A group of 53 state bankers associations recently sent a comment letter to the Office of the Comptroller of the Currency urging the agency to strengthen its proposed rule implementing the GENIUS Act. ...
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The Investment Company Institute (ICI) is urging the Securities and Exchange Commission to modernize its Recordkeeping Rule to better reflect the realities of the 21st Century. In a letter to the ...
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The Commodity Futures Trading Commission (CFTC) issued a request for comment on Thursday regarding potential modifications to its Commitments of Traders Reports (COT Reports) program. COT reports a...
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The National Federation of Independent Business (NFIB) is urging the Trump administration to continue to make the U.S. Customs and Border Protection (CBP) online tariff refund portal efficient for sma...
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The U.S. House of Representatives unanimously passed legislation that exempts wildfire relief payments made to victims from federal income tax. The bill is called the Doug LaMalfa Federal Disaster ...
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U.S. Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) expressed concerns over a recent Securities and Exchange Commission (SEC) interpretive release that grants exemptions from federal securi...
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Legislation that would require the IRS to use scanning technology to speed up paper return processing has passed the U.S. House of Representatives. The legislation, Barcode Automation for Revenue ...
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The U.S. Small Business Administration (SBA), in coordination with the White House Task Force to Eliminate Fraud, recently referred 562,000 suspected fraudulent loans to the U.S. Department of Treasur...
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Fintech company Mercury received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Mercury Bank, N.A. Mercury Bank will be a national bank that will allow M...
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The Commodity Futures Trading Commission (CFTC) filed a lawsuit to halt the State of New York’s efforts to apply state gambling laws against CFTC-registered contract markets. In its complaint aga...
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