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Friday, May 16th, 2025

Home » Regulation » Federal » Page 195

Federal

US Conference of Mayors urges Congress to pass SAFE Banking Act

By Dave Kovaleski   |   June 8, 2022   |   Cannabis Banking

At the US Conference of Mayors' annual meeting in Reno on June 6, the gathering of mayors passed a resolution urging Congress to pass the SAFE Banking Act for cannabis businesses. The SAFE Banking...

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Sen. Whitehouse introduces zero percent student loan refinancing bill

By Douglas Clark   |   June 7, 2022   |   Federal

Sen. Sheldon Whitehouse (D-RI) recently introduced legislation that would allow borrowers to refinance federal student loans at zero percent interest. The Zero-Percent Student Loan Refinancing Act ...

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ICBA, state banking associations offer recommendations to FDIC on climate risk plan

By Dave Kovaleski   |   June 7, 2022   |   Featured

The Independent Community Bankers of America (ICBA), along with state banking associations from 44 starts, is urging the Federal Deposit Insurance Corporation (FDIC) not to allow its proposed statemen...

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Report examines middle market cybersecurity attack possibilities

By Douglas Clark   |   June 6, 2022   |   Federal

The RSM US Middle Market Business Index (MMBI) Cybersecurity Special Report maintains middle market firm cybersecurity threats are multidirectional, with more skilled criminals targeting the segment. ...

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CFTC seeking comment on climate-related financial risk

By Dave Kovaleski   |   June 6, 2022   |   Federal

The Commodity Futures Trading Commission (CFTC) is seeking public comment to better understand the climate-related financial risks related to derivatives and commodities. Specifically, public resp...

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Sens. Hickenlooper, Collins introduce bill to help small businesses offer retirement plans

By Dave Kovaleski   |   June 6, 2022   |   Featured

U.S. Sens. John Hickenlooper (D-CO) and Susan Collins (R-ME) introduced legislation last week to make it easier for small businesses to offer retirement plans for their employees. The Simplifying S...

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Congressmembers urge Treasury, IRS to finalize Low-Income Housing Tax Credit rule

By Dave Kovaleski   |   June 3, 2022   |   Featured

A bipartisan group of Congressmembers recently urged the Treasury Department and the Internal Revenue Service (IRS) to finalize the average income test rule under the Low-Income Housing Tax Credit (LI...

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House bill would deny foreign tax credits to those paying taxes to Russia

By Dave Kovaleski   |   June 3, 2022   |   Federal

A bipartisan group of legislators recently introduced a bill in the House that would deny foreign tax credits and other tax benefits to companies that pay taxes to Russia and Belarus. The Support ...

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Justice Department details NFT insider trading complaint

By Douglas Clark   |   June 3, 2022   |   Digital Currency

Justice Department officials have detailed a complaint against a former Ozone Networks, Inc. d/b/a OpenSea product manager in connection with a Non-Fungible Tokens (NFTs) insider trading scheme. Au...

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Sen. Brown urges greater accountability, oversight at Wells Fargo

By Dave Kovaleski   |   June 2, 2022   |   Federal

U.S. Sen. Sherrod Brown (D-OH) sent a letter Tuesday to the CEO of Wells Fargo urging the bank related to address its recent issues related to risk management and minority hiring practices. Brown, ...

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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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