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Saturday, May 10th, 2025

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Regulation

Bipartisan bill would increase access to capital for small businesses

By Dave Kovaleski   |   March 17, 2025   |   Featured

Bipartisan legislation was introduced in the U.S. House of Representatives last week that seeks to increase the amount of capital available to small businesses. The Investing in All of America Act ...

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Bipartisan Senate coalition moves to crack down on pharmacy benefit managers pricing practices

By Liz Carey   |   March 17, 2025   |   Federal

A bipartisan coalition led by U.S. Sens. Mark Warner (D-VA), Peter Welch (D-VT), Roger Marshall (R-KS) and Bill Cassidy (R-LA) introduced legislation this week to limit abusive pricing practices by ph...

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Legislation would introduce criminal penalties for health insurance fraud

By Liz Carey   |   March 14, 2025   |   Federal

Legislation proposed by U.S. Sen. Ron Wyden (D-OR), and U.S. Reps. Deborah Ross (D-NC) and Kathy Caster (D-FL) would create criminal penalties for health insurance brokers who change Americans’ Affo...

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Rep. LaHood commends passage of legislation extending prosection of pandemic unemployment fraud

By Dave Kovaleski   |   March 14, 2025   |   Featured

U.S. Rep. Darin LaHood (R-IL) applauded the passage of the bipartisan Pandemic Unemployment Fraud Enforcement Act, which passed out of the House of Representatives by a vote of 295 to 127. This bi...

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ICBA is urging federal policymakers to end tax subsidies for credit unions

By Dave Kovaleski   |   March 14, 2025   |   Federal

The Independent Community Bankers of America (ICBA) is urging policymakers to end unwarranted federal tax subsidies for the nation’s largest credit unions. It follows a new policy initiative that...

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Treasury issues order targeting illicit activities along the southwest border

By Melina Druga   |   March 14, 2025   |   Federal

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a geographic targeting order (GTO) to further combat money laundering, drug cartels and other illi...

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Sen. Lummis introduces bill to establish strategic Bitcoin reserve

By Dave Kovaleski   |   March 13, 2025   |   Digital Currency

U.S. Sen. Cynthia Lummis (R-WY) introduced legislation to establish a strategic Bitcoin reserve to serve as an additional store of value to bolster the federal government’s balance sheet. Specifi...

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Reps. Ocasio-Cortez, Luna introduce bill to cap credit card interest rates at 10 percent

By Dave Kovaleski   |   March 13, 2025   |   Federal

U.S. Reps. Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-FL) introduced a bill that would immediately cap credit card interest rates at 10 percent. The bill (H.R. 1944) states that the ...

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Legislation introduced to lower housing costs, address housing crisis

By Liz Carey   |   March 13, 2025   |   Federal

Bi-cameral legislation re-introduced by Democrats would lower the cost of housing and address the housing shortage, law makers said. U.S. Sens. Elizabeth Warren (D-MA) and Raphael Warnock (D-GA) ...

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Rep. Perry seeks to repeal tax credit for carbon capture and sequestration

By Dave Kovaleski   |   March 12, 2025   |   Featured

U.S. Rep. Scott Perry (R-PA) introduced bipartisan legislation to repeal the 45Q tax credit for carbon capture and sequestration. The 45Q Repeal Act (H.R. 1946) -- the carbon oxide sequestration cr...

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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
  • CFPB says it will not prioritize buy now, pay later enforcement
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Huntington National Bank opens first branch in the Carolinas
  • Sens. Gallego, McCormick sponsor legislation to boost affordable housing supply
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Legislation would promote competition in mobile app marketplace
  • Stephen Luparello named chairman of OCC

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