The complicated situation of banking regulators who determine which Americans have their bank accounts closed
Sen. Tim Scott on Bank Regulators and Account Closures Senate Banking Committee Chairman Tim Scott recently shared his thoughts with Fox News Digital regarding the influence of bank regulators on American bank accounts, suggesting that these regulators play a significant role in who is allowed to keep their accounts. He emphasized that many of these […]
White House outlines cryptocurrency policy goals for lawmakers and regulators
On Wednesday, the White House outlined its policy priorities for regulating digital assets, giving Congress and federal regulators detailed guidance for fulfilling President Trump’s commitment to making the U.S. a “global crypto capital.” A comprehensive 166-page report from Trump’s Digital Asset Working Group offers recommendations for lawmakers and regulators, covering aspects from crypto surveillance to […]
Trump requests the Supreme Court to permit the dismissal of regulators appointed by Biden
On Wednesday, the Justice Department under President Donald Trump submitted an emergency appeal to the Supreme Court in an effort to reverse a lower court ruling. This ruling prevented three regulators, appointed by President Biden, from being removed from their positions. The appeal specifically requests the Supreme Court to allow the Trump administration to terminate […]
Federal Regulators Close Santa Anna National Bank; Coleman County State Bank Takes Over Deposits
Closure of Santa Anna National Bank Santa Anna National Bank, a longtime fixture in Santa Anna since 1933, was shut down on Friday by the Secretary of Currency, becoming the first Texas bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) has taken over, announcing that Coleman County State Bank, based in Coleman, Texas, […]
Investigation into Visa and Mastercard fees expands as EU regulators examine market dominance
EU Expands Visa and Mastercard Fee Investigation Brussels – The EU antitrust authority is broadening its investigation into the fees charged by Visa and Mastercard, soliciting input from terminal providers and payment companies, according to documents reviewed. A new survey has been initiated, following a similar one that went out to retailers and merchants last […]
Medical marijuana leader criticizes Hochul and NY regulators as ‘un-American’
A leading figure in New York’s legal medical marijuana scene has criticized Governor Kathy Hochul and state regulators, claiming they have unfairly hindered his business and others. Boris Jordan, founder and CEO of Curaleaf, helped establish one of the first “Seed to Seal” cannabis stores for medical patients in the state a decade ago. In […]
US bank regulators pull back guardrails on bank crypto activities – Yahoo Finance
Pete Schroder WASHINGTON (Reuters) – US Bank regulators announced Thursday that they are pulling back several documents urging banks to be alert when they dabbled in cryptocurrency and related activities. The Federal Reserve said it has withdrawn its supervisory letters that stipulate that banks should seek prior approval from regulators before they can engage in […]
Gavin Newsom Begs Regulators To Keep Refineries In Biz After California Dems Ran Industry Out Of Town
Democrat Gov. Gavin Newsom is asking state regulators to try to keep the state’s oil refineries in state operations after Democrats spent years targeting the industry with aggressive regulations. Newsam I wrote it On Monday, California Energy Commission (CEC) vice-chairman Shivaganda will urge “reduble” to urge “reduble” to make efforts to keep fuel refiners in […]
NY cannabis merchants fume they can’t open pot lounges because of foot-dragging by regulators
Hash Sheesh! Operators of licensed cannabis stores in New York know that customers cannot open pot lounges where they can consume weeds on-site. Sign for illegal weed store in Chelsea, New York. Helain Sideman The 2021 Marijuana Regulations and Taxation Act legalized marijuana, allowing licenses to “consumption sites” or spaces where customers can smoke doobies […]
Reeves to outline plan to cut regulation costs and boost growth | Regulators
Rachel Reeves will meet with UK regulators on Monday after calling for more action to limit the red tape and promote economic growth. The prime minister argued that the government's plans will reduce costly delays and conflicts and save billions, and said regulators must embrace a more streamlined decision-making process. Reeves is expected to use […]