US Senators Ask SoFi About Its Banking Law Compliance =
“Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital...more
12/7/2022
/ American Bankers Association ,
Bank Holding Company ,
Banking Sector ,
Banks ,
Biden Administration ,
Commercial Bankruptcy ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Cards ,
Cryptocurrency ,
Digital Currency ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
Non-Bank Lenders ,
Overdraft Fees ,
Regulatory Agenda ,
Regulatory Oversight ,
Scams
Schumer: Senate ‘Very Close’ To Passing SAFE Banking Act -
“The House of Representatives passed the bill for the sixth time earlier this year.”
Why this is important: The passage of the Secure And Fair Enforcement...more
11/21/2022
/ Agribusiness ,
Banking Sector ,
Cannabis-Related Businesses (CRBs) ,
College Athletes ,
Credit Unions ,
Cryptoassets ,
Cryptocurrency ,
Debt Restructuring ,
Decriminalization of Marijuana ,
Dispensaries ,
Environmental Social & Governance (ESG) ,
FDIC ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Marijuana ,
Name and Likeness ,
NCAA ,
Regulatory Oversight ,
Small Business
SOFR Gaining Momentum as Drop Dead Date for Libor Nears -
"Transition from US dollar Libor to its preferred alternative, SOFR, is going surprisingly well, though treasurers are having to grapple with some operational...more
US Virginia Senate Allows State Banks to Offer Crypto Custody Services -
"Delegate Christopher T. Head introduced the bill back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody...more
5 Banking Trends to Watch in 2022 -
"Some of the narratives Banking Dive sees taking shape for 2022 — crypto, for example — are carryovers from last year, reaching a logical conclusion or forward motion. Others, such as...more
1/27/2022
/ Banking Sector ,
Certiorari ,
Chapter 11 ,
Commercial Bankruptcy ,
Cryptocurrency ,
Environmental Social & Governance (ESG) ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fossil Fuel ,
SBA
Top IRS Official Says Marijuana Banking Reform Would Help Feds ‘Get Paid’ -
"IRS’s Cassidy Collins talked about the 'special type of collection challenge' that the agency faces when it comes to working with cannabis...more
11/3/2021
/ Biden Administration ,
Business Taxes ,
Community Banks ,
Cryptocurrency ,
FDIC ,
Financial Institutions ,
Financial Regulatory Reform ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
Tax Liability ,
U.S. Treasury
Welcome to our fourth issue of Promissory Notes -- our e-newsletter focused on banking and finance insights. We hope you are enjoying our monthly publication.
New OCC Chief Signals Greater Caution on Crypto
"'We created...more