Fintech company Mercury received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Mercury Bank, N.A. Mercury Bank will be a national bank that will allow M...
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The Commodity Futures Trading Commission (CFTC) filed a lawsuit to halt the State of New York’s efforts to apply state gambling laws against CFTC-registered contract markets. In its complaint aga...
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The Office of the Comptroller of the Currency (OCC) issued an interim final rule clarifying the law for national banks to charge certain fees. The preexisting powers under federal law have recently...
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Federal banking regulators jointly finalized a rule to modify the community bank leverage ratio consistent with existing statutory authority. The change will afford community banks greater flexibil...
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A coalition of more than 120 digital asset companies and organizations recently sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, urging it to move forward with a mark...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) will issue guidance that addresses the federal tax consequences of increasing medical marijuana research. Specifically, th...
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The Federal Housing Administration (FHA), Fannie Mae and Freddie Mac will be implementing their first new credit score models for mortgages in decades. The change is intended to lower costs. “Tha...
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The House Financial Services and the House Energy & Commerce committees jointly advanced two data privacy bills this week. One of them is the GUARD Financial Data Act, which establishes Title V of ...
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New York Gov. Kathy Hochul issued an executive order that will prohibit state employees from using their inside information to make bets on prediction markets. Prediction markets such as Kalshi an...
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The Independent Community Bankers of America (ICBA) offered its support for a bill approved by the House Financial Services Committee that will help community banks. The committee passed the Small ...
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