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Saturday, May 10th, 2025

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Sens. Smith, Rounds introduce bill to spur economic development in underserved communities

By Dave Kovaleski   |   January 11, 2022   |   Featured

U.S. Sens. Tina Smith (D-MN) and Mike Rounds (R-SD) introduced a bill that seeks to spur economic development in distressed areas and underserved communities. Their legislation -- CDFI Bond Guarant...

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Prometheum details approved digital asset securities resource

By Douglas Clark   |   January 11, 2022   |   Industry

Blockchain-centric firm Prometheum officials said the company's broker-dealer subsidiary, Prometheum Ember ATS Inc., has received regulatory approval for a resource designed to bolster digital asset s...

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Sen. Wyden applauds CMS proposal to reduce fees impose on pharmacies

By Dave Kovaleski   |   January 11, 2022   |   Federal

U.S. Sen. Ron Wyden (D-OR) voiced his support for a proposed new rule by the Centers for Medicare & Medicaid Services (CMS) that would address high fees imposed on pharmacies by pharmacy benefit m...

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Marijuana Policy Project report examines cannabis use tax revenue

By Douglas Clark   |   January 11, 2022   |   Industry

A recently released Marijuana Policy Project report explores tax revenue generated from state-legal, adult-use cannabis - determining states that have legalized cannabis for adults are reaping signifi...

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Treasury issues final rule to deliver $350B in communities for COVID recovery

By Dave Kovaleski   |   January 10, 2022   |   Featured

The U.S. Department of the Treasury issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF) program, which delivers $350 billion to state, local, and Tribal governments to support ...

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SEC charges founder of Crowd Machine, Metavine with digital asset fraud scheme

By Douglas Clark   |   January 10, 2022   |   Federal

The U.S. Securities and Exchange Commission (SEC) detailed last week charges against an Australian man and two companies he founded, alleging actions resulting in defrauding investors. Per the SEC ...

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One River Digital Asset Management appoints Jason Cummins to advisory council

By Douglas Clark   |   January 10, 2022   |   Industry

One River Digital Asset Management announced last week that it has appointed Jason Cummins to its Academic and Regulatory Advisory Council, citing his wealth of public and private sector experience. ...

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ICBA calls on CFPB to make changes to proposed reporting requirements

By Dave Kovaleski   |   January 10, 2022   |   Federal

The Independent Community Bankers of America (ICBA) is calling on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from proposed loan data collection and re...

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New York Attorney General conducts investigation of “credential stuffing” by hackers

By Dave Kovaleski   |   January 7, 2022   |   Industry

An investigation by New York Attorney General Letitia James found that more than 1.1 million online accounts were compromised in cyberattacks at 17 well-known companies. This was done through a pra...

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FHFA initiates Enterprise targeted pricing changes

By Douglas Clark   |   January 7, 2022   |   Federal

Federal Housing Finance Agency (FHFA) officials are touting the benefits of targeted increases to upfront fees for the Enterprises for certain high balance loans and second home loans. The Enterpr...

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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
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Sens. Gallego, McCormick sponsor legislation to boost affordable housing supply
  • Huntington National Bank opens first branch in the Carolinas
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Legislation would promote competition in mobile app marketplace
  • Stephen Luparello named chairman of OCC

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