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Home » Regulation » Page 290

Regulation

CFPB issues advisory opinion for companies that use, share credit reports

By Dave Kovaleski   |   July 12, 2022   |   Featured

The Consumer Financial Protection Bureau (CFPB) issued a legal interpretation for companies that use and share credit reports and background reports. The CFPB’s advisory says companies must have ...

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Paxos outlines digital assets disclosure regimen

By Douglas Clark   |   July 12, 2022   |   Digital Currency

Regulated blockchain infrastructure platform Paxos is detailing a digital assets disclosure regimen, disclosing specific financial instruments backing its USDP and BUSD stablecoins. "The only way w...

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GOP lawmakers urge FHFA oversight of Fannie, Freddie

By Dave Kovaleski   |   July 12, 2022   |   Federal

Republican members of the House Housing, Community Development, and Insurance Subcommittee are urging the Federal Housing Finance Agency (FHFA) to provide oversight of activities under Fannie Mae and ...

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Pension Benefit Guaranty Corp. issues final rule to help struggling pensions

By Dave Kovaleski   |   July 11, 2022   |   Featured

The Pension Benefit Guaranty Corporation (PBGC) issued a final rule enacting changes to the Special Financial Assistance (SFA) Program for financially troubled multiemployer pension plans. The SFA...

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New Jersey medicinal cannabis sales tax eliminated

By Douglas Clark   |   July 11, 2022   |   Cannabis Banking

New Jersey state officials are espousing the benefits of eliminating state sales tax for residents enrolled in the state’s Medicinal Cannabis Program. “Removing state sales tax on medicinal can...

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Sen. Wyden releases interim report on big pharma tax practices

By Dave Kovaleski   |   July 11, 2022   |   Federal

U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, released an interim report on his investigation into the tax practices of large pharmaceutical companies. The interim report detai...

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Senators seek insight regarding alleged Zelle fraud

By Douglas Clark   |   July 11, 2022   |   Federal

A group of lawmakers recently forwarded correspondence to seven of the nation’s largest banks, seeking answers regarding alleged fraud on the online money transfer program Zelle. U.S. Sens. Eliza...

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NAFCU offers feedback on central bank digital currency

By Dave Kovaleski   |   July 8, 2022   |   Digital Currency

The National Association of Federally-Insured Credit Unions (NAFCU) offered feedback to Biden administration officials on a central bank digital currency (CBDC), saying the costs would outweigh the be...

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Senators advocate for cannabis descheduling, non-violent offender pardons

By Douglas Clark   |   July 8, 2022   |   Cannabis Banking

A group of lawmakers have forwarded correspondence advocating the Biden administration deschedule cannabis and pardon non-violent cannabis-related offenders. U.S. Sens. Elizabeth Warren (D-MA), Be...

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Senate advances bill expanding domestic production of semiconductor chips

By Douglas Clark   |   July 8, 2022   |   Federal

U.S. Sens. Marsha Blackburn (R-TN), Gary Peters (D-MI), and Rick Scott (R-FL) recently praised Senate advancement of legislation that seeks to expand domestic semiconductor chip manufacturing. The ...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • 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

Digital Currency

  • Crypto Council, Blockchain Association file suit against Illinois’ digital assets tax
  • SEC proposed new rules for crypto assets
  • Treasury seeking public comments on implementation of GENIUS Act
  • Report outlines how Clarity Act could weaken digital asset law enforcement tools
  • Organizations support Digital Asset Market Clarity Act
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