Federal bank regulatory agencies are working together to strengthen and modernize the Community Reinvestment Act (CRA). The CRA was enacted 45 years ago to encourage banks to help meet the credit n...
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New York state officials are espousing the benefits of recently enacted legislation that seeks to bolster consumer protections while addressing the state's financial services system inequities. Gov...
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U.S. Rep. Carolyn Maloney (D-NY), along with U.S. Sens. Elizabeth Warren (D-MA) and Cory Booker (D-NJ), is calling on three major banks to discontinue their overdraft fees, which they said disproporti...
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Calif. Gov. Gavin Newsom signed an executive order this week that seeks to create a transparent regulatory and business environment for web3 companies – those that create decentralized blockchain on...
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The Financial Industry Regulatory Authority (FINRA) has fined two funding portals a combined $1.75 million for failing to comply with securities laws and rules related to crowdfunding. One of the c...
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During the state's first month of legalized adult-use cannabis sales, New Mexico state officials said retailers sold almost $40 million in adult-use and medical cannabis. The state's Cannabis Contr...
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Pennsylvania State Rep. Danilo Burgos (D-Dist. 197) has introduced a bill that revokes medical cannabis licenses for entities with ties to Russian businesses. Burgos noted on Feb. 24, 2022, Russia ...
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U.S. Sens. Tom Carper (D-DE) and Jon Ossoff (D-GA) are encouraging the Internal Revenue (IRS) to adopt Government Accountability Office (GAO) recommendations regarding efforts to improve the tax filin...
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U.S. Reps. Tom Emmer (R-MN) and Patrick McHenry (R-NC) introduced legislation to improve oversight of COVID-related Emergency Rental Assistance programs. The Emergency Rental Assistance Accountabil...
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U.S. Sens. Rob Portman (R-OH) and Sherrod Brown (D-OH) introduced legislation that seeks to update the asset limits for Supplemental Security Income (SSI) beneficiaries. SSI is a federal program th...
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