Freddie Mac released this week the Multi-Indicator Market Index (MiMi), which showed the majority of top-100 housing markets across the United States steadily improved to a national MiMi value of 86.4...
Read More
The U.S. Government Accountability Office (GAO) recently analyzed 30 different rules and regulations as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), which became...
Read More
MasterCard recently released its year-end SpendingPulse report, showing that retail sales are up by 4 percent in the United States during the 2016 holiday season, which exceeded initial expectations f...
Read More
The New York State Department of Financial Services (DFS) recently updated its proposed first-of-its-kind cybersecurity regulation to provide protections to the state of New York from the growing conc...
Read More
The Securities and Exchange Commission (SEC) had announced that the director of its division of corporate finance, Keith Higgins, intends to leave the organization at the beginning of 2017. After H...
Read More
To spur growth of local banks, the New York State Department of Financial Services recently approved new branch openings for Flushing Bank and Pathfinder Bank. Flushing Bank got the go ahead to lau...
Read More
In its monthly snapshot of consumer complaints released this week, the Consumer Financial Protection Bureau (CFPB) reports that the leading frustration among consumers is being wrongly hounded by debt...
Read More
The National Foundation for Credit Counseling (NFCC) recently elected Kurt Grossheim to its board of trustees. “NFCC’s focus on promoting financially responsible behavior is something I strongl...
Read More
According to a recent study conducted by the U.S. Federal Reserve, credit and debit card payments continued to gain ground in the payments environment and accounted for more than two-thirds of all cor...
Read More
The Securities and Exchange Commission (SEC) announced on Dec. 22 that Timothy Husson will be associate director of its division of investment management’s risk and examinations office. In his ne...
Read More
A draft of principles for reauthorization and reform for the National Flood Insurance Program (NFIP) are under consideration by the House Financial Services Housing and Insurance Subcommittee this wee...
Read More
As part of its commitment to community service, Fifth Third Bancorp will join forces with education company EverFi Inc. to offer financial education to high school students in the states it serves sta...
Read More
National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger along with senior staff met with Brian Peretti of the United States Department of the Treasury recently to discuss cy...
Read More
The National Association of Federal Credit Unions' (NAFCU) announced plans to change its name to the National Association of Federally-Insured Credit Unions, reflecting the newly provided right for ea...
Read More
The Federal Reserve Board requested comment this week on proposed guidelines for evaluating joint account requests at Federal Reserve banks. The joint accounts are meant to be used by depository in...
Read More
New data from a team of experts convened by the CFP Board offered insights into the future of financial advice in an age of digital advances in the financial planning profession. “We convened thi...
Read More
Retirees are receiving more income from employer-sponsored retirement plans now than they were in the mid-1970s, a report by the Investment Company Institute (ICI) recently found. Legislation, such...
Read More
First Niagara Risk Management, a national insurance company based in Buffalo, New York, completed its transition recently to its new role as a subsidiary of KeyBank. The subsidiary is now called Ke...
Read More
Two rules and a request were unanimously approved by the National Credit Union Administration (NCUA) board on Thursday, adjusting the current occupancy rule and providing increased transparency by the...
Read More
The Office of the Comptroller of the Currency (OCC) instituted a final rule on Dec. 15 for removing what it saw as unnecessary rules which led to an undue regulatory burden on certain monetary institu...
Read More