More than 140 organizations have recently voiced opposition to a bill introduced in the U.S. Senate that seeks to enhance competition in the credit card network market. The Credit Card Competition ...
Read More
A group of House Republicans introduced legislation that would block the Internal Revenue Service (IRS) from receiving the $80 billion appropriation from the Inflation Reduction Act until the tax retu...
Read More
The Federal Housing Finance Agency (FHFA) will conduct a review of the Federal Home Loan Bank System starting this fall. Federal home loan banks (FHLBanks) have been an important source of liquidit...
Read More
The Digital Dollar Project (DDP) launched a new initiative to further explore the technical implementations that may be required for a U.S. central bank digital currency (CBDC). The new Technical ...
Read More
Bank of America introduced a new program to help drive business growth for minority and women business owners. The Small Business Down Payment Grant Program was launched this week in select markets...
Read More
The Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of China to ...
Read More
Abaca, a financial platform for cannabis operators, and Pacific Valley Bank are partnering as a means of expanding cannabis banking access within the California market. This marks the first time si...
Read More
U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, released the findings of a year-long investigation into what he called the largest alleged individual tax evasion scheme in U.S. hist...
Read More
The Department of Defense (DoD) recently issued a report detailing how financial institutions are serving military installations and examines the DoD’s policies to ensure access to financial service...
Read More
A group of banking industry organizations is challenging the legal basis for the Consumer Financial Protection Bureau’s (CFPB) inquiry into banks' customer service practices. Further, the groups...
Read More