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Home » Industry » Page 255

Industry

Lawmakers express concerns regarding CFPB nonbank firm actions

By Douglas Clark   |   December 16, 2022   |   Federal

99999++House Financial Services Committee Republicans are expressing concerns to the Consumer Financial Protection Bureau (CFPB) regarding actions related to nonbank financial firms exceeding the agen...

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ICBA expresses Credit Card Competition Act opposition

By Douglas Clark   |   December 16, 2022   |   Federal

The Independent Community Bankers of America (ICBA) has indicated consumers join the organization in opposing the Credit Card Competition Act, noting the measure would end popular credit card rewards ...

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Sen. Rubio, Rep. Khanna introduce bill to increase coordination among federal finance programs

By Dave Kovaleski   |   December 15, 2022   |   Featured

U.S. Sen. Marco Rubio (R-FL) and U.S. Rep. Ro Khanna (D-CA) introduced legislation this week that seeks to rebuild critical industries by increasing coordination between federal finance programs. ...

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Venture capital deals slow down in the third quarter

By Dave Kovaleski   |   December 15, 2022   |   Industry

The U.S. venture capital (VC) deals are slowing in the face of ongoing economic headwinds, according to the Q3 2022 PitchBook-NVCA Venture Monitor. The quarterly report, produced by PitchBook and t...

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Justice Department details Danske Bank guilty plea

By Douglas Clark   |   December 15, 2022   |   Federal

Justice Department officials have outlined the Danske Bank guilty plea and agreement to forfeit $2 billion to resolve the U.S. investigation into alleged fraud on domestic banks. The Justice Depart...

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CFPB proposes nonbank financial firm company, court order registry

By Douglas Clark   |   December 14, 2022   |   Federal

The Consumer Financial Protection Bureau (CFPB) is considering a rule requiring certain nonbank financial firms to register with the agency when subject to consumer financial protection agency or cour...

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SEC files charges against FTX CEO Bankman-Fried

By Dave Kovaleski   |   December 14, 2022   |   Digital Currency

The Securities and Exchange Commission (SEC) charged FTX Trading co-founder and CEO Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors. Since at least May 2019, FTX, base...

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Sens. Johnson, Scott request GAO audit of Federal Employees Health Benefits program

By Dave Kovaleski   |   December 14, 2022   |   Federal

Two Republican senators are urging the comptroller general of the Government Accountability Office (GAO) to audit health care providers under the Federal Employees Health Benefits (FEHB) Program. ...

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Bill seeks to address restaurant tax credit initiative

By Douglas Clark   |   December 13, 2022   |   Federal

U.S. Sens. Ben Cardin (D-MD), Sherrod Brown (D-OH), and Patty Murray (D-WA) recently introduced the Restaurant Revitalization Tax Credit Act, which seeks to create a special tax credit available to re...

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Sens. Warren, Toomey introduce bill to enhance oversight of Federal Reserve

By Dave Kovaleski   |   December 13, 2022   |   Featured

U.S. Sens. Elizabeth Warren (D-MA) and Pat Toomey (R-PA) introduced legislation that would strengthen Federal Reserve accountability and ensure that no financial regulator can withhold ethics-related ...

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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

  • SEC issues temporary exemption to facilitate the trading of tokenized stocks
  • House Ways and Means Committee advances bill to alter tax code for digital assets
  • Senate votes down CLARITY Act cryptocurrency bill
  • Enova withdraws bid to acquire digital bank Grasshopper
  • Brazil-based Nu launches banking, financial products in United States
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