For a biennial review of the consumer credit card industry, the Consumer Financial Protection Bureau (CFPB) this week requested information from the public on various aspects of its experience with credit cards, be they consumers, industry, or advocates. © Shutterstock In particular, the CFPB seeks feedback on: Terms of credit card agreements and credit card issuer […]
U.S. Sens. Sherrod Brown (D-OH), Ben Cardin (D-MD), and Patty Murray (D-WA) Tuesday reintroduced the Restaurant Revitalization Tax Credit Act, which seeks to provide restaurant tax relief.© Shutterstock The bill would establish a special tax credit available to businesses that have applied for the Small Business Administration (SBA) Restaurant Revitalization Fund (RRF) program but could […]
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A group of Republican lawmakers recently reintroduced the Stop the Nosy Obsession with Online Payments (SNOOP) Act.© Shutterstock The legislation stems from tax code provisions within the American Rescue Plan (ARP) requiring third-party payment platforms to report businesses’ gross transaction volumes totaling over $600 to the Internal Revenue Service (IRS). U.S. Sens. Bill Hagerty (R-TN), […]
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A group of lawmakers recently forwarded correspondence to the Securities and Exchange Commission (SEC), citing opposition to several proposed domestic equity market structure revisions.© Shutterstock U.S. Sens. Kevin Cramer (R-ND), Bill Hagerty (R-TN), Thom Tillis (R-NC), Mike Crapo (R-ID), and Cynthia Lummis (R-WY) signed off on the letter to SEC Chair Gary Gensler. “U.S. equity […]
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