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SEC issues guidance for small businesses offering retirement plans

By Liz Carey   |   May 7, 2026   |   Industry

The staff in the Securities and Exchange Commission’s Divisions of Investment Management and Corporation Finance issued guidance recently to address questions about federal securities laws and poole...

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Partners Bank of California appoints president and CEO

By Melina Druga   |   May 7, 2026   |   Industry

The board of directors of Partners Bank of California, a community bank, recently promoted President and Chief Banking Officer Michael Chambers to president and CEO, effective immediately. He also ser...

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SEC proposes rule to allow public companies to file semiannual reports

By Dave Kovaleski   |   May 7, 2026   |   Federal

The Securities and Exchange Commission (SEC) proposed amendments that would give public companies the option of filing semiannual reports in lieu of quarterly reports. Currently, public companies a...

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State Street Investment Management joins Galaxy Digital to launch tokenized liquidity fund

By Liz Carey   |   May 6, 2026   |   Digital Currency

State Street Investment Management and Galaxy Asset Management recently announced the launch of the State Street Galaxy Onchain Liquidity Sweep Fund, a tokenized private liquidity fund designed to ena...

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NFIB supports bill that looks to limit beneficial ownership information reporting

By Dave Kovaleski   |   May 6, 2026   |   Federal

The National Federation of Independent Business (NFIB) is advocating for a bill that seeks to limit the beneficial ownership information reporting requirements. Specifically, the bill, S.4419, woul...

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HUD updates multifamily housing environmental review requirements

By Melina Druga   |   May 6, 2026   |   Federal

The U.S. Department of Housing and Urban Development (HUD) recently updated the environmental review requirements for multifamily housing. The changes revise the Multifamily Accelerated Processing ...

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Bankers urge strengthening the GENIUS Act

By Melina Druga   |   May 5, 2026   |   Digital Currency

A group of 53 state bankers associations recently sent a comment letter to the Office of the Comptroller of the Currency urging the agency to strengthen its proposed rule implementing the GENIUS Act. ...

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Georgia regulators shut down bank and move assets to Anchor Bank

By Dave Kovaleski   |   May 5, 2026   |   Industry

The Georgia Department of Banking and Finance closed the Community Bank and Trust - West Georgia of LaGrange, Ga. The department appointed the Federal Deposit Insurance Corporation (FDIC) as receiv...

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Investment Company Institute advises SEC to adapt off-channel communications rules

By Liz Carey   |   May 5, 2026   |   Federal

The Investment Company Institute (ICI) is urging the Securities and Exchange Commission to modernize its Recordkeeping Rule to better reflect the realities of the 21st Century. In a letter to the ...

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Columbia Bank hires two to lead new Franchise Banking Team

By Dave Kovaleski   |   May 4, 2026   |   Industry

Columbia Bank is launching its Franchise Banking Team, an initiative designed to strengthen the bank's capabilities to support franchisors and operators with banking relationships. James Short and ...

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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

  • Financial trade groups urge Senate Banking committee to refine stablecoin bill
  • State Street Investment Management joins Galaxy Digital to launch tokenized liquidity fund
  • Bankers urge strengthening the GENIUS Act
  • Sens. Warren, Van Hollen express concerns over SEC exemptions for crypto assets
  • Coalition urges Congress to advance digital asset legislation

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  • Fifth Third Bancorp purchases underwriting, servicing business line
  • PNC Bank launches consumer loyalty, rewards program
  • Financial trade groups urge Senate Banking committee to refine stablecoin bill
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