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Legislation would keep Pennsylvania government from taking money out of banking fund to pay other expenses

Legislation would keep Pennsylvania government from taking money out of banking fund to pay other expenses
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Pennsylvania House passes bill to support integrity of banking system

Financial Regulation News
Pennsylvania House passes bill to support integrity of banking system
By Dave Kovaleski |
May 10, 2021 |
Industry
The Pennsylvania State House of Representatives approved a bill last week that seeks to support the integrity of Pennsylvania’s banking system.
© Shutterstock
The legislation, House Bill 859, was introduced by Pennsylvania State Rep. Sheryl Delozier (R-Cumberland). It now moves to the State Senate for a vote.
The bill references the Banking Fund, which holds semi-annual assessments paid by Pennsylvania’s state-chartered banks and credit unions to finance the regulation of the industry. However, in recent years, over $40 million from the fund has been transferred to balance operating budgets for state agencies. ....

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A business deposit account that sweeps cash into green projects

A business deposit account that sweeps cash into green projects
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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