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MI to Weigh Ban on Stock Buybacks for Companies Receiving Tax Breaks Michigan Sen. Mallory McMorrow (D) introduced a bill ( SB 783 ) that would prohibit publicly traded companies receiving economic incentives...
VA House Passes Paid Sick Leave Bill Virginia’s House of Delegates approved a bill ( HB 5 ) that would expand the state’s current paid sick leave law, which applies only to a small segment...
VA Lawmakers Okay Prescription Drug Affordability Board Virginia lawmakers have passed legislation ( SB 271 / HB 483 ) that would create a prescription drug affordability board to review drug prices...
Geolocation data has become a new frontier in privacy protection. This year, Virginia could join Maryland and Oregon as the first states to prohibit the sale of information that provides the precise...
Insurance Bill Raises Concerns in FL A fast-moving bill ( SB 1028 ) in Florida, sponsored by Sen. Joe Gruters (R), chairman of the Senate’s Banking and Insurance Committee, would require Citizens...
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Days after accusing JPMorgan Chase and Bank of America of discriminating against him and other conservatives, President Donald Trump issued an executive order directing the Treasury Department and bank regulators to ensure that lenders aren’t denying services to customers based on political or religious grounds, a practice known as “debanking.”
Some industry participants said the order raised many questions.
“There are words in the executive order which can be open to interpretation,” said Matt Bisanz, a partner at Mayer Brown, an international law firm that represents major financial institutions. “It’s not even clear if there will be regulations or just guidance, which will be enforced through the bank exam process or will be handled in a quiet, non-public manner,” he added. (REUTERS)
—Compiled by SNCJ Managing Editor KOREY CLARK
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