Financial well-being of Americans holds steady, according to Fed report

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By Dave Kovaleski  |  May 15, 2026

The Federal Reserve Board issued a report this week that examines the financial circumstances of U.S. adults and their families. Overall, the Economic Well-Being of U.S. Households in 2025 report shows that financial well-being was consistent with recent years. Survey results indicate that the labor market remained solid, despite some softening since the previous year's survey. Price increases remained the most common financial concern, though the share of U.S. adults saying it was a major co...

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FinCen issues alert regarding funding networks for Iran’s IRGC

By Dave Kovaleski |
May 13, 2026

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert to help financial institu...Read More »

Financial trade groups urge Senate Banking committee to refine stablecoin bill

By Dave Kovaleski |
May 12, 2026

The American Bankers Association, among other financial trade associations, are urging Senate Banking Committee leaders ...Read More »

OCC releases semiannual risk perspectives for banks

By Dave Kovaleski |
May 11, 2026

The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective last week, highlighting the...Read More »

Sen. Warren probes how credit reporting agencies approach BNPL products

By Dave Kovaleski |
May 8, 2026

U.S. Sen. Elizabeth Warren (D-MA) is leading an effort to seek more clarity from credit reporting agencies on how they a...Read More »

U.S. Bank report: CFOs more focused on cost cutting, growth

By Dave Kovaleski |
May 7, 2026

The latest U.S. Bank CFO Insights report found that while cutting expenses is the top priority of finance leaders, growt...Read More »

SIFMA offers recommendations for implementation of GENIUS Act

By Dave Kovaleski |
May 6, 2026

The Securities Industry and Financial Markets Association (SIFMA) made several recommendations for the Office of the Com...Read More »

Copart stock slides ahead of Q3 as lawsuit allegations cast shadow on corporate culture

By Kim Riley |
May 5, 2026

Copart Inc.’s stock, down about 48% over the past 52 weeks, is under pressure as some analysts cut forecasts ahead of ...Read More »

Citigroup rolls out new AI capabilities

By Dave Kovaleski |
May 5, 2026

Citigroup introduced a new platform called Arc, which will allow the bank to build and scale AI agents across the firm.Â...Read More »

Sen. Wyden calls for investigation of Puerto Rico residency tax shelter

By Liz Carey |
May 4, 2026

U.S. Sen. Ron Wyden (D-OR) has called for the Internal Revenue Service to investigate abuse of a tax shelter that allows...Read More »

Maryland Gov. Moore signs consumer protection bills into law

By Dave Kovaleski |
May 1, 2026

Maryland Gov. Wes Moore recently signed into law two new consumer protection bills. One is the Earned Wage Access bil...Read More »

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