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Sunday, May 18th, 2025

Home » Industry » Page 145

Industry

Rep. Barr to reintroduce a CRA measure nullifying DOL pension plan guidance

By Douglas Clark   |   February 3, 2023   |   Federal

U.S. Rep. Andy Barr (R-KY) said the reintroduction of a Congressional Review Act (CRA) measure seeks to nullify the Department of Labor’s (DOL) recent rule regarding environmental, social, governanc...

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CFPB late fee proposal draws criticism from several industry organizations

By Dave Kovaleski   |   February 3, 2023   |   Featured

A proposal by the Consumer Financial Protection Bureau (CFPB) that seeks to curb excessive credit card late fees drew criticism from several banking industry organizations. The proposal focuses on ...

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Bill introduced in Senate to help students finance college costs

By Dave Kovaleski   |   February 2, 2023   |   Federal

A bill was introduced in the U.S. Senate this week designed to help students pay for college costs. The ISA Student Protection Act would support a student financing tool for postsecondary education...

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CFPB proposes rule changes that would lower excessive credit card late fees

By Dave Kovaleski   |   February 2, 2023   |   Featured

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to limit excessive late credit card fees. The rule change focuses primarily on the immunity provision, which, among other things,...

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Sens. Collins, Klobuchar introduce legislation to enhanc apprenticeship access

By Douglas Clark   |   February 2, 2023   |   Federal

U.S. Sens. Susan Collins (R-ME) and Amy Klobuchar (D-MN) have introduced the American Apprenticeship Act, which the lawmakers maintain seeks to expand apprenticeship and pre-apprenticeship access. ...

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Credit Union Board Modernization Act passes in U.S. House

By Dave Kovaleski   |   February 1, 2023   |   Federal

The U.S. House of Representatives passed the Credit Union Board Modernization Act this week, a bill sponsored by Reps. Juan Vargas (D-CA) and Bill Huizenga (R-MI). The bill, H.R. 582, would update ...

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House advances legislation protecting against senior financial exploitation

By Douglas Clark   |   February 1, 2023   |   Federal

U.S. Rep. Ann Wagner (R-MO) is commending House of Representatives colleagues for advancing her Financial Exploitation Prevention Act (H.R. 500), which offers protection for at-risk senior investors. ...

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SEC proposes amendments to strengthen its ethics compliance program

By Dave Kovaleski   |   February 1, 2023   |   Featured

The Securities and Exchange Commission (SEC) proposed amendments this week designed to strengthen and modernize its ethics compliance program. The proposed amendments would add new ethics requirem...

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FDIC details proposed regulation public comment extension

By Douglas Clark   |   February 1, 2023   |   Federal

The Federal Deposit Insurance Corporation (FDIC) has extended by 45 days the public comment period for proposed changes to regulations regarding the FDIC’s official sign and its official advertising...

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Pew Charitable Trusts report examines checking account customer loan access

By Douglas Clark   |   January 31, 2023   |   Federal

The Pew Charitable Trusts maintains large banks have pivoted toward offering small installment loans or lines of credit to checking account customers with low or no credit scores. Officials indicat...

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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

  • OCC adopts new rules for bank mergers
  • Bankers fear imminent recession, survey says
  • Bipartisan bill would help GSE’s develop low-income housing
  • Trump signs into law resolution overturning overdraft cap rule
  • Legislation would help small businesses bring new technologies to market
  • Commercial mortgage delinquency rates increase in first quarter
  • Treasury to fast track process to facilitate greater business investment
  • Legislation reintroduced to revert 1099-K threshold level to $20,000 for gig workers
  • Reps. Nunn, Bynum introduce bill to simplify the IPO process for businesses
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification

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