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Home » Featured » Page 104

Featured

Rep. Blumenauer urging USDOT to reform cannabis testing for truckers

By Dave Kovaleski   |   May 18, 2022   |   Cannabis Banking

U.S. Rep. Earl Blumenauer (D-CO) is urging the Department of Transportation to reform and modernize cannabis testing requirements for commercial truck drivers. Blumenauer, co-chair of the Congress...

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CUNA urges Congress to set aside $50M for USAID Cooperative Development Program

By Dave Kovaleski   |   May 17, 2022   |   Featured

The Credit Union National Association (CUNA) is urging Congress to allocate $50 million in funding for the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP) f...

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Senators introduce bill to deny tax credits to companies paying Russian taxes

By Dave Kovaleski   |   May 16, 2022   |   Featured

U.S. Sens. Ron Wyden (D-OR) and Rob Portman (R-OH) introduced legislation that would disallow Foreign Tax Credits for companies that pay taxes to the Russian government. The Support Ukraine Throug...

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Senate Republicans seeking more clarity on IRS proposal to expand ACA tax credit

By Dave Kovaleski   |   May 13, 2022   |   Featured

A group of Senate Republicans is seeking greater clarity on a proposal by the Internal Revenue Service (IRS) to expand the Affordable Care Act’s premium tax credit (PTC). In the Affordable Care A...

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Pennsylvania state senate launches task force to study digital currency

By Dave Kovaleski   |   May 12, 2022   |   Digital Currency

The leader of the Pennsylvania State Senate is launching a task force to examine how federal policy changes relating to digital currency could benefit Pennsylvania. The task force would include the...

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ICE offering nature-based carbon credit futures

By Dave Kovaleski   |   May 11, 2022   |   Featured

Intercontinental Exchange has launched a Nature-Based Solutions (NBS) carbon credit futures contract. The NBS future, which trades under the contract code NBT, delivers Verified Carbon Unit (VCU) ...

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Legal Missouri campaign delivers enough signatures to put cannabis legalization on the ballot

By Dave Kovaleski   |   May 10, 2022   |   Cannabis Banking

An initiative to legalize cannabis in Missouri got one step closer to reality as the Legal Missouri 2022 campaign delivered a petition to state lawmakers that would put it on the ballot this November....

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Federal banking regulators issue proposal to update Community Reinvestment Act

By Dave Kovaleski   |   May 9, 2022   |   Featured

Federal bank regulatory agencies are working together to strengthen and modernize the Community Reinvestment Act (CRA). The CRA was enacted 45 years ago to encourage banks to help meet the credit n...

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FINRA fines two funding portals for crowdfunding violations

By Dave Kovaleski   |   May 6, 2022   |   Featured

The Financial Industry Regulatory Authority (FINRA) has fined two funding portals a combined $1.75 million for failing to comply with securities laws and rules related to crowdfunding. One of the c...

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Reps. Emmer, McHenry introduce bill to restore oversight provision for COVID relief programs

By Dave Kovaleski   |   May 5, 2022   |   Featured

U.S. Reps. Tom Emmer (R-MN) and Patrick McHenry (R-NC) introduced legislation to improve oversight of COVID-related Emergency Rental Assistance programs. The Emergency Rental Assistance Accountabil...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • 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

Digital Currency

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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