AUSTIN, Texas–A new bill before the Texas legislature that calls for “a master plan for the expansion of the blockchain industry” could turn the state into the cryptocurrency capital of the country by introducing tax-free shopping with bitcoin, among other proposals, according to a new report.
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WASHINGTON—The Financial Accountability and Corporate Transparency (FACT) Coalition has submitted comments recommending that the Treasury Department address critical weaknesses in its proposed rule detailing access protocols for a new federal directory of the true, “beneficial” owners of anonymous companies to be established under the Corporate Transparency Act (CTA).
SACRAMENTO, Calif.—The Consumer Federation of California (CFC) is sponsoring a bill in California’s General Assembly that seeks to establish a new licensing regime for digital currency service providers operating in the state.
BOSTON— The number of data breaches in 2022 is actually double the size of what has been reported by one analysis, according to one company’s review of what took place last year.
SAN JOSE, Calif.—How important is a credit score in helping consumers feel secure?
TROY, Mich.–Even as they are fighting inflation and stiff competition, a surprising factor is playing a role in what really drives merchants’ satisfaction with the services they receive from financial institutions: credit card readers.
HONG KONG—The Hong Kong Securities and Futures Commission (SFC) is hiring four additional people this year to “better supervise” virtual asset (VA) service providers and their activities, as the market regulator readies a new licensing regime to allow for greater retail crypto investment amid the city’s push to revive its status as a hub for such assets.
WASHINGTON–Existing-home sales fell for the 12th straight month in January, according to newly released data from the National Association of Realtors (NAR).
WASHINGTON–American consumers added a total of $398 billion in new debt during Q4 2022, the fourth highest debt build-up for a fourth quarter in the past 20 years and nearly 4.5 times larger than Q4 2021, according to a new analysis.
NEW YORK—As credit card debt hit an all-time high of just shy of $1 trillion in the final three months of 2022, delinquencies among borrowers also accelerated.