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Wednesday, May 14th, 2025

Home » Regulation » Federal » Page 206

Federal

Bill targets stablecoin clarity, cryptocurrency industry support

By Douglas Clark   |   April 4, 2022   |   Digital Currency

U.S. Sen. Bill Hagerty (R-TN) and U.S. Rep. Trey Hollingsworth (R-IN) have introduced a measure to provide stablecoin cryptocurrency industry clarity and support methods. The Stablecoin Transparenc...

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Lawmakers advocate federally-held student loan payments pause

By Douglas Clark   |   April 4, 2022   |   Federal

Nearly 100 lawmakers have forwarded correspondence to President Joe Biden, advocating for a federally-held student loan payments pause and meaningful student debt cancellation. "We are writing to u...

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U.S. House passes bill to decriminalize marijuana at federal level

By Tracy Rozens   |   April 1, 2022   |   Cannabis Banking

The U.S. House of Representatives on Friday passed landmark federal legislation to legalize marijuana, although the measure faces an uncertain future in the U.S. Senate. The Marijuana Opportunity R...

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Sens. Gillibrand, Sanders introduce Postal Banking Act

By Dave Kovaleski   |   April 1, 2022   |   Featured

U.S. Sens. Kirsten Gillibrand (D-NY) and Bernie Sanders (I-VT) are sponsoring legislation that would create banking services through the post office. The Postal Banking Act would establish a nonpro...

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Rep. McCaul probes DNI on possibility of Russia using digital assets to evade sanctions

By Dave Kovaleski   |   April 1, 2022   |   Digital Currency

U.S. Rep. Michael McCaul (R-TX) is seeking information from the Office of the Director of National Intelligence (ODNI) on whether Russia uses digital assets to evade sanctions. In his letter to OD...

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Cannabis banking bill receives bipartisan vote in Senate Banking and Insurance Committee

By Liz Carey   |   April 1, 2022   |   Cannabis Banking

A cannabis banking bill authored by Pennsylvania Sens. John DiSanto (R-Dauphin/Perry) and Sharif Street (D-Philadelphia) passed the Senate Banking and Insurance Committee Wednesday. Senate Bill 11...

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Sens. Brown, Durbin, colleagues advocate for Main Street lending initiatives

By Douglas Clark   |   April 1, 2022   |   Federal

U.S. Sens. Sherrod Brown (D-OH) and Dick Durbin (D-IL) led correspondence to four entities, advocating for small businesses to garner access to credit amid the Main Street pandemic recovery. Brown,...

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House advances bill to help Americans increase their retirement savings

By Dave Kovaleski   |   March 31, 2022   |   Federal

The U.S. House of Representatives passed legislation designed to increase retirement savings for Americans. Specifically, the Securing a Strong Retirement Act of 2022 expands automatic enrollment ...

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Rep. Lynch introduces bill to develop electronic version of U.S. dollar

By Dave Kovaleski   |   March 31, 2022   |   Digital Currency

U.S. Rep. Stephen Lynch (D-MA) introduced a bill that would develop an electronic version of the U.S. Dollar for use by the American public. The Electronic Currency and Secure Hardware (ECASH) A...

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CFPB report examines credit card company late fees

By Douglas Clark   |   March 31, 2022   |   Federal

A recent Consumer Financial Protection Bureau (CFPB) report found that credit card companies assessed late fees totaling $12 billion in 2020. “Many credit card issuers have made late fee penalti...

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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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  • Legislation would help small businesses bring new technologies to market
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
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  • Credit Suisse hit with $510M fine for IRS violations
  • Trump signs into law resolution overturning overdraft cap rule

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