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Home » Regulation » Page 279

Regulation

Kentucky state officials select medical cannabis advisory committee

By Douglas Clark   |   June 16, 2022   |   Cannabis Banking

Kentucky state officials have announced members of the Team Kentucky Medical Cannabis Advisory Committee, which would advise Gov. Andy Beshear regarding medical cannabis access for residents. “Po...

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Measure targets greater flexibility in college savings plans

By Douglas Clark   |   June 16, 2022   |   Federal

U.S. Sens. Richard Burr (R-NC) and Bob Casey (D-PA) recently introduced a bill that seeks to offer parents greater flexibility regarding transferring unused/excess funds from a college savings account...

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SEC charges Rochester, NY former officials with misleading investors on bond offering

By Dave Kovaleski   |   June 16, 2022   |   Federal

The Securities and Exchange Commission (SEC) recently charged the City of Rochester, N.Y., some former city officials, and an advisor with misleading investors in a $119 million bond offering. Spec...

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Senators concerned about impact of SEC rule on climate disclosures on companies

By Dave Kovaleski   |   June 15, 2022   |   Federal

U.S. Sens. John Hoeven (R-ND) and Tim Scott (R-SC) are among a group of senators expressing concerns about a proposed Securities and Exchange Commission (SEC) rule on climate disclosures, particularly...

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Rep. Norton expresses concerns regarding Thrift Savings Plan

By Douglas Clark   |   June 15, 2022   |   Federal

U.S. Rep. Eleanor Holmes Norton (D-DC) recently forwarded correspondence to the Federal Retirement Thrift Investment Board, noting concerns regarding constituents having difficulty accessing their Thr...

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CBA urges House Financial Services not to advance overdraft bill

By Dave Kovaleski   |   June 15, 2022   |   Featured

The Consumer Bankers Association (CBA) voiced its opposition to a bill that addresses bank overdraft services and fees for customers. In a new letter sent to the House Committee on Financial Servi...

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House advances bill to help small businesses better compete for federal contracts

By Dave Kovaleski   |   June 14, 2022   |   Federal

A bill introduced by U.S. Rep. Pete Stauber (R-MN) that is designed to help more small businesses compete for federal contracts was approved by the U.S. House of Representatives. The Strengthening...

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Illinois Department of Financial and Professional Regulation outlines next steps in cannabis licensing process

By Douglas Clark   |   June 14, 2022   |   Cannabis Banking

The Illinois Department of Financial and Professional Regulation (IDFPR) recently detailed the next steps toward issuing 185 Conditional Adult Use Cannabis Dispensing Organization Licenses. The pro...

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Rep. DeFazio, Sen. Sanders introduce bill to expand Social Security

By Dave Kovaleski   |   June 14, 2022   |   Featured

U.S. Rep. Peter DeFazio (D-OR) and Sen. Bernie Sanders (I-VT) introduced joint legislation to strengthen and expand Social Security. The Social Security Expansion Act (SSEA) would extend the solven...

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Rep. Foster introduces bill to help parents with student loans

By Dave Kovaleski   |   June 13, 2022   |   Federal

U.S. Rep. Bill Foster (D-IL) introduced legislation last week in the U.S. House of Representatives that would allow students to take over the student debt that was incurred on their behalf. Fosterâ...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • 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

Digital Currency

  • Senate Banking Committee advances digital assets legislation
  • Financial trade groups urge Senate Banking committee to refine stablecoin bill
  • State Street Investment Management joins Galaxy Digital to launch tokenized liquidity fund
  • Bankers urge strengthening the GENIUS Act
  • Sens. Warren, Van Hollen express concerns over SEC exemptions for crypto assets

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