Justice Department issues multiple felony charges as part of COVID-era loan fraud sweep
The U.S. Department of Justice has obtained multiple felony charges as part of its Operation No Doze initiative, which targeted fraud in the Small Business Administration’s small business COVID-era loan programs. The National Fraud Enforcement Division along with the Small Business Administration (SBA) and the SBA Office of Inspector General obtained felony charges against nearly 80 fraud defendants. The charges target a range of individuals who allegedly exploited COVID-era SBA loan pro...
Read More
Featured
OCC raises asset threshold to qualify for 18-month exam cycle
The Office of the Comptroller of the Currency is hiking the asset threshold for financial institutions to qualify for th...Read More »
Blockchain Association, Crypto Council file motion to block Illinois law
The Blockchain Association and Crypto Council for Innovation filed a lawsuit seeking to bar the State of Illinois from e...Read More »
Investors seek two board seats at United Bancorporation of Alabama
Merion Road Capital Management LLC and Blue Hill Advisors LLC, shareholders of United Bancorporation of Alabama Inc. (UB...Read More »
EverBank, WaFd announce $3.9B reverse merger agreement to create combined bank
EverBank Financial Corp., the parent company of EverBank N.A., and WaFd, Inc., the parent company of WaFd Bank, on Sept....Read More »
SEC seeks to rescind pay-to-play rule governing investment advisors political contributions
The Securities and Exchange Commission (SEC) is seeking to rescind its “pay-to-play” rule that prohibits investment ...Read More »
New study by APCIA shows that Florida insurance market has stabilized
A new study from the American Property Casualty Insurance Association (APCIA) found that reforms enacted in 2022-2023 ha...Read More »
BNY Mellon Municipal Bond Fund Board nominees retain seats after stockholder vote
The three incumbent nominees to the board of BNY Mellon Municipal Bond Infrastructure Fund Inc. (DMB) will continue serv...Read More »
U.S. Bank expands with new hires in Florida, Georgia, Texas and Arizona
U.S. Bank is expanding its presence in the key markets of Florida, Georgia, Texas and Arizona with new business banker h...Read More »
FDIC, OCC issue final rule for banks on risks and compliance issues
The U.S. Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a f...Read More »
Senators introduce bill to return insurance authority to states
U.S. Sens. Marsha Blackburn (R-TN), Ted Cruz (R-TX), Mike Lee (R-UT) and Rand Paul (R-KY) have introduced legislation ...Read More »
