Credit Union National Administration (CUNA) officials sent a letter to the Senate Agriculture Committee this week, calling upon Congress to ensure that digital ledger technology comes with proper cons...
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A bill recently introduced in the U.S. Senate would eliminate the tax code provision in the American Rescue Plan (ARP) that requires third-party payment platforms to report businesses’ gross transac...
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Sen. Pat Toomey (R-PA) has requested the Government Accountability Office (GAO) examine Community Development Financial Institution (CDFI) funding initiatives. Officials indicated the request revol...
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A group of U.S. Congress members expressed their support for and offered guidance on a proposed rule by the Financial Crimes Enforcement Network (FinCEN) that would implement sections of the Corporate...
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U.S. Rep. Chellie Pingree (D-ME) has introduced a bill she said seeks to address unresolved issues in implementing the 2018 Farm Bill hemp provisions. Pingree said the Hemp Advancement Act of 2022 ...
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Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg laid out the agency’s priorities for 2022. “While there are many pressing issues the FDIC will have to address thi...
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The U.S. Department of the Treasury has released findings from a study exploring illicit financing in the high-value art market, determining evidence of money laundering risk within the market. “...
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The U.S. House of Representatives passed the Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022, which includes several bills designed to ...
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U.S. Sens. Mark R. Warner (D-VA) and Sherrod Brown (D-OH) recently forwarded correspondence to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler as a means of encouraging human capit...
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U.S. Sens. Tim Scott (R-SC) and Maggie Hassan (D-NH) introduced a bill designed to help community banks better meet the credit needs of their customers. Specifically, the Minority Deposit Instituti...
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