U.S. Rep. Rudy Yakym (R-IN) introduced legislation to streamline federal tax reporting requirements on digital assets. His bill, the Less Tax Paperwork for Digital Asset Owners Act (H.R. 9178), wou...
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The Conference of State Bank Supervisors (CSBS) has recommended changes to the Federal Deposit Insurance Corporation’s (FDIC) proposed rule to implement the GENIUS Act. In a comment letter to the...
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The U.S. Department of the Treasury recently released its annual Social Security and Medicare trustees reports. The move followed a meeting of the Social Security and Medicare Boards of Trustees, and ...
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Bipartisan legislation recently introduced in the U.S. House of Representatives would allow eligible federal student loan borrowers to refinance their loans while remaining in the federal student loan...
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The U.S. Securities and Exchange Commission (SEC) established joint data standards for data submitted to certain financial regulatory agencies. The joint standards are designed to promote interoper...
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U.S. Rep. Ron Estes (R-KS) introduced a bipartisan resolution expressing opposition to digital services taxes (DSTs) and other extraterritorial tax measures levied by foreign nations. The resolutio...
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The Office of the Comptroller of the Currency (OCC) recently announced that Benjamin Eddy became senior deputy comptroller for regional and midsize financial institutions on June 1. “Ben brings d...
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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory for financial institutions about the risks of the unlawful employment of illegal aliens. F...
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Democrats on the Senate Banking Committee introduced a bill that would automatically and fully fund the Consumer Financial Protection Bureau (CFPB). The bill requires mandatory transfers to the CFP...
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The Securities and Exchange Commission (SEC) recently announced it has appointed five new members to the Small Business Capital Formation Advisory Committee to serve four-year terms. The new member...
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