U.S. Rep. Bruce Westerman (R-AR) introduced a bill that would prohibit the Internal Revenue Service (IRS) from hiring additional tax enforcement personnel until all tax returns from the past two years...
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A group of U.S. senators recently introduced legislation that seeks to strengthen criminal money laundering statutes. The Combatting Money Laundering, Terrorist Finance and Counterfeiting Act of 20...
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The Independent Community Bankers of America (ICBA) recently expressed its support of several bills that address the Consumer Financial Protection Bureau’s proposal to implement new data collection ...
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U.S. Rep. Josh Gottheimer (D-NJ) introduced a discussion draft of a bill that seeks to define stablecoins and put protections in place for consumers and investors. Overall, the Stablecoin Innovat...
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U.S. Rep. Patrick McHenry (R-NC) is urging greater oversight by the U.S. Treasury of the Emergency Rental Assistance (ERA) programs. McHenry, the ranking member on the House Financial Services Com...
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The Biden administration called on Congress Tuesday to develop laws and regulations to govern cryptocurrency transactions, specifically stablecoins, and to protect consumers and investors engaged in t...
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U.S. Sens. Elizabeth Warren (D-MA) and Tina Smith (D-MN) expressed concerns about the Employee Benefits Security Administration (EBSA) proposal to grant a one-year exemption to Credit Suisse Group AG....
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The U.S. Securities and Exchange Commission (SEC) has proposed new rules related to registered investment advisers and business development companies on cybersecurity risk management. The proposed...
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Credit Union National Administration (CUNA) officials sent a letter to the Senate Agriculture Committee this week, calling upon Congress to ensure that digital ledger technology comes with proper cons...
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According to a new survey, roughly 62 percent of people who invest in cryptocurrency would do so through their bank if it offered a crypto investment functionality. "Our survey shows people want t...
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