is seeking feedback as it considers proposing a new rule to revise the Biden-era Section 1033 rule on personal financial data rights (PFDR). The revisi...

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America’s Credit Unions urge congressional leaders to keep their tax-exempt status

By Dave Kovaleski   |   August 22, 2025   |   Featured

America’s Credit Unions, the association representing credit unions, is continuing its advocacy efforts to ensure the credit union tax status remains secure. In a letter sent to federal lawmakers t...

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Truist planning major investments, including 100 new branches in growth markets

By Dave Kovaleski   |   August 21, 2025   |   Featured

Truist Financial Corp. is planning significant investments over the next five years to attract new clients and grow existing relationships in some of the strongest growth markets in the country. The ...

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ICBA urges Federal Reserve not to make changes to institution rating system

By Dave Kovaleski   |   August 20, 2025   |   Featured

The Independent Community Bankers of America (ICBA) is urging the Federal Reserve to scrap its proposed revisions to the large financial institution rating system for the supervision of insurance orga...

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Rep. Carter introduced bill to give president authority to fire Fed chair

By Dave Kovaleski   |   August 19, 2025   |   Featured

U.S. Rep. Earl Carter (R-GA) introduced legislation that would give the president the power to fire the Chair of the Federal Reserve.   The bill is called the Timely Oversight of Operations, Liqu...

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American Bankers Association, Bank Policy Institute support Fed’s proposed changes to bank rating system

By Dave Kovaleski   |   August 18, 2025   |   Featured

The American Bankers Association along with the Bank Policy Institute expressed their support for proposed changes by the Federal Reserve to the large financial institution rating system.  The org...

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Sen. Wyden introduces bill to reverse Trump administration cuts to Social Security

By Dave Kovaleski   |   August 15, 2025   |   Featured

U.S. Sen. Ron Wyden (D-OR) is introducing legislation that seeks to bolster funding and resources for Social Security. His bill, dubbed the Keep Billionaires Out of Social Security Act, would rever...

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Bank, financial associations issue fact sheet on GENIUS Act provision

By Dave Kovaleski   |   August 14, 2025   |   Digital Currency

A group of bank and financial industry groups issued a fact sheet for policymakers to consider as digital asset market structure legislation is developed. Specifically, the groups note that the re...

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Sen. Warren, Democratic colleagues seek answers on enhanced SLR proposal

By Dave Kovaleski   |   August 13, 2025   |   Featured

U.S. Sen. Elizabeth Warren (D-MA) and a group of Democrats are requesting more information from federal financial regulators on the proposed reduction of the enhanced supplementary leverage ratio (eSL...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • 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

Digital Currency

  • SEC, CFTC issue statement on trading of spot crypto assets
  • Global financial associations urge Basel committee to revisit crypto asset standards
  • U.S. Treasury Department seeks comments on digital asset regulatory framework
  • Bank, financial associations issue fact sheet on GENIUS Act provision
  • SEC Crypto Task Force to host nationwide roundtables

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  • ABA executive offers recommendations to improve banking sector at House hearing

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