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Monday, May 12th, 2025

Home » News » Page 49

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Rep. Valadao seeking answers from IRS on delays in processing ERTC claims

By Dave Kovaleski   |   October 11, 2024   |   Federal

U.S. Rep. David Valadao (R-CA) is seeking information from the Internal Revenue Service (IRS) on delays in processing Employee Retention Tax Credit (ERTC) claims. The ERTC program was created durin...

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Sens. Warner, Cassidy introduce bill to improve service at IRS

By Dave Kovaleski   |   October 10, 2024   |   Featured

U.S. Sens. Mark Warner (D-VA) and Dr. Bill Cassidy (R-LA) introduced legislation designed to improve customer service at the Internal Revenue Service (IRS). The Improving IRS Customer Service Act ...

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Community Bank Sentiment Index moves past neutral

By Melina Druga   |   October 10, 2024   |   Industry

The Community Bank Sentiment Index (CBSI) moved past neutral for the first time in more than three years, signaling community bankers nationwide have a brighter outlook. During the third quarter, t...

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Small business optimism rose in September, according to NFIB survey

By Dave Kovaleski   |   October 10, 2024   |   Industry

The NFIB Small Business Optimism Index rose by 0.3 points in September to 91.5, while the group’s Uncertainty Index rose 11 points to 103. This is the 33rd consecutive month below the 50-year av...

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Treasury Department announced $75M in innovative small business grants

By Liz Carey   |   October 10, 2024   |   Federal

On Tuesday, the U.S. Department of the Treasury announced it had awarded more than a dozen small business initiative programs a total of $75 million in grants. Part of the State Small Business Cre...

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CFPB publishes report on illegal practices in auto financing

By Dave Kovaleski   |   October 9, 2024   |   Industry

The Consumer Financial Protection Bureau (CFPB) published a report on its findings related to illegal practices in auto finance. Among the practices detailed in the CFPB’s Supervisory Highlights ...

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U.S. Treasury awards California $10M to grow small businesses

By Kim Riley   |   October 9, 2024   |   Featured

California has been awarded $10 million in federal funds to help small businesses grow and hire more employees, announced the U.S. Treasury Department Oct. 7. “With this new funding, California w...

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Mortgage Bankers Associations leads effort to close racial home ownership gap

By Dave Kovaleski   |   October 9, 2024   |   Federal

The Mortgage Bankers Association (MBA) along with 13 other leading industry groups formed a new organized charged with developing solutions to close the racial home ownership gap in America. The i...

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OCC seeks papers on the use of artificial intelligence in banking, finance

By Financial Regulation News Reports   |   October 9, 2024   |   Industry

The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers through Dec. 15 on the use of artificial intelligence (AI) in banking and finance. The OCC is particularly...

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CFTC events seek to raise awareness of the importance of investor education, protection

By Melina Druga   |   October 8, 2024   |   Federal

The Commodity Futures Trading Commission’s Office of Customer Education and Outreach will be hosting events this week to raise awareness about the importance of investor education and protection. ...

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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

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  • 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
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Stephen Luparello named chairman of OCC
  • Legislation would promote competition in mobile app marketplace

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