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Wednesday, July 2nd, 2025

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Reps. Kelly, Panetta introduce bill to promote Employee Stock Ownership Plans

By Dave Kovaleski   |   May 2, 2025   |   Featured

U.S. Reps. Mike Kelly (R-PA) and Jimmy Panetta (D-CA) introduced legislation that seeks to promote employee ownership through private Employee Stock Ownership Plans (ESOPs). The Promotion and Expan...

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Sens. Young, Cantwell introduce bill to spark construction of affordable housing

By Dave Kovaleski   |   May 1, 2025   |   Featured

U.S. Sens. Todd Young (R-IN) and Maria Cantwell (D-WA) introduced legislation that will spur the construction of some 1.6 million new affordable homes over the next decade. The Affordable Housing C...

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AICPA offers feedback on bill to defund the Public Company Accounting Oversight Board

By Dave Kovaleski   |   April 30, 2025   |   Featured

The House Financial Services Committee released the draft of a bill that would defund the Public Company Accounting Oversight Board (PCAOB) and transfer its activities to the Securities and Exchange C...

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Vanguard study probes investors views on proxy voting

By Dave Kovaleski   |   April 29, 2025   |   Featured

New research from asset manager Vanguard outlines investor perspectives on proxy voting. Proxy voting allows shareholders to support governance standards in the manner they believe will protect an...

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Legislation to help small businesses save money introduced in Congress

By Liz Carey   |   April 28, 2025   |   Featured

U.S. Reps. Don Bacon (R-NE) and Jason Crow (D-CO) introduced legislation that will help small business owners save money on energy efficiency investments. The Small Business Energy Loan Enhancemen...

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PGI Global founder charged in crypto fraud scheme

By Liz Carey   |   April 24, 2025   |   Digital Currency

PGI Global’s founder Ramil Palafox ran a multi-million crypto fraud scheme for more than a year, investigators at the Securities and Exchange Commission said recently. The SEC announced it had c...

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Study: Trump tax cut extension would boost American economic growth

By Liz Carey   |   April 23, 2025   |   Featured

U.S. Rep. Jason Smith (R-MO) said a new study from the Council of Economic Advisers said extending President Donald Trump’s 2017 tax cuts would boost the American economy for working families and sm...

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Delta crash, safety failures spark calls for CEO accountability amid soaring executive pay

By Kim Riley   |   April 21, 2025   |   Featured

A fiery crash landing earlier this year involving a Delta Air Lines aircraft in Toronto has reignited national debate over aviation safety and executive accountability, raising questions about whe...

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Report warns of sophisticated cybersecurity threat environment

By Liz Carey   |   April 21, 2025   |   Featured

A recent cybersecurity report finds that nearly one in five middle market organizations experienced a data breach in the last year, despite the fact most executives are confident in their security mea...

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Treasury Department sanctions companies for purchasing Iranian crude oil

By Dave Kovaleski   |   April 18, 2025   |   Featured

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is sanctioning Shandong Shengxing Chemical Co., a “teapot” refinery company in China for its role in purchasing more than $...

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Cannabis Banking

  • 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
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • CSBS issues guidance related to virtual currency
  • Banking committee Republicans issue principles for market structure legislation
  • U.S. Attorney’s Office files complaint over cryptocurrency ‘confidence scams’
  • Senate passes GENIUS Act to establish framework for stablecoins
  • AICPA provides criteria for controls over stablecoins

Most Read Last 7 Days

  • Federal Housing Administration proposes to eliminate green housing mandate
  • SEC names Kevin Muhlendorf as next inspector general
  • OCC closes the Santa Anna National Bank of Texas
  • Banking committee Republicans issue principles for market structure legislation
  • Legislation would spur economic growth through limited capital gains tax rate, Rep. Hill says
  • Delta crash, safety failures spark calls for CEO accountability amid soaring executive pay
  • Industry leaders launch effort to protect tax-exempt status of credit unions
  • Updated Senate Banking Committee provisions released for budget bill
  • U.S. Attorney’s Office files complaint over cryptocurrency ‘confidence scams’
  • House passes bills to protect homebuyers, expand access to capital

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