The New York State Department of Financial Services (DFS) put out regulatory guidance to establish the criteria for stablecoins issued under DFS oversight. “Since DFS approved the first USD-backe...
Read More
The U.S. Government Accountability Office (GAO) has added the unemployment insurance (UI) system to the list of federal areas that are considered “high risk” for waste, fraud, abuse, and mismanage...
Read More
U.S. Sens. Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced legislation that would create a regulatory framework for digital assets that encourages responsible financial innovation, flex...
Read More
The City of Albany is seeking Local Cannabis Advisory Committee applicants, noting those selected would aid in developing municipal-level cannabis regulations. Regulatory considerations, per author...
Read More
Senate Committee on Banking, Housing, and Urban Affairs Chairman Sherrod Brown (D-OH) is advocating the Financial Stability Oversight Council (FSOC) review efforts to bolster consumer data protection....
Read More
The Federal Housing Finance Agency (FHFA) has released its first Mission Report outlining Fannie Mae and Freddie Mac (the Enterprises) activities and those of the Federal Home Loan Banks (FHLBanks). ...
Read More
U.S. Sen. Bill Cassidy (R-LA) expressed concerns following a Trustees of the Social Security and Medicare trust funds report regarding potential benefit cuts. The report projects that the Social Se...
Read More
At the US Conference of Mayors' annual meeting in Reno on June 6, the gathering of mayors passed a resolution urging Congress to pass the SAFE Banking Act for cannabis businesses. The SAFE Banking...
Read More
American Property Casualty Insurance Association (APCIA) officials recently detailed the New York Legislature's passage of legislation (S6028 and A6877) updating state insurance laws. If signed int...
Read More
Sen. Sheldon Whitehouse (D-RI) recently introduced legislation that would allow borrowers to refinance federal student loans at zero percent interest. The Zero-Percent Student Loan Refinancing Act ...
Read More