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Home » Regulation » Federal » Page 249

Federal

Legislation seeks to clarify IRS audit prohibitions

By Douglas Clark   |   September 14, 2022   |   Federal

Senate Finance Committee Republicans Ranking Member Mike Crapo (R-ID) has introduced legislation that outlines Internal Revenue Service (IRS) audit prohibitions regarding those earning less than $400,...

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Senators seek information from Meta CEO on combating cryptocurrency scams

By Dave Kovaleski   |   September 13, 2022   |   Digital Currency

A group of U.S. senators is seeking information from Meta CEO Mark Zuckerberg about the company’s efforts to combat cryptocurrency scams on its platforms and hold bad actors accountable. The sena...

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Sen. Menendez advocates SAFE Banking Act passage, strengthening of National Flood Insurance Program

By Douglas Clark   |   September 13, 2022   |   Cannabis Banking

U.S. Sen. Bob Menendez (D-NJ) is advocating the Senate passage of the SAFE Banking Act while also encouraging efforts to strengthen the National Flood Insurance Program (NFIP). Menendez authored th...

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SEC creates two new offices to handle growing cryptocurrency, life sciences filings

By Dave Kovaleski   |   September 13, 2022   |   Digital Currency

The Securities and Exchange Commission (SEC) is adding two new offices, including one specifically dealing with cryptocurrency filings. Specifically, the SEC will ramp up the Office of Crypto Asset...

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Sens. Wyden and Crapo introduce bill to bolster retirement savings

By Dave Kovaleski   |   September 12, 2022   |   Featured

U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) introduced legislation on Sept. 8 that seeks to expand access to employer-sponsored retirement plans. The Enhancing American Retirement Now (EARN) ...

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CFPB, CMS address illegal nursing home debt collection practices

By Financial Regulation News Reports   |   September 12, 2022   |   Federal

Consumer Financial Protection Bureau (CFPB) and Centers for Medicare & Medicaid Services (CMS) officials have detailed efforts to address illegal nursing home debt collection practices. The agencie...

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Sen. Pat Toomey

Sen. Toomey urges greater transparency for community benefit plans

By Dave Kovaleski   |   September 12, 2022   |   Federal

U.S. Sen. Pat Toomey (R-PA), the ranking member of the U.S. Senate Banking Committee, reached out to federal banking regulators with concerns related to community benefits plans (CBPs) developed by ba...

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CBA cites findings in recently released study on bank-led innovations in overdraft products

By Dave Kovaleski   |   September 9, 2022   |   Featured

Global intelligence firm Curinos released a study this week that examined the impact of bank-led innovations on the rapidly evolving overdraft marketplace. The study highlighted the growing number...

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Republican lawmakers express concerns over liming access to investors

By Dave Kovaleski   |   September 9, 2022   |   Federal

Republican members of the House Financial Services Committee’s Investor Protection, Entrepreneurship, and Capital Markets Subcommittee are urging the Financial Industry Regulatory Authority (FINRA) ...

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Rep. Norton calls for establishment of inspector general to oversee the Thrift Savings Plan

By Dave Kovaleski   |   September 8, 2022   |   Federal

U.S. Rep. Eleanor Holmes Norton (D-DC) introduced legislation that would establish an inspector general for the Federal Retirement Thrift Investment Board (FRTIB). The FRTIB is the agency that mana...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • 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

Digital Currency

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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