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Sunday, May 11th, 2025

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State

Federal Home Loan Bank of Chicago to allow use of VantageScore credit scores

By Dave Kovaleski   |   July 10, 2024   |   Industry

The Federal Home Loan Bank of Chicago is working with VantageScore to allow its member financial institutions to pledge mortgage collateral using VantageScore credit scores, serving as an alternative ...

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Republic First becomes first bank in 2024 to collapse

By Dave Kovaleski   |   April 30, 2024   |   Featured

Republic First Bank became the first bank to fail this year, as the Pennsylvania Department of Banking and Securities (DoBS) took possession of the Philadelphia-based bank last week. Citing its “un...

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Colorado Chamber report examines impact of removing noneconomic damage caps

By Dave Kovaleski   |   April 8, 2024   |   Industry

A new report assessing the impact of removing noneconomic damage caps in Colorado was released this week by the Colorado Chamber of Commerce in partnership with the American Property Casualty Insuranc...

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Delaware to consider bill protecting financial businesses serving legal marijuana industry

By Liz Carey   |   March 25, 2024   |   Cannabis Banking

On Thursday, a bill protecting companies that provide financial services to businesses in the legal marijuana industry was introduced in the Delaware General Assembly. House Bill 355, sponsored by...

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Georgia attorney general leads effort challenging SEC’s climate disclosure rule

By Dave Kovaleski   |   March 18, 2024   |   Federal

Georgia Attorney General Chris Carr is leading a coalition that is challenging the U.S. Securities and Exchange Commission’s climate disclosure rule. The new rule, adopted by the SEC on March 6,...

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Pennsylvania receives $20M federal grant to improve internet connectivity

By Dave Kovaleski   |   March 5, 2024   |   Featured

The Biden-Harris Administration approved $20 million this week for digital connectivity projects in Pennsylvania under the U.S. Department of the Treasury’s Capital Projects Fund (CPF). The award...

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How one Ohio lawsuit could quell legitimate shareholder activism in the state 

By Kim Riley   |   February 16, 2024   |   Featured

A pending legal decision is expected any day now that could alter the business climate for publicly traded companies in Ohio.  The litigation in Franklin County, Ohio Court of Common Pleas concern...

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Treasury Department approves federal funding for New York State High-Speed Internet

By Liz Carey   |   January 24, 2024   |   Federal

On Monday, the U.S. Treasury Department announced it had approved more than $228 million in American Rescue Plan funding to be spent on high-speed projects across New York state. The funding, part...

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Alberto Musalem

St. Louis Fed names Alberto Musalem as new president, CEO

By Dave Kovaleski   |   January 8, 2024   |   News

The Federal Reserve Bank of St. Louis tapped Alberto Musalem as its next president and CEO, effective April 2. Musalem succeeds Jim Bullard, who resigned from his role in July 2023 after 15 years ...

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Trulieve closes on financing, announces opening of new medical cannabis dispensaries

By Liz Carey   |   December 29, 2023   |   Cannabis Banking

Cannabis company Trulieve announced this week it had closed on $25 million in financing and would be opening two medical cannabis dispensaries in Florida. The company said it had closed on a comme...

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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
  • Forward Air board under fire from activist investor Ancora
  • 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 would promote competition in mobile app marketplace

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