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Home » Industry » Page 243

Industry

Futures Industry Association responds to RFI on climate-related financial risk

By Dave Kovaleski   |   October 12, 2022   |   Featured

The Futures Industry Association (FIA) responded last week to a request for information (RFI) from the US Commodity Futures Trading Commission (CFTC), which sought public comment on climate-related fi...

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New York Gov. Hochul signs legislative package strengthening Minority, Women-Owned Business Enterprise Program

By Douglas Clark   |   October 11, 2022   |   Featured

New York Gov. Kathy Hochul signed last week a legislative package that strengthens the Minority- and Women-Owned Business Enterprise Program. Legislation (A.9259-A/S.3390-A) prevents MWBE Program ...

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Sen. Wyden highlights Inflation Reduction Act’s prescription drug provisions

By Douglas Clark   |   October 11, 2022   |   Federal

U.S. Sen. Ron Wyden (D-OR), chairman of the Senate Finance Committee, is highlighting the beginning of several prescription drug provisions included in the Inflation Reduction Act. Wyden particular...

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SEC panel to address entrepreneurship hubs, IPO market

By Douglas Clark   |   October 11, 2022   |   Federal

The Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee will host an Oct. 13 meeting focusing on entrepreneurship hubs and the initial public offering (IPO...

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Sens. Capito, Rosen introduce bill to help small businesses

By Dave Kovaleski   |   October 11, 2022   |   Federal

U.S. Sens. Shelley Moore Capito (R-WV) and Jacky Rosen (D-NV) introduced a bill that would require the Small Business Administration (SBA) to create a centralized website for licensing and business pe...

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Legislation seeks to block new IRS agents hiring initiative

By Douglas Clark   |   October 7, 2022   |   Federal

U.S. Reps. Adrian Smith (R-NE) and Michelle Steel (R-CA) introduced this week legislation that seeks to defund the Biden Administration’s plan to hire 87,000 new Internal Revenue Service (IRS) agent...

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Reps. LaHood, Brady urge Illinois to pay back pandemic unemployment loans

By Dave Kovaleski   |   October 7, 2022   |   Federal

U.S. Reps. Darin LaHood (R-IL) and Kevin Brady (R-TX) are urging the State of Illinois to pay back federal unemployment trust fund loans taken out during the pandemic. “Illinois is among only fo...

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CSBS analysis assesses community banker economic outlook

By Douglas Clark   |   October 7, 2022   |   Industry

According to the Conference of State Bank Supervisors (CSBS) Community Bank Sentiment Index (CBSI), community bankers nationwide maintained a pessimistic view of the economy, but the third quarter ou...

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Survey examines consumer concerns about the economy

By Douglas Clark   |   October 6, 2022   |   Industry

Findings from a recent Nationwide Agency Forward survey maintains that domestic consumers say the present state of the economy could negatively impact their finances and mental health. Edelman Data...

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Senate advances bills targeting small business cyber protections

By Douglas Clark   |   October 5, 2022   |   Federal

U.S. Sen. Marco Rubio (R-FL) is touting the benefits of the Senate advancing a pair of measures he authored, noting they seek to protect the nation's small businesses from cyber crimes. The SBA Cyb...

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Cannabis Banking

  • 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
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

  • SoFi launches its own stablecoin, SoFiUSD
  • FDIC proposes rule implementing Bank Secrecy Act for stablecoin issuers
  • Independent Community Bankers of America urges OCC to rescind approval of Coinbase bank charter
  • Senate Banking Committee advances digital assets legislation
  • Financial trade groups urge Senate Banking committee to refine stablecoin bill

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  • CBA outlines recommendations for third-party risk management
  • Sen. Warren raises concerns over Morgan Stanley giveaway, subsidizing European customers
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