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Home » Industry » Page 191

Industry

IRS highlights improvements, successes since the Inflation Reduction Act passed

By Dave Kovaleski   |   August 18, 2023   |   Featured

Marking the one-year anniversary of the passage of the Inflation Reduction Act (IRA), the Internal Revenue Service (IRS) outlined some of its achievements toward its goals of delivering world-class se...

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CME Group realigns some of its businesses under one unit, appoints new leader

By Dave Kovaleski   |   August 18, 2023   |   Industry

CME Group, a leading derivatives marketplace, has undergone a realignment of its FX futures, options, cash and over the counter (OTC) FX businesses. The realignment now has these businesses in a si...

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CFTC settles fraud charges against Texas financial advisor

By Dave Kovaleski   |   August 17, 2023   |   Industry

The Commodity Futures Trading Commission (CFTC) settled charges against a Texas company and its owner for committing fraud while acting as an unregistered commodity trading advisor (CTA) and for faili...

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Financial industry groups request extension of public comment period for SEC rule

By Dave Kovaleski   |   August 17, 2023   |   Featured

Fifteen financial industry groups, including the Managed Funds Association (MFA), are asking the U.S. Securities and Exchange Commission (SEC) for a 60-day extension of the comment period for proposed...

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Inflation worries decline, according to Fed’s Survey of Consumer Expectations

By Dave Kovaleski   |   August 16, 2023   |   Featured

Inflation expectations among consumers have declined, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. The Survey of Consumer Expectations (SCE) contains informa...

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Sens. Wyden, Brown, Casey urge Social Security to improve SSI application process

By Dave Kovaleski   |   August 15, 2023   |   Featured

U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Bob Casey (D-PA) are urging the Social Security Administration (SSA) to simplify the Supplemental Security Income (SSI) application. The SSI ...

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PCAOB sanctions, fines three firms for reporting violations

By Dave Kovaleski   |   August 15, 2023   |   Industry

The Public Company Accounting Oversight Board (PCAOB) sanctioned and fined three audit firms for failing to report required information to the PCAOB. PCAOB officials said two of the sanctioned fir...

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SIFMA files suit in federal court to block new documentation rules in Missouri

By Dave Kovaleski   |   August 14, 2023   |   Federal

The Securities Industry and Financial Markets Association (SIFMA) filed a challenge in federal court to documentation rules for financial firms that were recently enacted in Missouri. The rules, wh...

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Biden administration rolls out tax credit boost for wind, solar in low-income communities

By Dave Kovaleski   |   August 14, 2023   |   Featured

The U.S. Department of the Treasury and Internal Revenue Service (IRS) issued final rules and procedural guidance for an initiative that provides up to a 20-percentage point boost to the Investment Ta...

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Treasury seeking public comment on Biden order to protect national security technologies

By Dave Kovaleski   |   August 11, 2023   |   Featured

The U.S. Department of the Treasury is seeking public comment related to an executive order issued by President Joe Biden on investments in national security technologies and products by countries of ...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • 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

Digital Currency

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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  • Federal Reserve seeks comments on proposal to amend AML programs for banks
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  • MFA urges SEC not to maintain quarterly earnings reports
  • SEC launches Retail Fraud Working Group
  • Sen. Warren raises regulatory concerns about potential large bank acquisitions
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