The Federal Reserve Board is seeking public comment on a proposal that provides default rules for certain contracts that use the LIBOR reference rate, which will be discontinued next year. LIBOR, ...
Read More
The Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for mishandling the disbursement of state unemployment benefits during the height of the pandemic. The bank autom...
Read More
Senate Republicans have introduced legislation that seeks to recover funds from unemployment fraud and provide incentives for states to recover fraudulent payments. The Chase COVID Unemployment F...
Read More
A group of House Republicans recently introduced legislation that would require the administration to publish the inflationary impact of executive actions before enacting them. Specifically, the Re...
Read More
The Secure and Fair Enforcement (SAFE) Banking Act, legislation that would ensure cannabis businesses have access to banking services, was approved on Thursday by the U.S. House of Representatives aft...
Read More
The U.S. Department of the Treasury is seeking public comment on potential opportunities and risks associated with digital assets. It stems from President Joe Biden’s executive order, “Ensuring...
Read More
Senate Republican leaders are asking the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) for information on the potential budgetary and economic impacts of making the expan...
Read More
The Consumer Financial Protection Bureau (CFPB) issued a legal interpretation for companies that use and share credit reports and background reports. The CFPB’s advisory says companies must have ...
Read More
The Pension Benefit Guaranty Corporation (PBGC) issued a final rule enacting changes to the Special Financial Assistance (SFA) Program for financially troubled multiemployer pension plans. The SFA...
Read More
A group of lawmakers have forwarded correspondence advocating the Biden administration deschedule cannabis and pardon non-violent cannabis-related offenders. U.S. Sens. Elizabeth Warren (D-MA), Be...
Read More