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Friday, May 16th, 2025

Home » Regulation » Federal » Page 190

Federal

Banking groups call on CFPB to rescind update to examine banks for discrimination

By Dave Kovaleski   |   July 1, 2022   |   Featured

The Independent Community Bankers of America (ICBA) and several other banking industry groups released a white paper on the Consumer Financial Protection Bureau’s (CFPB) actions to expand its examin...

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Rep. Waters urges federal regulators to investigate Wells Fargo

By Dave Kovaleski   |   July 1, 2022   |   Federal

U.S. Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, is urging federal regulators to investigate recent allegations made against Wells Fargo. The allegations say that th...

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Rep. Lee commends House committee advancement of cannabis amendment

By Douglas Clark   |   June 30, 2022   |   Cannabis Banking

U.S. Rep. Barbara Lee (D-CA) is commending the House of Representatives Committee on Appropriations action advancing an amendment protecting legal cannabis programs. The committee's advancement of ...

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SEC charges Ernst & Young for allegations of employees cheating on CPA exams

By Douglas Clark   |   June 30, 2022   |   Federal

The U.S. Securities and Exchange Commission (SEC) recently outlined charges against Ernst & Young LLP, alleging the audit firms' professionals cheated on exams required to obtain and maintain Certifie...

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CFPB rule affirms that states can establish their own credit reporting laws

By Dave Kovaleski   |   June 30, 2022   |   Featured

The Consumer Financial Protection Bureau (CFPB) issued a rule affirming the ability of states to establish their own fair credit reporting laws. This allows states to enact state-level laws that a...

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Industry trade groups urge CFPB to extend comment period on late fees rule

By Dave Kovaleski   |   June 29, 2022   |   Federal

Several industry trade associations are urging the Consumer Financial Protection Bureau (CFPB) to grant a 60-day extension for comments on its proposed rule on credit card late fees that financial ins...

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JEC issues response to president’s economic report

By Dave Kovaleski   |   June 29, 2022   |   Featured

The U.S. Congress Joint Economic Committee (JEC) released its response to the Economic Report of the President, making recommendations to improve the economy. The JEC is required by law to respond...

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House Financial Services Committee advances bill to close ILC loophole

By Dave Kovaleski   |   June 28, 2022   |   Featured

The House Financial Services Committee advanced the Close the Industrial Loan Company (ILC) Loophole Act, which drew praise from the Credit Union National Association (CUNA) and the National Associati...

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CFPB issues final rule to help survivors of human trafficking

By Dave Kovaleski   |   June 28, 2022   |   Federal

The Consumer Financial Protection Bureau (CFPB) issued a final rule to financially help survivors of human trafficking. Survivors often find that their credit reports reflect financial obligations...

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SEC adopts amendments on adviser, manager electronic filing requirements

By Douglas Clark   |   June 28, 2022   |   Federal

The Securities and Exchange Commission (SEC) recently adopted amendments focusing on electronic filing requirements for investment advisers and institutional investment managers. “In a digital ag...

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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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