U.S. Sen. Pat Toomey (R-PA) released a discussion draft of a bill that would establish a new regulatory framework for payment stablecoins. The draft legislation would establish a new federal licens...
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Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) report findings maintain supply chain disruptions, labor shortages, and inflation continue to negatively impact the smal...
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the world’s largest darknet market, the Russia-based Hydra Market, along with virtual currency exchange Gar...
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A coalition of bank and credit union associations, among others, are urging Congress to pass a bill that would close the industrial loan company (ILC) loophole. The Close the ILC Loophole Act (H.R...
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A group of lawmakers recently forwarded correspondence to Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the withdrawal of a proposed rule regarding greenhouse gas (GHG) emissions...
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Needham Bank has completed the transfer of its cannabis banking and money service businesses from Eastern Bank after receiving regulatory approvals. Needham has also hired the cannabis banking team...
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Independent Community Bankers of America (ICBA) officials said the organization is re-emphasizing consumers seize their financial future and embrace sound money management practices during April's Fin...
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U.S. Reps. Norma Torres (D-CA) and Rick Crawford (R-AR) introduced legislation designed to mitigate the risks to the United States of El Salvador’s adoption of Bitcoin as legal currency. Their ...
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Republicans on the Senate Banking Committee introduced a discussion draft of a plan to accelerate economic growth and spur new business formation. The draftʻs working title is the JOBS Act 4.0, wh...
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U.S. Sens. Cynthia Lummis (R-WY), Kyrsten Sinema (D-AZ), Mark Warner (D-VA), and Bill Hagerty (R-TN) recently introduced legislation that seeks to ease Main Street business initial public offering (IP...
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