Government

A government is the system or group of people governing an organized community, often a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary.

Source: en.wikipedia.org

Treasury Department Seeks Expanded Powers to Combat Illicit Finance
Treasury Department Seeks Expanded Powers to Combat Illicit Finance
November 29, 2023  |  Security & Fraud

The Department of the Treasury is seeking expanded powers to combat the use of digital assets in illicit finance. The department provided Congress with recommendations...

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Binance Faces Challenges in SE Asia After $4 Billion US Fine
Binance Faces Challenges in SE Asia After $4 Billion US Fine
November 29, 2023  |  Cryptocurrency

Last week, Binance agreed to pay $4 billion to resolve a Department of Justice investigation. Although that case is in the rearview mirror, the world’s...

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CFPB Fines Bank of America Over Mortgage Lending Data Submissions
CFPB Fines Bank of America Over Mortgage Lending Data Submissions
November 28, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay $12 million for submitting incomplete mortgage lending data to the federal government. Hundreds...

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White House Gives $50 Million to ‘Underserved’ Small Businesses
White House Gives $50 Million to ‘Underserved’ Small Businesses
November 21, 2023  |  SMBs

The Biden administration says it is releasing new funding to help underserved small businesses. The $50 million in funding, announced Tuesday (Nov. 21), comes from the American Rescue Plan...

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1099-K Reporting Changes Shift Burden of Tax Compliance to Platforms
1099-K Reporting Changes Shift Burden of Tax Compliance to Platforms
November 21, 2023  |  Taxes

Changes in tax reporting loom on the horizon — though recently were delayed a bit — as more commerce moves online. Wendy Walker, solutions principal...

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Fed to Raise Payment Services Prices 1.8%, but FedNow Unaffected
Fed to Raise Payment Services Prices 1.8%, but FedNow Unaffected
November 17, 2023  |  Payment Methods

The Federal Reserve Board has announced price changes for 2024 that will raise the price for established, mature services by an average of 1.8%. For...

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FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
November 16, 2023  |  Regulation

The Federal Trade Commission (FTC) has taken a proactive stance in protecting consumers from the potential dangers of artificial intelligence-enabled voice cloning technology. The FTC...

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Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
November 16, 2023  |  Banking

America’s banking giants are reportedly on the hook for replenishing the government deposit insurance fund. The Federal Deposit Insurance Corp. (FDIC) is going to approve...

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Companies Seek Regulator Guidance in Help Developing AI Products
Companies Seek Regulator Guidance in Help Developing AI Products
November 10, 2023  |  Artificial Intelligence

Artificial intelligence isn’t changing just one thing; it is changing everything. Companies in safety-critical areas like finance, healthcare and the security sector are moving carefully...

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