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Tuesday, May 13th, 2025

Home » Regulation » State

State

MIDFLORIDA Credit Union to purchase Prime Meridian Holding Co.

By Melina Druga   |   April 29, 2025   |   Industry

Lakeland, Fla.-based MIDFLORIDA Credit Union recently announced it plans to purchase Tallahassee-based Prime Meridian Holding Co. and its wholly-owned subsidiary, Prime Meridian Bank, a community bank...

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Arkansas asks for approval to restrict SNAP purchases

By Liz Carey   |   April 18, 2025   |   Industry

Arkansas recently became the first state in the country to request permission from the U.S. Department of Agriculture to ban purchases of soda and candy from the Supplemental Nutrition Assistance Prog...

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Federal regulators pause appraisal requirements in Los Angeles County due to wildfires

By Dave Kovaleski   |   April 17, 2025   |   Featured

Federal regulators have paused certain appraisal requirements for real estate-related transactions in Los Angeles County due to wildfires. This step was taken to help facilitate recovery efforts fr...

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Liberty Mutual pays $300,000 penalty for misleading consumers in Delaware

By Liz Carey   |   April 16, 2025   |   Industry

The Delaware Department of Insurance announced on Monday that Liberty Mutual has paid a penalty of $300,000 across three member companies, with an express stipulation that an additional $200,000 must ...

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Insurance group weighs in on insurance marketplace bills in Texas

By Liz Carey   |   April 10, 2025   |   Industry

Insurance group the American Property Casualty Insurance Association (APCIA) weighed in on proposed Texas legislation that would change its insurance marketplace recently, saying the state can improve...

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Program would help owners of homes destroyed by natural disasters

By Melina Druga   |   February 21, 2025   |   Industry

California Gov. Gavin Newsom recently announced a proposal that would create a more than $125 million mortgage relief program to assist homeowners whose homes were destroyed or severely damaged by rec...

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Calif. insurance commissioner: $6.9B paid out in wildfire insurance claims so far

By Dave Kovaleski   |   February 18, 2025   |   Industry

California Insurance Commissioner Ricardo Lara said on Feb. 13 that more than $6.9 billion has been paid to survivors of the state’s devastating wildfires that hit the Los Angeles area last month. ...

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American Property Casualty Insurance Association warns against insurance claim fraud following LA wildfires

By Melina Druga   |   January 29, 2025   |   Federal

The American Property Casualty Insurance Association (APCIA), a trade association for home, auto, and business insurers, is warning those affected by the Los Angeles area wildfires to be cautious of t...

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New York State proposes rule to curb unfair overdraft fees

By Dave Kovaleski   |   January 24, 2025   |   Industry

The New York State Department of Financial Services has proposed regulations to enhance consumer protections against unfair overdraft fees. The proposed regulations ensure consumers will no longer ...

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State regulators take enforcement action against fintech for BSA/AML violations

By Dave Kovaleski   |   January 17, 2025   |   Federal

The Conference of State bank Supervisors (CSBS) announced that 48 state financial regulators took enforcement action against Block, Inc., for BSA/AML violations. CSBS said that Block violated the B...

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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

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  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
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