House of Representatives Financial Services Committee advanced eight bills, including legislation seeking to expand financial services access. The Expanding Financial Access for Underserved Commun...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, launched an investigation into the tax practices of medical company Abbott following the closure of its baby formula plant. Specif...
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Adult-use marijuana establishments in Massachusetts surpassed $3 billion in gross sales this week, reported the Massachusetts Cannabis Control Commission. The 216 marijuana retailers and 11 deliver...
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The House Financial Services Committee advanced legislation this week seeking to strengthen cybersecurity efforts of the financial services industry. The Strengthening Cybersecurity for the Financ...
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The Securities and Exchange Commission (SEC) charged Allianz Global Investors U.S. (AGI US) and three former senior portfolio managers with a fraudulent options trading scheme. The SEC said the com...
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The Federal Deposit Insurance Corporation (FDIC) recently approved a final rule regarding statutory authority prohibiting misrepresentations about FDIC deposit insurance or misusing the FDIC’s name ...
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The King County Council in Seattle, Wash., has established a Cannabis Safety Taskforce following an uptick in armed robberies at cannabis shops within the county. “A dedicated Cannabis Safety Tas...
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A group of U.S. senators recently urged the appropriations committee to allocate the maximum possible funding for the federal Financial Crimes Enforcement Network (FinCEN) to support anti-money launde...
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A bipartisan group of U.S. senators plans to release a long-sought framework for regulating the volatile cryptocurrency market next week amid signs of market chaos. The group will release the draft...
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U.S. Rep. Jim Costa (D-CA) said California received 520,000 new business applications last year, with 219,000 businesses possessing the potential to hire new employees. Costa indicated the numbers ...
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