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Home » Industry » Page 237

Industry

Sens. Cardin, Ernst urge SBA to rework proposed loan underwriting rules

By Dave Kovaleski   |   March 10, 2023   |   Featured

U.S. Sens. Ben Cardin (D-MD) and Joni Ernst (R-IA) are urging the Small Business Administration (SBA) to rework proposed changes to its loan underwriting program that would allow financial technology ...

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Measure seeks tax credit for first-time homebuyer down payments

By Douglas Clark   |   March 9, 2023   |   Federal

Senate Finance Committee Chair Sen. Ron Wyden (D-OR) has introduced legislation he said would offer first-time homebuyers a down payment tax credit and expand homeownership opportunities. Proponent...

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CFPB, National Labor Relations Board sign agreement to help protect gig economy workers

By Dave Kovaleski   |   March 9, 2023   |   Featured

The Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) are partnering to address practices that harm workers in the “gig economy” and other labor markets. ...

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Legislators urge SEC chair to finalize climate disclosure rule

By Dave Kovaleski   |   March 8, 2023   |   Federal

A group of lawmakers, led by U.S. Sens. Elizabeth Warren (D-MA) and Sheldon Whitehouse (D-RI), recently urged the U.S. Securities and Exchange Commission (SEC) to finalize a climate disclosure rule wi...

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SEC details Miami investment adviser emergency action

By Douglas Clark   |   March 8, 2023   |   Federal

Securities and Exchange Commission (SEC) officials have detailed an emergency action against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang. Per the SEC,...

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Senate bill would help American decide when to claim Social Security benefits

By Dave Kovaleski   |   March 8, 2023   |   Featured

U.S. Sens. Bill Cassidy, M.D. (R-LA), Tim Kaine (D-VA), Susan Collins (R-ME), and Chris Coons (D-DE) introduced a bill that seeks to help Americans make more informed decisions regarding when to claim...

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Democratic senators advocate for instant payment app user protections

By Douglas Clark   |   March 8, 2023   |   Federal

A group of Democratic senators recently urged federal agencies to coordinate a supervisory approach to peer-to-peer payment systems such as Zelle and similar apps with the Consumer Financial Protectio...

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Senate Banking Committee Republicans advocate for consistent Federal Reserve capital review

By Douglas Clark   |   March 7, 2023   |   Federal

Senate Banking Committee Republicans have forwarded correspondence to Federal Reserve System Board of Governors Chair Jerome Powell, citing concerns regarding Federal Reserve capital review requiremen...

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Bipartisan, bicameral bill would bolster IRS whistleblower program

By Dave Kovaleski   |   March 7, 2023   |   Featured

A bill that would reform the Internal Revenue Service’s (IRS) Whistleblower Awards Program was introduced in Congress this week. IRS Whistleblower Program Improvement Act was introduced by U.S. R...

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JEC, Senate leaders urge Biden to address housing needs

By Dave Kovaleski   |   March 7, 2023   |   Federal

U.S. Sen. Martin Heinrich (D-NM), the chair-designate of the Joint Economic Committee, is among a group of senators urging President Joe Biden to utilize a “whole-of-government” approach to addres...

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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

  • U.S. Bank executed pilot transaction utilizing its USBDC stablecoin
  • Blockchain Association, Crypto Council file motion to block Illinois law
  • Treasury links $12.7B to digital asset investment scams
  • Crypto Council, Blockchain Association file suit against Illinois’ digital assets tax
  • SEC proposed new rules for crypto assets
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