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Saturday, May 17th, 2025

Home » Regulation » Page 224

Regulation

CUNA supports passage of SAFE Banking Act

By Dave Kovaleski   |   April 15, 2022   |   Cannabis Banking

The Credit Union National Association (CUNA) voiced its support for including the Secure and Fair Enforcement (SAFE) Banking Act in the final version of the America COMPETES Act. The SAFE Banking ...

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PA Senate approves cannabis banking bill

By Liz Carey   |   April 15, 2022   |   Cannabis Banking

On Wednesday, the Pennsylvania Senate approved legislation from state Sens. John DiSanto (R-Dauphin/Perry) and Sharif Street (D-Philadelphia) to provide legal cannabis businesses in that state with ac...

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New report from GAO looks at small-dollar lending market

By Dave Kovaleski   |   April 15, 2022   |   Industry

A new report from the U.S. Government Accountability Office (GAO) found regulatory uncertainty around small-dollar loans impeded banks from offering these products. The report examined the impact ...

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Sen. Toomey responds to SEC’s amendments to money fund rules

By Dave Kovaleski   |   April 14, 2022   |   Federal

U.S. Sen. Pat Toomey (R-PA) sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler on the SEC’s proposed amendments to money market fund rules. On December 15, the SEC prop...

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Cannabis cultivation firm details New Jersey operation approval

By Douglas Clark   |   April 14, 2022   |   Cannabis Banking

Cannabis cultivation facility operator Ascend Wellness Holdings (AWH) has been approved to serve adult-use consumers in New Jersey. "It is an honor to be part of the inaugural group of cannabis bus...

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Sen. Brown commends action addressing consumer medical debt

By Douglas Clark   |   April 14, 2022   |   Federal

U.S. Sen. Sherrod Brown (D-OH) is commending the Biden administration's recent decision to take action regarding addressing consumer medical debt. Last month, Brown advocated for the Biden administ...

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Industry trade groups respond to CFPB request for information on ‘junk fees’

By Dave Kovaleski   |   April 14, 2022   |   Featured

The National Association of Federally-Insured Credit Unions (NAFCU) was among several industry trade associations that offered feedback on the Consumer Financial Protection Bureaus (CFPB) request for ...

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State insurance commissioners adopt new standard for insurers to report climate risks

By Dave Kovaleski   |   April 13, 2022   |   Featured

A group of state insurance regulators adopted a new standard for insurance companies to report their climate-related risks, the National Association of Insurance Commissioners (NAIC) announced at its ...

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Rep. Mooney introduces bill to bring cost-benefit analysis to CFPB rules

By Dave Kovaleski   |   April 13, 2022   |   Federal

U.S. Rep. Alex Mooney (R-WV) Wednesday introduced a bill this week in the U.S. House of Representatives that would require the Consumer Financial Protection Bureau (CFPB) to employ a more rigorous cos...

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Organizations assess technology, relationship banking competition

By Douglas Clark   |   April 13, 2022   |   Digital Currency

The Consumer Finance Protection Bureau's (CFPB) Credit Union Advisory Council (CUAC) recently conducted a joint session with the Community Bank Advisory Council (CBAC) regarding technology and relatio...

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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

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