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Home » Regulation » Federal » Page 252

Federal

ASA commends House committee’s approach to SEC Rule 15c2-11

By Douglas Clark   |   July 29, 2022   |   Federal

The American Securities Association (ASA) recently expressed support for the House Financial Services Committee's position regarding Securities and Exchange Commission (SEC) Rule 15c2-11 and implicati...

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House unanimously passes Hollingsworth legislation encouraging more investments from venture capital firms

By Liz Carey   |   July 29, 2022   |   Federal

U.S. Rep. Trey Hollingsworth (R-IN) recently introduced legislation encouraging more investment from venture capital firms. The Developing and Encouraging our Aspiring Leaders (DEAL) Act, which u...

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House advances bill to foster cannabis research

By Dave Kovaleski   |   July 28, 2022   |   Cannabis Banking

The U.S. House of Representatives passed legislation designed to streamline the application process for marijuana researchers and remove FDA barriers to encourage research on marijuana. The bill -...

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Report: China working to undermine U.S. Federal Reserve Banks

By Liz Carey   |   July 28, 2022   |   Federal

A new report released Tuesday has found that China has worked to target, influence, and undermine the U.S. Federal Reserve. The report, from U.S. Sen. Rob Portman (R-OH), ranking member of the Sen...

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Legislation seeks to address discrimination among financial institutions

By Douglas Clark   |   July 28, 2022   |   Federal

U.S. Sens. Sherrod Brown (D-OH) and Cory Booker (D-NJ) joined 17 colleagues in reintroducing the Fair Access to Financial Services Act, which would prohibit banks and other financial institutions from...

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CFPB penalizes Hyundai for providing inaccurate information to credit reporting companies, orders it to pay $19M

By Douglas Clark   |   July 28, 2022   |   Federal

The Consumer Financial Protection Bureau (CFPB) has penalized Hyundai Capital America (Hyundai) $19 million, alleging Hyundai repeatedly provided inaccurate information to nationwide credit reporting ...

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Sens. Toomey, Sinema introduce bill to exempt taxes on small crypto purchases

By Dave Kovaleski   |   July 28, 2022   |   Digital Currency

U.S. Sens. Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) introduced a bill that would exempt small personal transactions that use virtual currencies for goods and services from taxation. The Virtual ...

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Reps. Norton, Spanberger ask GAO to examine Thrift Savings Plan online system

By Dave Kovaleski   |   July 27, 2022   |   Federal

U.S. Reps. Eleanor Holmes Norton (D-DC) and Abigail Spanberger (D-VA) are asking the Government Accountability Office to examine the new Thrift Savings Plan (TSP) online system after hearing complaint...

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More than 200 organizations advocate passage of Pharmacy Benefit Manager Transparency Act

By Douglas Clark   |   July 27, 2022   |   Federal

The Food Industry Association said 207 organizations support the Pharmacy Benefit Manager (PBM) Transparency Act (S. 4293), which empowers the Federal Trade Commission (FTC) to increase drug pricing t...

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Justice Department details guilty plea of Titanium Blockchain Infrastructure Services CEO

By Douglas Clark   |   July 27, 2022   |   Digital Currency

Department of Justice officials have detailed the guilty plea of the Titanium Blockchain Infrastructure Services (TBIS) CEO for his role in a cryptocurrency fraud scheme involving an initial coin offe...

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Cannabis Banking

  • 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
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

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  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
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