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Home » Featured » Page 107

Featured

Senators release discussion draft of policies to address youth mental health

By Dave Kovaleski   |   June 17, 2022   |   Featured

A bipartisan group of senators on the Senate Finance Committee released a discussion draft for policies that address youth mental health care. The discussion draft includes policies that would all...

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Group of Senate Republicans introduce middle-class tax relief bill

By Dave Kovaleski   |   June 16, 2022   |   Featured

A group of Senate Republicans introduced legislation that seeks to provide tax relief and protections for middle-class Americans. The Middle-Class Savings and Investment Act would exclude a reason...

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CBA urges House Financial Services not to advance overdraft bill

By Dave Kovaleski   |   June 15, 2022   |   Featured

The Consumer Bankers Association (CBA) voiced its opposition to a bill that addresses bank overdraft services and fees for customers. In a new letter sent to the House Committee on Financial Servi...

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Rep. DeFazio, Sen. Sanders introduce bill to expand Social Security

By Dave Kovaleski   |   June 14, 2022   |   Featured

U.S. Rep. Peter DeFazio (D-OR) and Sen. Bernie Sanders (I-VT) introduced joint legislation to strengthen and expand Social Security. The Social Security Expansion Act (SSEA) would extend the solven...

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House advances bill to help small businesses during bankruptcy

By Dave Kovaleski   |   June 13, 2022   |   Featured

The U.S. House of Representatives passed a bill to extend a provision within the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that establishes streamlined bankruptcy procedures for s...

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Independent Community Bankers urge Congress to pass SAFE Banking Act

By Dave Kovaleski   |   June 10, 2022   |   Cannabis Banking

The Independent Community Bankers of America (ICBA), along with a coalition of 44 state community banking associations, is urging Congress to include legislation in the America COMPETES Act that allow...

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New York State DFS puts out guidance on stablecoins issued in state

By Dave Kovaleski   |   June 9, 2022   |   Digital Currency

The New York State Department of Financial Services (DFS) put out regulatory guidance to establish the criteria for stablecoins issued under DFS oversight. “Since DFS approved the first USD-backe...

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Sens. Gillibrand, Lummis introduce bill to create regulatory framework for digital assets

By Dave Kovaleski   |   June 9, 2022   |   Digital Currency

U.S. Sens. Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced legislation that would create a regulatory framework for digital assets that encourages responsible financial innovation, flex...

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US Conference of Mayors urges Congress to pass SAFE Banking Act

By Dave Kovaleski   |   June 8, 2022   |   Cannabis Banking

At the US Conference of Mayors' annual meeting in Reno on June 6, the gathering of mayors passed a resolution urging Congress to pass the SAFE Banking Act for cannabis businesses. The SAFE Banking...

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ICBA, state banking associations offer recommendations to FDIC on climate risk plan

By Dave Kovaleski   |   June 7, 2022   |   Featured

The Independent Community Bankers of America (ICBA), along with state banking associations from 44 starts, is urging the Federal Deposit Insurance Corporation (FDIC) not to allow its proposed statemen...

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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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