U.S. Sens. Kirsten Gillibrand (D-NY) and Bernie Sanders (I-VT) are sponsoring legislation that would create banking services through the post office. The Postal Banking Act would establish a nonpro...
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U.S. Rep. Stephen Lynch (D-MA) introduced a bill that would develop an electronic version of the U.S. Dollar for use by the American public. The Electronic Currency and Secure Hardware (ECASH) A...
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U.S. Sen. Ron Wyden (D-OR) continues his probe of the Opportunity Zone program to see if it has achieved the intended goals of encouraging investment and creating jobs in low-income communities. Th...
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U.S. Sens. Raphael Warnock (D-GA) and Sherrod Brown (D-OH) sent letters urging major banks to lower or fully eliminate their overdraft fees. The letters were sent to the CEOs of Charles Schwab, JP...
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U.S. Rep. Maxine Waters (D-CA) is seeking information from various trade associations seeking information on what actions financial institutions and businesses have cut ties to Russia and businesses t...
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The U.S. Department of Housing and Urban Development’s Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) completed its action plan this week, which looks to dismantle racial b...
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Cannabis company Cresco Labs is acquiring Columbia Care, a leading cultivator, manufacturer, and provider of cannabis products. Chicago-based Cresco Labs will acquire all of the issued and outstan...
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The Securities and Exchange Commission (SEC) proposed a new rule this week that would require public companies to include certain climate-related disclosures in their registration statements. Spec...
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U.S. Reps. Brad Wenstrup (R-OH) and Tom Suozzi (D-NY) introduced legislation in the House that seeks to allow Americans to tap their retirement plans to cover unexpected financial emergencies. Spe...
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The waiting game for the commercial cannabis industry continues in Pennsylvania this week following a series of critical hearings in the state Senate that will lead to a bill setting down the paramete...
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