U.S. Sens. Elizabeth Warren (D-MA) and Jack Reed (D-RI) sent inquiries to the largest U.S. banks seeking information on why deposit interest rates were much lower than loan interest rates. The la...
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A bipartisan group of U.S. senators introduced a bill that seeks to authorize the president to negotiate a tax agreement with Taiwan to provide broader bilateral tax relief. The senate bill is co...
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U.S. Rep. Lloyd Smucker (R-PA), a House Ways and Means Committee senior member, recently re-introduced legislation that would permanently extend Section 199A of the Internal Revenue Code. Section 1...
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U.S. Reps Steve Woman (R-AR) and Seth Moulton (D-MA) introduced legislation that would eliminate the tax burden on the Basic Needs Allowance paid to military members. The legislation would ensure ...
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There is no longer any ambiguity about greenmailing in Ohio now that Gov. Mike DeWine has signed a new law that includes language codifying a 2024 ruling by former Franklin County Ohio Court of Appeal...
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The New York State Department of Financial Services has proposed regulations to enhance consumer protections against unfair overdraft fees. The proposed regulations ensure consumers will no longer ...
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U.S. Rep. Mike Carey (R-OH) introduced a resolution in the House that would roll back the Internal Revenue Service’s Digital Assets Sale and Exchanges Rule. The rule requires custodial brokers to...
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In 2024, the Securities and Exchange Commission (SEC) initiated 33 cryptocurrency-related enforcement actions, according to a Cornerstone Research report, a 30 percent decline from 2023 and the first ...
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A new bipartisan, bicameral bill that would exempt tips from federal income tax was introduced Wednesday. U.S. Reps. Vern Buchanan (R-FL) and Byron Donalds (R-FL) introduced the No Tax on Tips Ac...
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The Intercontinental Exchange, Inc. announced a record two billion in futures and options were traded in 2024. The trade contracts mark the highest volume year in ICE’s history and include 1.2 b...
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