Dec 23, 2019 | Congressional Legislation, News
After a long wait and intense speculation from the banking, cannabis, and other industries, Senate Banking Committee Chairman Mike Crapo last week announced his opposition to the House-passed SAFE Act, which would allow banks to serve cannabis businesses. With...
Dec 20, 2019 | Congressional Legislation, News
Earlier this month, United States Senator Elizabeth Warren (D-Mass.) and Representative Jesús “Chuy” García (D-Ill.) introduced the Bank Merger Review Modernization Act, which they say would restrict harmful consolidation in the banking industry and protect consumers...
Dec 19, 2019 | Federal Regulation, News
Last week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs met for a hearing entitled “Oversight of the Securities and Exchange Commission” (SEC). The SEC’s mission is to maintain efficient markets, facilitate capital formation, and protect investors....
Dec 17, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) convened a free public workshop at the Constitution Center in Washington, D.C. examining “issues affecting the accuracy of traditional credit reports as well as...
Dec 16, 2019 | Congressional Legislation, News
Last week, House Financial Services Chairwoman Maxine Waters (D-Calif.) convened the Committee for one final markup in calendar year 2019, taking up eight bills and three resolutions. In her opening statement, Chairwoman Waters highlighted a number of issues faced by...
