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Wednesday, May 14th, 2025

Home » Industry » Page 167

Industry

Credit union association advocates CDFI congressional assistance

By Douglas Clark   |   September 27, 2022   |   Federal

The Credit Union National Association (CUNA) has joined the American Association of Credit Union Leagues and state Leagues in advocating for U.S. Congress to assist with certification issues related t...

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Proposed legislation seeks to expand, strengthen mental health workforce

By Douglas Clark   |   September 26, 2022   |   Federal

A Democratic group of senators recently detailed a discussion draft of legislation that seeks to expand the mental health workforce to provide care for those in need. Senate Finance Committee Chair...

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Senate Finance Committee Republicans inquire about IRS funding allotment use

By Douglas Clark   |   September 26, 2022   |   Federal

Senate Finance Committee Republicans have forwarded correspondence to Internal Revenue Service (IRS) Commissioner Charles Rettig, seeking details regarding the agency's use of its $80 billion funding ...

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Rep. Hill introduces bill to prohibit the Fed from funding CFPB if it has losses

By Dave Kovaleski   |   September 26, 2022   |   Federal

U.S. Rep. French Hill (R-AR) introduced legislation that would prohibit the Federal Reserve from transferring money to the Consumer Financial Protection Bureau (CFPB) if the Fed incurs a loss on its b...

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House Committee on Financial Services Republicans express opposition to bank gun sales tracking proposal

By Douglas Clark   |   September 23, 2022   |   Federal

House of Representatives Committee on Financial Services Republicans recently expressed opposition to Amalgamated Bank's proposal to track citizens who purchase firearms. U.S. Rep. Patrick McHenry ...

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Rep. Buchanan introduces bill to make 2017 tax cuts permanent

By Dave Kovaleski   |   September 23, 2022   |   Federal

U.S. Rep. Vern Buchanan (R-FL) introduced a bill in the House that would make the tax cuts in the Tax Cuts and Jobs Act (TCJA) of 2017 permanent. His bill, the TCJA Permanency Act (H.R.8913), woul...

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Sen. Wyden continues investigation into private placement life insurance

By Douglas Clark   |   September 23, 2022   |   Federal

Senate Finance Committee Chair Ron Wyden (D-OR) said he is continuing his investigation into the use of private placement life insurance by the wealthiest Americans to avoid and evade taxes. Wyden ...

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House bill would require lawmakers to file financial disclosures electronically

By Dave Kovaleski   |   September 22, 2022   |   Featured

U.S. Reps. Abigail Spanberger (D-VA) and Dusty Johnson (R-SD) introduced legislation requiring Congress members to file their public financial disclosures electronically. Currently, members of both...

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House passes bill that seeks to dismantle narcotics production linked to Bashar al-Assad regime in Syria

By Dave Kovaleski   |   September 22, 2022   |   Federal

This week, the U.S. House of Representatives passed a bill requiring the federal government to develop an interagency strategy to disrupt and dismantle narcotics production and trafficking linked to t...

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SEC announces charges against Morgan Stanley Smith Barney for failing to protect customer information

By Douglas Clark   |   September 22, 2022   |   Federal

Securities and Exchange Commission (SEC) officials have detailed charges against Morgan Stanley Smith Barney LLC (MSSB), alleging the firm failed to protect customer personal identifying information (...

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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
  • Lawmakers urge reconsideration of Capital One-Discover merger
  • 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
  • Bipartisan bill would help GSE’s develop low-income housing
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • Credit Suisse hit with $510M fine for IRS violations
  • Trump signs into law resolution overturning overdraft cap rule

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