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Friday, May 9th, 2025

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Regulation

Sen. Scott sponsors bill designed to expand credit access to more Americans

By Dave Kovaleski   |   April 15, 2025   |   Featured

U.S. Sen. Tim Scott (R-SC) introduced legislation that seeks to expand credit access for Americans with limited or non-existent credit histories. The Credit Access and Inclusion Act, S. 1465, would a...

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Bill to improve college financial assistance introduced in Congress

By Liz Carey   |   April 15, 2025   |   Federal

U.S. Reps. Lloyd Doggett (D-TX) and Mike Kelly (R-PA) have introduced bipartisan legislation aimed at improving access to college financial assistance. The legislation, H.R. 2543, would make any port...

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Sen. Kennedy, Rep. Barr unveil resolution to overturn OCC rule on bank mergers

By Dave Kovaleski   |   April 14, 2025   |   Federal

U.S. Sen. John Kennedy (R-LA) and U.S. Rep. Andy Barr (R-KY) introduced a joint resolution of disapproval to nullify a final rule issued by the Office of the Comptroller of the Currency (OCC) related ...

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Senators urge DOJ to reverse course on policies toward crypto crime

By Liz Carey   |   April 14, 2025   |   Digital Currency

A coalition of U.S. senators is asking the U.S. Department of Justice (DOJ) to reverse course on its recent decision to disband the National Cryptocurrency Enforcement Team (NCET). In an April 10 let...

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Bipartisan bill introduced to reduce spam from mortgage industry

By Dave Kovaleski   |   April 14, 2025   |   Featured

U.S. Sens. Jack Reed (D-RI) and Bill Hagerty (R-TN) introduced legislation that seeks to reduce spam calls, texts, and emails from irresponsible players in the mortgage industry. The Homebuyers Priva...

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House passes resolution to overturn CFPB’s rule to limit overdraft fees

By Dave Kovaleski   |   April 11, 2025   |   Featured

The U.S. House of Representatives passed a continued resolution to overturn the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft fees. The resolution passed the Senate last ...

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Legislation modernizing capital tax treatment for life insurers introduced

By Liz Carey   |   April 11, 2025   |   Federal

Legislation introduced by U.S. Sens. Thom Tillis (R-NC) and Raphael Warnock (D-GA) would modernize the taxation of debt investments held by life insurers, officials said. The legislation, the Secu...

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House bill seeks to block regulators from denying services based on ‘reputational risk’

By Dave Kovaleski   |   April 11, 2025   |   Federal

U.S. Reps. Andy Barr (R-KY) and Ritchie Torres (D-NY) introduced legislation that would prohibit federal banking regulators from using “reputational risk” as a justification to deny financial serv...

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CFTC supports Justice Department’s new digital assets policy

By Dave Kovaleski   |   April 10, 2025   |   Digital Currency

Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), praised a new policy by the Justice Department policy that ends the practice of regulation by prosecution in the digital...

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Rep. Hill introduces bill to update contribution rules for HSAs

By Dave Kovaleski   |   April 10, 2025   |   Federal

U.S. Rep. French Hill (R-AR) introduced a bill this week that would update the contribution rules for Health Savings Accounts (HAS). The HSA Spouse Catch-Up Act, cosponsored by Rep. Greg Steube (R...

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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

  • Lawmakers urge reconsideration of Capital One-Discover merger
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • Sens. Gallego, McCormick sponsor legislation to boost affordable housing supply
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • CFPB says it will not prioritize buy now, pay later enforcement
  • Huntington National Bank opens first branch in the Carolinas
  • Credit Suisse hit with $510M fine for IRS violations
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Stephen Luparello named chairman of OCC
  • Legislation reintroduced to revert 1099-K threshold level to $20,000 for gig workers

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