Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg laid out the agency’s priorities for 2022. “While there are many pressing issues the FDIC will have to address thi...
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The U.S. Department of the Treasury has released findings from a study exploring illicit financing in the high-value art market, determining evidence of money laundering risk within the market. “...
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The U.S. House of Representatives passed the Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022, which includes several bills designed to ...
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U.S. Sens. Mark R. Warner (D-VA) and Sherrod Brown (D-OH) recently forwarded correspondence to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler as a means of encouraging human capit...
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It has been a remarkably smooth and successful ride for Michigan’s cannabis industry, and regulators hope to keep it that way as the growing network of suppliers and sellers face an inevitable perio...
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U.S. Sens. Tim Scott (R-SC) and Maggie Hassan (D-NH) introduced a bill designed to help community banks better meet the credit needs of their customers. Specifically, the Minority Deposit Instituti...
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The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) recently released findings from research examining central bank digital currency (CBDC). The Project Hamilton...
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A bill that would reauthorize the Small Business Administration’s SCORE Program was passed by the House Small Business Committee last week. The SCORE for Small Business Act of 2022 (H.R. 6450) n...
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A popular cannabis banking reform amendment offered by U.S. Rep. Ed Perlmutter (D-CO) that would provide protections to financial institutions serving legal cannabis-based businesses on Friday receive...
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Republican members of the Senate Finance Committee are urging their senate colleague to reconsider efforts to implement a tax on financial statement income of U.S. companies. This minimum book inco...
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