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Home » News » Page 344

News

NAFCU offers feedback on central bank digital currency

By Dave Kovaleski   |   July 8, 2022   |   Digital Currency

The National Association of Federally-Insured Credit Unions (NAFCU) offered feedback to Biden administration officials on a central bank digital currency (CBDC), saying the costs would outweigh the be...

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Senators advocate for cannabis descheduling, non-violent offender pardons

By Douglas Clark   |   July 8, 2022   |   Cannabis Banking

A group of lawmakers have forwarded correspondence advocating the Biden administration deschedule cannabis and pardon non-violent cannabis-related offenders. U.S. Sens. Elizabeth Warren (D-MA), Be...

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Senate advances bill expanding domestic production of semiconductor chips

By Douglas Clark   |   July 8, 2022   |   Federal

U.S. Sens. Marsha Blackburn (R-TN), Gary Peters (D-MI), and Rick Scott (R-FL) recently praised Senate advancement of legislation that seeks to expand domestic semiconductor chip manufacturing. The ...

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CBA report reveals surge in new accounts, reduction in delinquencies for small businesses

By Dave Kovaleski   |   July 8, 2022   |   Industry

A new report from the Consumer Bankers Association (CBA) and the Small Business Financial Exchange (SBFE) reveals some promising trends for small businesses. The report – the Q1 2022 CBA-SBFE Sm...

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CUNA backs regulatory framework for governing digital assets

By Dave Kovaleski   |   July 7, 2022   |   Digital Currency

The Credit Union National Association voiced its support for developing a comprehensive regulatory framework governing digital assets that protect consumers, financial institutions, and the economy. ...

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New York Gov. Hochul signs into law bill to help businesses get cheaper workers comp insurance

By Dave Kovaleski   |   July 7, 2022   |   Featured

New York Gov. Kathy Hochul signed into law legislation that seeks to restore the ability of businesses to access low-cost workers' compensation coverage through the New York State Insurance Fund (NYSI...

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University of New Haven, cannabis education company collaborate on industry online certificates

By Douglas Clark   |   July 7, 2022   |   Cannabis Banking

The University of New Haven and California-based cannabis education company Green Flower are touting new online certificate programs to focus on cannabis industry opportunities. "This is a unique ...

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Spritz Finance launches new crypto wallet product feature

By Douglas Clark   |   July 7, 2022   |   Digital Currency

Spritz Finance is detailing a new product feature the Web3 bill pay platform provider for decentralized finance (DeFi) users noted would enable customers to directly pay bills from crypto wallets. ...

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Revive Asset Solutions crowdfunds multiple distressed properties into sellable, rentable gems

By Kim Riley   |   July 6, 2022   |   Featured

Revive Asset Solutions recently put a slumlord out of business, turning his six properties on the same street in Akron, Ohio, into gleaming rental properties that helped revitalize the community. ...

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SEC hits UBS Financial Services with fraud charges over yield enhancement strategy

By Dave Kovaleski   |   July 6, 2022   |   Federal

UBS Financial Services has agreed to pay $25 million to settle fraud charges by the Securities and Exchange Commission related to a complex investment strategy referred to as YES, or yield enhancement...

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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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