U.S. Customs and Border Protection (CBP) is developing a way to refund to importers the money they paid under tariffs that were later struck down by the Supreme Court, Reuters reported Friday (March 6). A CBP official said Friday in a court filing that CBP cannot immediately comply with a judge’s...
Innovation versus regulation is no longer the defining framework of the blockchain finance space. Instead, as a Thursday (March 5) technical clarification issued jointly by the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp. revealed, the traditional...
Twenty-four states filed a lawsuit Thursday (March 5) to stop the tariffs that President Donald Trump imposed shortly after the Supreme Court blocked his earlier tariffs. The lawsuit argues that tariffs are illegal because the president does not have the power to impose them, New...
A law firm whose leaders include former Sen. Russ Feingold filed a lawsuit Thursday (March 5) against President Donald Trump and Attorney General Pam Bondi Thursday (March 5), aiming to rescind the government’s approval of the sale of TikTok’s U.S. operations. The law firm, Public Integrity Project LLC, filed the lawsuit on...
The U.S. government must begin refunding the $130 billion it collected in tariffs that were later determined by the Supreme Court to be illegal, a federal trade court judge ruled Wednesday (March 4), according to multiple media reports. Judge Richard Eaton at the Court of...
The Office of the Comptroller of the Currency (OCC) issued final rules Tuesday (March 3) rescinding its Fair Housing Home Loan Data System regulation and simplifying licensing requirements for corporate activities and transactions involving community banks. The agency announced these final rules in a Tuesday...
Two United States lawmakers called for greater regulation of prediction markets after topics about the war in Iran were featured, even as the CEO of Kalshi said these topics are already banned among regulated markets. Sen. Chris Murphy of Connecticut reposted on social platform X...
The recent increase in national bank charter activity reflects a deliberate recalibration by FinTech firms that seek to widen the range of services they offer while securing steadier funding and federal supervision. For much of the past decade, many FinTechs relied on sponsor-bank arrangements and...
An ex-Trump administration official is calling on states to regulate prediction markets. Mick Mulvaney, a former congressman and acting chief of staff for the first Trump White House, spoke with Wired Monday (March 2) about his role as head of Gambling Is Not Investing, a group campaigning...