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Saturday, May 10th, 2025

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Sen. Tillis to introduce bill to replenish the SBA’s Disaster Loan Program

By Dave Kovaleski   |   October 31, 2024   |   Federal

U.S. Sen. Thom Tillis (R-NC) is among a group of Republican senators that are introducing legislation to replenish the Small Business Administration (SBA) Disaster Loan Program. In mid-October, t...

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Treasury issues final rule implementing Biden executive order on national security threats

By Dave Kovaleski   |   October 30, 2024   |   Featured

The U.S. Department of the Treasury issued a final rule on an executive order related to national security threats from countries of concern. The rule implements executive order 14105, which is cal...

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Report: Small-business growth increased in October

By Melina Druga   |   October 30, 2024   |   Industry

Small-business job growth in October was 100.06, according to the Paychex Small Business Employment Watch, a monthly report on businesses with fewer than 50 workers. The report analyses of national...

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New survey shows consumer views on major bank policy issues

By Liz Carey   |   October 30, 2024   |   Industry

Consumers say they are happy with their credit cards and do not want the government to interfere with their rewards programs, a new survey has found. The survey, conducted by Morning Consult on be...

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CFTC takes legal action against firm for commodity pool scheme

By Dave Kovaleski   |   October 30, 2024   |   Federal

The Commodity Futures Trading Commission (CFTC) took a civil enforcement action against a firm for allegedly operating a commodity pool scheme. The legal action was filed in the U.S. District Court...

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Senators probe $2.1B housing acquisitions by KKR, effect on renters

By Liz Carey   |   October 29, 2024   |   Federal

A group of Democratic senators are looking into the effect of a multi-billion dollar real estate purchase that puts more than 5,200 rental units under the control of private equity firm KKR. In a ...

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SEC adopts new rules to improve resilience of covered clearing agencies

By Dave Kovaleski   |   October 29, 2024   |   Federal

The Securities and Exchange Commission (SEC) adopted rules recently designed to improve the resilience of covered clearing agencies. The SEC’s actions include rule amendments that establish new ...

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ABA survey: Majority of U.S. consumers satisfied with their primary bank

By Melina Druga   |   October 29, 2024   |   Industry

Eight-five percent of Americans with a bank account say they are “very satisfied” or “satisfied” with their primary bank, according to a recent survey conducted by Morning Consult on behalf of...

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Bank Policy Institute, Kentucky Bankers file suit against CFPB data protection rule

By Dave Kovaleski   |   October 29, 2024   |   Featured

The Bank Policy Institute (BPI) and Kentucky Bankers Association filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) over a rule that governs financial data protection. The laws...

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FINRA paper examines the potential impact of the metaverse on financial institutions

By Dave Kovaleski   |   October 28, 2024   |   Federal

The Financial Industry Regulatory Authority (FINRA) published a new report on how the virtual metaverse could impact business models and processes. The report, titled "The Metaverse and the Implicati...

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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
  • Forward Air board under fire from activist investor Ancora
  • Huntington National Bank opens first branch in the Carolinas
  • Sens. Gallego, McCormick sponsor legislation to boost affordable housing supply
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Stephen Luparello named chairman of OCC

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