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Home » News » Page 341

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Rep. Joyce champions effort to protect the rights of tribes to use cannabis

By Dave Kovaleski   |   June 23, 2022   |   Cannabis Banking

Legislation to fund the U.S. Department of the Interior and other related agencies for Fiscal Year 2023 includes language to protect the rights of Tribes that have authorized the use, distribution, po...

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FDIC board proposes rule to increase deposit insurance assessment rates

By Dave Kovaleski   |   June 23, 2022   |   Federal

The Federal Deposit Insurance Corporation (FDIC) board proposed a rule to increase deposit insurance assessment rates by 2 basis points for all insured depository institutions. This increase is pro...

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Sen. Warren, Reps. Porter and Sherman request investigation of tax preparation company

By Douglas Clark   |   June 23, 2022   |   Federal

Three Democratic legislators recently forwarded correspondence to Treasury Department, Internal Revenue Service (IRS), and Federal Trade Commission (FTC) officials, requesting an in-depth investigatio...

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Deloitte, NYDIG detail digital assets alliance

By Douglas Clark   |   June 22, 2022   |   Digital Currency

Global professional services organization Deloitte and Bitcoin company NYDIG officials are detailing an alliance that will aid companies in deploying digital asset capabilities. Per Deloitte and NY...

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Reps. LaHood, Sanchez introduce bill to expand access to retirement plans

By Dave Kovaleski   |   June 22, 2022   |   Featured

U.S. Reps. Darin LaHood (R-IL) and Linda Sánchez (D-CA) introduced legislation to expand retirement savings access. The Starter-K Act creates starter defined contribution plans that streamline reg...

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Bill seeks to bolster Special Needs Trust options

By Douglas Clark   |   June 22, 2022   |   Federal

U.S. Sens. Todd Young (R-IN) and Maggie Hassan (D-NH) are detailing legislation that would provide families with greater options and flexibility regarding Special Needs Trusts. The Special Needs Tr...

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Cannabis Regulators Association elects new board members

By Douglas Clark   |   June 21, 2022   |   Cannabis Banking

Cannabis Regulators Association (CANNRA) officials said the organization elected new board members during the first in-person member meeting in Olympia, Wash. Michigan Cannabis Regulatory Agency Ex...

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Measure targets underserved communities tax credits

By Douglas Clark   |   June 21, 2022   |   Federal

U.S. Sens. Roger Wicker, (R-MS), Cindy Hyde-Smith, (R-MS), Mark Warner (D-VA), and Chris Van Hollen (D-MD) recently introduced legislation that would promote economic development in underserved commun...

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House Republicans urge SEC to rescind climate disclosure rules

By Dave Kovaleski   |   June 21, 2022   |   Federal

House Republicans are urging the Securities and Exchange Commission (SEC) to rescind its proposal that would require public companies to make climate change-related disclosures. The GOP lawmakers s...

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Senate Democrats make recommendations to improve SEC climate disclosure rule

By Dave Kovaleski   |   June 21, 2022   |   Featured

A group of Senate Democrats has offered suggestions on improving the Securities and Exchange Commission's (SEC) proposed rules requiring public companies to make climate disclosures. Among the rec...

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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

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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  • CFTC seeks public comment on two energy derivatives market changes
  • Rep. Kim introduces bill to give financial institutions more time to investigate suspicious transactions
  • HUD makes 14 changes to Single Family mortgage insurance program
  • SIFMA among groups urging Senate to advance capital formation package
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