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Friday, May 9th, 2025

Home » Industry » Page 203

Industry

GOP members of Senate Finance Committee urge colleagues to reconsider book minimum tax proposal

By Dave Kovaleski   |   February 4, 2022   |   Federal

Republican members of the Senate Finance Committee are urging their senate colleague to reconsider efforts to implement a tax on financial statement income of U.S. companies. This minimum book inco...

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Sen. Kennedy urges Treasury to speed up process of returning unredeemed savings bonds

By Dave Kovaleski   |   February 4, 2022   |   Featured

U.S. Sen. John Kennedy (R-LA) is asking the Treasury Department to accelerate the process of returning some $26 billion in unredeemed savings bonds to Americans. Kennedy said the Treasury Departme...

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CFPB report examines incarceration, financial issues connection

By Douglas Clark   |   February 3, 2022   |   Industry

The Consumer Financial Protection Bureau (CFPB) has released a report examining the impact of financial issues people and families encounter with the criminal justice system experience. Justice-Inv...

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SEC levies charges against firm that allegedly sought to defraud retirees

By Dave Kovaleski   |   February 3, 2022   |   Federal

The Securities and Exchange Commission (SEC) filed charges against a company and its owner for an alleged multimillion-dollar scheme to defraud investors into buying gold and silver coins. The char...

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PCAOB launches two new committees, seeks nominations to serve on them

By Dave Kovaleski   |   February 2, 2022   |   Federal

The Public Company Accounting Oversight Board (PCAOB) has launched two new advisory groups — the Investor Advisory Group (IAG) and the Standards and Emerging Issues Advisory Group (SEIAG). The a...

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SEC releases annual report on Nationally Recognized Statistical Rating Organizations

By Dave Kovaleski   |   February 2, 2022   |   Featured

The U.S. Securities and Exchange Commission (SEC) issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) this week. The report provides a summary of the S...

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Sen. Wicker, colleagues detail concerns regarding Treasury Department’s broadband rule in relation to COVID-19 funds

By Douglas Clark   |   February 1, 2022   |   Federal

U.S. Sen. Roger Wicker (R-MS) recently joined 10 colleagues to express their concerns regarding the agency's final rule for broadband infrastructure funding related to Coronavirus State and Local Reco...

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JEC issues report on need to close Medicaid coverage gap

By Dave Kovaleski   |   February 1, 2022   |   Featured

The Joint Economic Committee (JEC) issued a new report that looks at the benefits of closing the Medicaid coverage gap. In the 11 states that have not expanded Medicaid under the Affordable Care A...

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Rep. Payne criticizes New Jersey cannabis licensing decision

By Douglas Clark   |   February 1, 2022   |   Cannabis Banking

U.S. Rep. Donald M. Payne, Jr. (D-NJ) released a statement after none of the 56 licenses to sell cannabis in the State of New Jersey were issued to Black-owned businesses. “I am outraged to hea...

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Sens. Wyden, Crapo say U.S. should use trade tools to combat foreign censorship

By Dave Kovaleski   |   February 1, 2022   |   Federal

The leaders of the Senate Finance Committee say the United States should use trade tools to fight back against censorship and digital authoritarianism in China, Russia, and other countries. The cal...

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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
  • CFPB says it will not prioritize buy now, pay later enforcement
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Sens. Gallego, McCormick sponsor legislation to boost affordable housing supply
  • Huntington National Bank opens first branch in the Carolinas
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Legislation would promote competition in mobile app marketplace
  • Stephen Luparello named chairman of OCC

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