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Saturday, May 17th, 2025

Home » Industry » Page 146

Industry

Fed issues policy statement to level playing field between uninsured, insured banks

By Dave Kovaleski   |   January 31, 2023   |   Federal

The Federal Reserve Board issued a policy statement last week that says uninsured banks supervised by the board will be subject to the same limitations on activities as insured banks and national bank...

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Report touts private equity role in supporting consumer brands

By Douglas Clark   |   January 31, 2023   |   Federal

The private investment industry advocacy organization American Investment Council (AIC) and PitchBook recently released a report espousing the benefits of private equity’s (PE) role in supporting va...

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Sens. Cantwell, Grassley sponsor legislation targeting pharmacy benefit managers

By Dave Kovaleski   |   January 31, 2023   |   Featured

U.S. Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) are sponsoring two bills that seek to hold pharmacy benefit managers (PBMs) accountable for opaque and often deceptive practices that contrib...

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ABA’s credit conditions index expects credit conditions to soften in first half of 2023

By Dave Kovaleski   |   January 30, 2023   |   Featured

The American Bankers Association’s latest Credit Conditions Index says that bank economists expect credit conditions to soften over the next six months. This comes as the economy is expected to s...

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NCUA Board addresses interest rate ceiling, performance plan

By Douglas Clark   |   January 30, 2023   |   Federal

During its first open meeting of 2023, the National Credit Union Administration (NCUA) Board extended the 18-percent federal credit union loan interest rate ceiling and approved the Annual Performance...

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Bill seeks to create tax code parity for small businesses

By Douglas Clark   |   January 30, 2023   |   Federal

U.S. Sens. Tim Scott (R-SC) and Ben Cardin (D-MD) recently introduced the Small Business Tax Fairness and Compliance Simplification Act (S. 45), which seeks to establish small business tax code parity...

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SEC targets securitization market conflicts of interest

By Douglas Clark   |   January 27, 2023   |   Federal

U.S. Securities and Exchange Commission (SEC) officials have detailed a proposed rule the agency indicated would address securitization market conflicts of interest. The proposal, originally introd...

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Federal funding package included legislation to boost access to SIMPLE retirement savings plans

By Financial Regulation News Reports   |   January 27, 2023   |   Federal

Among the many provisions signed into law as part of the recent federal government funding package was legislation from U.S. Sens. Susan Collins (R-ME) and Mark Warner (D-VA) that will increase access...

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Measure seeks to lower healthcare costs, expand health insurance access

By Douglas Clark   |   January 27, 2023   |   Federal

U.S. Sens. Tim Kaine (D-VA) and Jeanne Shaheen (D-NH) have joined 14 colleagues in co-sponsoring legislation seeking to lower healthcare costs and expand health insurance access. The Improving Heal...

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House advances legislation enhancing Small Business Investment Companies

By Douglas Clark   |   January 27, 2023   |   Featured

U.S. Reps. Judy Chu (D-CA) and Andrew Garbarino (R-NY) recently commended the House of Representatives' passage of the Investing in Main Street Act of 2023 (H.R. 400), which aids Small Business Invest...

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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
  • Legislation reintroduced to revert 1099-K threshold level to $20,000 for gig workers
  • Treasury to fast track process to facilitate greater business investment
  • Reps. Nunn, Bynum introduce bill to simplify the IPO process for businesses
  • Lawmakers urge reconsideration of Capital One-Discover merger

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