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Home » Featured » Page 106

Featured

Banking groups call on CFPB to rescind update to examine banks for discrimination

By Dave Kovaleski   |   July 1, 2022   |   Featured

The Independent Community Bankers of America (ICBA) and several other banking industry groups released a white paper on the Consumer Financial Protection Bureau’s (CFPB) actions to expand its examin...

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CFPB rule affirms that states can establish their own credit reporting laws

By Dave Kovaleski   |   June 30, 2022   |   Featured

The Consumer Financial Protection Bureau (CFPB) issued a rule affirming the ability of states to establish their own fair credit reporting laws. This allows states to enact state-level laws that a...

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JEC issues response to president’s economic report

By Dave Kovaleski   |   June 29, 2022   |   Featured

The U.S. Congress Joint Economic Committee (JEC) released its response to the Economic Report of the President, making recommendations to improve the economy. The JEC is required by law to respond...

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House Financial Services Committee advances bill to close ILC loophole

By Dave Kovaleski   |   June 28, 2022   |   Featured

The House Financial Services Committee advanced the Close the Industrial Loan Company (ILC) Loophole Act, which drew praise from the Credit Union National Association (CUNA) and the National Associati...

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House Financial Services Committee advances 10 bills

By Dave Kovaleski   |   June 27, 2022   |   Featured

The House Financial Services Committee advanced 10 bills last week that reduce housing costs, help small businesses, and protect whistleblowers, among others. Among the legislation advanced is the...

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State attorneys general urge Congress to prohibit copycat-brand cannabis edibles

By Dave Kovaleski   |   June 24, 2022   |   Cannabis Banking

A group of state attorneys general, including California Attorney General Rob Bonta, are urging Congress to enact legislation allowing food and candy makers to enforce their trademarks against copycat...

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Lawmakers advocate EPA examine potential digital asset mining impacts

By Douglas Clark   |   June 23, 2022   |   Digital Currency

A group of lawmakers recently forwarded correspondence to the Environmental Protection Agency (EPA), advocating the agency examines the potential environmental impacts of digital asset mining. Hous...

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Reps. LaHood, Sanchez introduce bill to expand access to retirement plans

By Dave Kovaleski   |   June 22, 2022   |   Featured

U.S. Reps. Darin LaHood (R-IL) and Linda Sánchez (D-CA) introduced legislation to expand retirement savings access. The Starter-K Act creates starter defined contribution plans that streamline reg...

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Senate Democrats make recommendations to improve SEC climate disclosure rule

By Dave Kovaleski   |   June 21, 2022   |   Featured

A group of Senate Democrats has offered suggestions on improving the Securities and Exchange Commission's (SEC) proposed rules requiring public companies to make climate disclosures. Among the rec...

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Bank Policy Institute offers feedback on SECs climate disclosure policy

By Dave Kovaleski   |   June 20, 2022   |   Featured

The Bank Policy Institute (BPI) offered feedback on the Securities and Exchange Commission’s (SEC) proposed climate disclosure policy, expressing its concerns. The proposal would require public ...

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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

  • SEC issues temporary exemption to facilitate the trading of tokenized stocks
  • House Ways and Means Committee advances bill to alter tax code for digital assets
  • Senate votes down CLARITY Act cryptocurrency bill
  • Enova withdraws bid to acquire digital bank Grasshopper
  • Brazil-based Nu launches banking, financial products in United States
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