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Saturday, May 17th, 2025

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Regulation

Senators urge Congressional leaders to pass SAFE Banking Act for legal cannabis businesses

By Dave Kovaleski   |   May 13, 2022   |   Cannabis Banking

A bipartisan group of U.S. Senators is urging their Congressional leaders to include the Secure and Fair Enforcement (SAFE) Banking Act in the final version of legislation currently being negotiated b...

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Bipartisan senators advocating expedited CTA implementation

By Douglas Clark   |   May 13, 2022   |   Federal

A bipartisan group of lawmakers recently forwarded correspondence encouraging the Treasury Department to implement the Corporate Transparency Act (CTA) to aid the federal government in imposing Russia...

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Michigan launches program to promote social equity in cannabis industry

By Dave Kovaleski   |   May 13, 2022   |   Cannabis Banking

The Michigan Cannabis Regulatory Agency (CRA) launched a new initiative this week to encourage cannabis industry licensees to be proactive in their diversity, equity, and inclusion campaigns. The i...

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Senate Republicans seeking more clarity on IRS proposal to expand ACA tax credit

By Dave Kovaleski   |   May 13, 2022   |   Featured

A group of Senate Republicans is seeking greater clarity on a proposal by the Internal Revenue Service (IRS) to expand the Affordable Care Act’s premium tax credit (PTC). In the Affordable Care A...

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House Financial Services Committee touts advancement of nine bipartisan bills

By Douglas Clark   |   May 13, 2022   |   Federal

House Financial Service Committee Chair Maxine Waters recently announced the House of Representatives' advancement of nine bipartisan measures. The Fair Hiring in Banking Act (H.R. 5911) bill would...

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Senators urge Treasury to implement Corporate Transparency Act

By Dave Kovaleski   |   May 12, 2022   |   Federal

A bipartisan group of senators is calling on the U.S. Treasury Department to swiftly implement the Corporate Transparency Act (CTA), which upgrades the country’s anti-money laundering laws and impos...

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Pennsylvania state senate launches task force to study digital currency

By Dave Kovaleski   |   May 12, 2022   |   Digital Currency

The leader of the Pennsylvania State Senate is launching a task force to examine how federal policy changes relating to digital currency could benefit Pennsylvania. The task force would include the...

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Associations support SEC cyber incident disclosure plan

By Douglas Clark   |   May 12, 2022   |   Federal

A group of financial services industry associations expressed their support of a Securities and Exchange Commission (SEC) proposal implementing requirements for financial institutions to disclose mate...

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NFIB survey assesses April small business trends

By Douglas Clark   |   May 12, 2022   |   Federal

The National Federation of Independent Business (NFIB) noted the organization's Small Business Optimism Index remained unchanged in April at 93.2. The figure represents the fourth consecutive month...

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CFPB advisory opinion affirms loan borrower protections

By Douglas Clark   |   May 11, 2022   |   Federal

Consumer Financial Protection Bureau (CFPB) officials recently detailed the agency's issuance of an advisory opinion affirming the extent of loan borrower protections under the Equal Credit Opportunit...

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Cannabis Banking

  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
  • PGI Global founder charged in crypto fraud scheme
  • SEC Crypto Task Force to hold crypto custody roundtable

Most Read Last 7 Days

  • OCC adopts new rules for bank mergers
  • Bankers fear imminent recession, survey says
  • Bipartisan bill would help GSE’s develop low-income housing
  • Trump signs into law resolution overturning overdraft cap rule
  • Legislation would help small businesses bring new technologies to market
  • Commercial mortgage delinquency rates increase in first quarter
  • Legislation reintroduced to revert 1099-K threshold level to $20,000 for gig workers
  • Treasury to fast track process to facilitate greater business investment
  • Reps. Nunn, Bynum introduce bill to simplify the IPO process for businesses
  • Lawmakers urge reconsideration of Capital One-Discover merger

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