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Thursday, May 15th, 2025

Home » Industry » Page 162

Industry

Reps. Panetta, LaHood introduce bill to help service workers in travel industries

By Dave Kovaleski   |   October 31, 2022   |   Featured

U.S. Reps. Jimmy Panetta (D-CA) and Darin LaHood (R-IL) introduced legislation last week that seeks to support workers in the tourism and hospitality industries, which lost more jobs in the pandemic t...

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CFPB initiates consumer financial data rights guidance considerations

By Douglas Clark   |   October 31, 2022   |   Federal

The Consumer Financial Protection Bureau (CFPB) has begun the initial process of outlining options for consumers to bolster access to and control financial data before issuing proposed data rights gui...

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Republican senators request CBO to assess impact of Biden economic policies

By Dave Kovaleski   |   October 31, 2022   |   Federal

A group of Republican senators, led by U.S. Sens. Todd Young (R-IN) and Steve Daines (R-MT), are asking the nonpartisan Congressional Budget Office (CBO) to assess how policies passed during Biden Adm...

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CFPB issues guidance for financial institutions on potentially unlawful junk fees

By Dave Kovaleski   |   October 28, 2022   |   Featured

The Consumer Financial Protection Bureau (CFPB) issued guidance this week on what it calls two junk fee practices that it sees as unfair and unlawful. One of them refers to surprise overdraft fees...

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SEC proposes new rules for registered investment advisors

By Dave Kovaleski   |   October 28, 2022   |   Federal

The Securities and Exchange Commission (SEC) is proposing new rules that would prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence....

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State attorneys general urge SEC to allow full public input regarding environmental, social, and governance investing

By Douglas Clark   |   October 28, 2022   |   Federal

Montana Attorney General Austin Knudsen has joined 17 other state attorneys general in requesting the Security and Exchange Commission (SEC) allow public input regarding environmental, social, and gov...

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Sen. Brown reminds Fed chair of mandate to also maintain full employment

By Dave Kovaleski   |   October 27, 2022   |   Federal

U.S. Sen. Sherrod Brown (D-OH) is reminding the Federal Reserve not to hurt employment rates to reduce inflation. In a letter to Federal Reserve Board Chair Jerome Powell, Brown said it is the Fedâ...

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FDIC survey says number of Americans who are banked reaches all-time high

By Dave Kovaleski   |   October 27, 2022   |   Featured

A new Federal Deposit Insurance Corporation (FDIC) survey found that nearly 96 percent of U.S. households were banked in 2021. The FDIC’s biennial 2021 National Survey of Unbanked and Underbanked...

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Report examines global credit union digitization focus

By Douglas Clark   |   October 27, 2022   |   Industry

World Council of Credit Unions’ (WOCCU) 2021 Statistical Report findings maintain the global credit union movement's chief priority is digitization. “Despite the COVID-19 pandemic continuing to...

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New study examines impact of inflation on auto insurance

By Dave Kovaleski   |   October 26, 2022   |   Featured

The American Property Casualty Insurance Association (APCIA) released a white paper this week examining how auto insurance is impacted by inflation. The paper, entitled "The New Normal? Auto Insure...

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

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