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Tuesday, May 13th, 2025

Home » Industry » Page 183

Industry

House advances mortgage, lending, investments racial equity measure

By Douglas Clark   |   June 17, 2022   |   Federal

The U.S. House of Representatives recently advanced legislation introduced by U.S. Rep. Maxine Waters (D-CA) to address racial equity in mortgages, lending, and investments. The Financial Services...

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Group of Senate Republicans introduce middle-class tax relief bill

By Dave Kovaleski   |   June 16, 2022   |   Featured

A group of Senate Republicans introduced legislation that seeks to provide tax relief and protections for middle-class Americans. The Middle-Class Savings and Investment Act would exclude a reason...

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Measure targets greater flexibility in college savings plans

By Douglas Clark   |   June 16, 2022   |   Federal

U.S. Sens. Richard Burr (R-NC) and Bob Casey (D-PA) recently introduced a bill that seeks to offer parents greater flexibility regarding transferring unused/excess funds from a college savings account...

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SEC charges Rochester, NY former officials with misleading investors on bond offering

By Dave Kovaleski   |   June 16, 2022   |   Federal

The Securities and Exchange Commission (SEC) recently charged the City of Rochester, N.Y., some former city officials, and an advisor with misleading investors in a $119 million bond offering. Spec...

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Senators concerned about impact of SEC rule on climate disclosures on companies

By Dave Kovaleski   |   June 15, 2022   |   Federal

U.S. Sens. John Hoeven (R-ND) and Tim Scott (R-SC) are among a group of senators expressing concerns about a proposed Securities and Exchange Commission (SEC) rule on climate disclosures, particularly...

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CBA urges House Financial Services not to advance overdraft bill

By Dave Kovaleski   |   June 15, 2022   |   Featured

The Consumer Bankers Association (CBA) voiced its opposition to a bill that addresses bank overdraft services and fees for customers. In a new letter sent to the House Committee on Financial Servi...

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House advances bill to help small businesses better compete for federal contracts

By Dave Kovaleski   |   June 14, 2022   |   Federal

A bill introduced by U.S. Rep. Pete Stauber (R-MN) that is designed to help more small businesses compete for federal contracts was approved by the U.S. House of Representatives. The Strengthening...

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Rep. Foster introduces bill to help parents with student loans

By Dave Kovaleski   |   June 13, 2022   |   Federal

U.S. Rep. Bill Foster (D-IL) introduced legislation last week in the U.S. House of Representatives that would allow students to take over the student debt that was incurred on their behalf. Fosterâ...

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CFPB examines practices that leave workers indebted to employers

By Douglas Clark   |   June 13, 2022   |   Industry

The Consumer Financial Protection Bureau (CFPB) has issued a Request for Information in conjunction with an inquiry into practices and financial products that may leave employees indebted to employers...

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House advances bill to help small businesses during bankruptcy

By Dave Kovaleski   |   June 13, 2022   |   Featured

The U.S. House of Representatives passed a bill to extend a provision within the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that establishes streamlined bankruptcy procedures for s...

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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
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • CFPB says it will not prioritize buy now, pay later enforcement
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Forward Air board under fire from activist investor Ancora
  • Huntington National Bank opens first branch in the Carolinas
  • Tariffs have begun harming small businesses, according to Senate committee report
  • OCC adopts new rules for bank mergers
  • Stephen Luparello named chairman of OCC

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