SCORE for Small Business Act advances out of House Small Business Committee

By Dave Kovaleski | February 7, 2022 | Featured

A bill that would reauthorize the Small Business Administration’s SCORE Program was passed by the House Small Business Committee last week. The SCORE for Small Business Act of 2022 (H.R. 6450) n...

U.S. House advances Rep. Perlmutter’s cannabis banking reform amendment

By Kim Riley | February 4, 2022 | Cannabis Banking

A popular cannabis banking reform amendment offered by U.S. Rep. Ed Perlmutter (D-CO) that would provide protections to financial institutions serving legal cannabis-based businesses on Friday receive...

GOP members of Senate Finance Committee urge colleagues to reconsider book minimum tax proposal

By Dave Kovaleski | February 4, 2022 | Federal

Republican members of the Senate Finance Committee are urging their senate colleague to reconsider efforts to implement a tax on financial statement income of U.S. companies. This minimum book inco...

Connecticut accepting adult-use cannabis licenses

By Liz Carey | February 4, 2022 | Cannabis Banking

The Connecticut Department of Consumer Protection announced Wednesday it has begun accepting applications for certain adult-use cannabis licenses. The applications for Lottery applications for adul...

Rep. Strickland, colleagues advocate for consideration of MORE Act

By Douglas Clark | February 4, 2022 | Cannabis Banking

U.S. Rep. Marilyn Strickland (D-WA) recently joined 10 colleagues in forwarding correspondence to Congressional leadership as a means of advocating Marijuana Opportunity Reinvestment and Expungement (...

Sen. Kennedy urges Treasury to speed up process of returning unredeemed savings bonds

By Dave Kovaleski | February 4, 2022 | Featured

U.S. Sen. John Kennedy (R-LA) is asking the Treasury Department to accelerate the process of returning some $26 billion in unredeemed savings bonds to Americans. Kennedy said the Treasury Departme...

Paxos appoints Ben Gray as Global General Counsel

By Douglas Clark | February 4, 2022 | Digital Currency

The regulated blockchain infrastructure platform Paxos has appointed Ben Gray as Global General Counsel. Gray's appointment supports the firm's effort to continue adding to its executive team. "...

CFPB report examines incarceration, financial issues connection

By Douglas Clark | February 3, 2022 | Industry

The Consumer Financial Protection Bureau (CFPB) has released a report examining the impact of financial issues people and families encounter with the criminal justice system experience. Justice-Inv...

NYDIG unveils Bitcoin Savings Plan

By Douglas Clark | February 3, 2022 | Digital Currency

The bitcoin firm NYDIG recently launched a Bitcoin Savings Plan to enable employees of leading companies to get paid in bitcoin. "A NYDIG Bitcoin Savings Plan is an easy-to-adopt benefit that can ...

SEC levies charges against firm that allegedly sought to defraud retirees

By Dave Kovaleski | February 3, 2022 | Federal

The Securities and Exchange Commission (SEC) filed charges against a company and its owner for an alleged multimillion-dollar scheme to defraud investors into buying gold and silver coins. The char...