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Tuesday, May 13th, 2025

Home » Industry » Page 94

Industry

DOL announces proposed update to definition of investment advice fiduciary

By Liz Carey   |   November 2, 2023   |   Federal

As part of its efforts to protect U.S. consumers, the U.S. Department of Labor announced Tuesday that it has proposed updating the definition of an investment advice fiduciary under the Employee Retir...

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Reps. Hill, Donalds introduce bill to focus Fed on inflation

By Dave Kovaleski   |   November 2, 2023   |   Federal

U.S. Reps. French Hill (R-AR) and Byron Donalds (R-FL) introduced a bill that seeks to end the Federal Reserve’s dual mandate of promoting maximum employment and price stability so that it can focus...

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Sen. Wyden asks IRS how cuts would impact work to crack down on tax cheats, terrorists

By Dave Kovaleski   |   November 2, 2023   |   Digital Currency

The chair of the Senate Finance Committee, U.S. Sen. Ron Wyden (D-OR), is asking the Internal Revenue Service (IRS) to detail how proposed budget cuts would hurt efforts to crack down on funding for H...

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Rep. Garbarino introduces bill to ensure swift flood insurance payments

By Dave Kovaleski   |   November 1, 2023   |   Featured

U.S. Rep. Andrew Garbarino (R-NY) introduced legislation this week that seeks to ensure that flood insurance policyholders receive swift and accurate advance payments on claims. Specifically, the E...

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Slowing inflation and higher income growth increase consumer purchasing power, report shows

By Liz Carey   |   November 1, 2023   |   Federal

According to the Primerica Household Budget Index (HBI) the average purchasing power for middle-income households in September increased. The HBI was 99.3 percent, up from 97.4 percent in August; ...

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Property casualty insurers faced strong headwinds in first half of 2023

By Dave Kovaleski   |   November 1, 2023   |   Federal

The first half of the year saw the property casualty insurance industry deal with significant headwinds, according to a new report from the American Property Casualty Insurance Association (APCIA). ...

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CFTC strikes agreement with French regulators on supervision, oversight

By Dave Kovaleski   |   October 31, 2023   |   Federal

The Commodity Futures Trading Commission (CFTC) has signed an agreement with the French Autorité des marchés financiers (AMF) on the supervision and oversight of certain regulated firms that operate...

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Survey finds bank customers predominantly bank via mobile apps

By Liz Carey   |   October 31, 2023   |   Industry

According to a survey done by the American Bankers Association (ABA), U.S. customers use mobile banking apps more than any other method. The survey of more than 2,000 adults found that 48 percent ...

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Sens. Tillis, Hickenlooper introduce bill to create portable retirement savings accounts

By Dave Kovaleski   |   October 30, 2023   |   Federal

A bipartisan bill was introduced in Congress last week that would establish a program allowing eligible workers access to portable, tax-advantaged retirement savings accounts. The Retirement Savin...

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Bill introduced in Congress to update, expand unemployment insurance

By Dave Kovaleski   |   October 30, 2023   |   Federal

A bill introduced in Congress last week seeks to update and expand unemployment insurance so that the program better meets the needs of the modern workforce and is ready to respond should America face...

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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
  • Bankers fear imminent recession, survey says
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • Forward Air board under fire from activist investor Ancora
  • Legislation would help small businesses bring new technologies to market
  • OCC adopts new rules for bank mergers
  • Tariffs have begun harming small businesses, according to Senate committee report

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