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Wednesday, May 14th, 2025

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Industry

Inflation worries decline, according to Fed’s Survey of Consumer Expectations

By Dave Kovaleski   |   August 16, 2023   |   Featured

Inflation expectations among consumers have declined, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. The Survey of Consumer Expectations (SCE) contains informa...

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Sens. Wyden, Brown, Casey urge Social Security to improve SSI application process

By Dave Kovaleski   |   August 15, 2023   |   Featured

U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Bob Casey (D-PA) are urging the Social Security Administration (SSA) to simplify the Supplemental Security Income (SSI) application. The SSI ...

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PCAOB sanctions, fines three firms for reporting violations

By Dave Kovaleski   |   August 15, 2023   |   Industry

The Public Company Accounting Oversight Board (PCAOB) sanctioned and fined three audit firms for failing to report required information to the PCAOB. PCAOB officials said two of the sanctioned fir...

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SIFMA files suit in federal court to block new documentation rules in Missouri

By Dave Kovaleski   |   August 14, 2023   |   Federal

The Securities Industry and Financial Markets Association (SIFMA) filed a challenge in federal court to documentation rules for financial firms that were recently enacted in Missouri. The rules, wh...

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Biden administration rolls out tax credit boost for wind, solar in low-income communities

By Dave Kovaleski   |   August 14, 2023   |   Featured

The U.S. Department of the Treasury and Internal Revenue Service (IRS) issued final rules and procedural guidance for an initiative that provides up to a 20-percentage point boost to the Investment Ta...

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Treasury seeking public comment on Biden order to protect national security technologies

By Dave Kovaleski   |   August 11, 2023   |   Featured

The U.S. Department of the Treasury is seeking public comment related to an executive order issued by President Joe Biden on investments in national security technologies and products by countries of ...

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Sen. Brown leads group of senators asking Fed to review approach to bank mergers

By Dave Kovaleski   |   August 11, 2023   |   Federal

A group of Democratic senators are urging the Federal Reserve to review its approach to big bank mergers following the collapse of several large banks this year – including Silicon Valley Bank, Sign...

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SEC fines 11 firms for failure to preserve electronic communications

By Dave Kovaleski   |   August 10, 2023   |   Featured

The Securities and Exchange Commission levied charges against 10 broker-dealers and one investment advisor/broker-dealer for what it called widespread and longstanding failures to maintain and preserv...

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Federal Reserve outlines efforts to supervise novel activities by banks

By Dave Kovaleski   |   August 10, 2023   |   Federal

The U.S. Federal Reserve Board released more information this week on its program to supervise novel activities in the banks it oversees. Novel activities are those that involve complex, technology-...

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Federal Reserve looking for individuals to serve on insurance advisory committee

By Dave Kovaleski   |   August 9, 2023   |   Federal

The Federal Reserve Board is looking for individuals to serve on its Insurance Policy Advisory Committee, or IPAC. For these roles, the Federal Reserve Board is seeking individuals that possess a d...

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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

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
  • PGI Global founder charged in crypto fraud scheme
  • SEC Crypto Task Force to hold crypto custody roundtable

Most Read Last 7 Days

  • Lawmakers urge reconsideration of Capital One-Discover merger
  • OCC adopts new rules for bank mergers
  • CFPB says it will not prioritize buy now, pay later enforcement
  • Bankers fear imminent recession, survey says
  • Forward Air board under fire from activist investor Ancora
  • Legislation would help small businesses bring new technologies to market
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • Credit Suisse hit with $510M fine for IRS violations
  • Bipartisan bill would help GSE’s develop low-income housing
  • Trump signs into law resolution overturning overdraft cap rule

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