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Friday, May 9th, 2025

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New York Fed survey looks at consumers expectations for inflation, income, jobs

By Dave Kovaleski   |   January 15, 2025   |   Featured

The Federal Reserve Bank of New York released the results of its Survey of Consumer Expectations for December. Prepared by the NY Fed’s Center for Microeconomic Data, the survey shows that infla...

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Multiple state regulatory agencies fine mortgage company over cybersecurity violations

By Dave Kovaleski   |   January 10, 2025   |   Federal

The Conference of State Bank Supervisors (CSBS) announced that 53 state financial regulatory agencies are taking disciplinary action against a mortgage company and its affiliates for deficient cyberse...

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New York State hits $1B in cannabis retail sales

By Dave Kovaleski   |   January 3, 2025   |   Cannabis Banking

New York State’s cannabis industry recently hit a huge milestone, surpassing more than $1 billion in retail sales, announced Gov. Kathy Hochul. “Earlier this year, my administration took critic...

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Atlanta Federal Reserve ends year with several promotions

By Dave Kovaleski   |   January 3, 2025   |   News

The Atlanta Federal Reserve recently promoted Michael Williams to senior vice president and head of Operations for Federal Reserve Financial Services (FRFS). Previously, Williams was vice president...

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New statewide regulation released to expand insurance access in California

By Kim Riley   |   January 2, 2025   |   Featured

The California Department of Insurance (CDI) on Monday released the final Net Cost of Reinsurance in Ratemaking Regulation, which requires insurance companies for the first time to increase coverage i...

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Sens. Wyden, Ossoff and Warnock ask GAO to investigate Georgia healthcare program

By Dave Kovaleski   |   December 20, 2024   |   Federal

U.S. Sens. Ron Wyden (D-OR), Jon Ossoff (D-GA), and Raphael Warnock (D-GA) are urging the Government Accountability Office (GAO) to investigate the costs of implementing the Georgia Pathways to Covera...

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‘IRS should not expand Broker Rule,’ says Ohio Republican

By Kim Riley   |   December 11, 2024   |   Featured

An Ohio member of the U.S. House of Representatives recently voiced opposition to the Internal Revenue Service’s (IRS’s) expansion of the Digital Assets Sale and Exchanges Rule, also known as the ...

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Tacoma-based Sound Credit Union acquires Washington Business Bank

By Dave Kovaleski   |   December 5, 2024   |   Industry

Sound Credit Union, based in Tacoma, Wash., recently finalized its acquisition of Washington Business Bank, based in Olympia. Through this transaction, Sound acquired all assets and assumed substa...

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The Federal Home Loan Bank of New York awards $70.8M in Affordable Housing Program subsidies

By Melina Druga   |   December 2, 2024   |   Industry

The Federal Home Loan Bank of New York, a Congressionally chartered bank serving financial institutions and housing associates, recently awarded 61 affordable housing initiatives in eight states and P...

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Utah Attorney General leads effort to challenge SEC authority on state crypto laws

By Dave Kovaleski   |   November 21, 2024   |   Digital Currency

Utah Attorney General Sean Reyes is leading a coalition of 18 states to challenge the Securities Exchange Commission’s (SEC) attempt to regulate cryptocurrencies with policies that may contradict st...

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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
  • CFPB says it will not prioritize buy now, pay later enforcement
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sens. Gallego, McCormick sponsor legislation to boost affordable housing supply
  • Credit Suisse hit with $510M fine for IRS violations
  • Huntington National Bank opens first branch in the Carolinas
  • 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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