U.S. banks generated net income of $64.2 billion in the first quarter of 2024, up $28.4 billion 79.5 percent from the prior quarter, according to the Federal Deposit Insurance Corporation’s latest Q...
Read More
The New York Stock Exchange is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). NYSE, which is part of the Intercontinental ...
Read More
The U.S. Department of the Treasury published a risk assessment that examines vulnerabilities associated with Non-fungible Tokens (NFTs) and NFT platforms. The Treasury’s 2024 Non-fungible Token ...
Read More
On Tuesday, the National Federation of Independent Businesses (NFIB) filed legal action to challenge legislation regulating beneficial ownership reporting. The lawsuit argues that the Corporate Tr...
Read More
U.S. house prices continue to rise, according to the Federal Housing Finance Agency (FHFA) House Price Index. The latest report showed that prices rose 6.6 percent in the first quarter compared to ...
Read More
There is cautious optimism among economists about the global economy, according to the latest Chief Economists Outlook released by the World Economic Forum. The report found that 82 percent of chi...
Read More
U.S. Sens. Tim Scott (R-SC) and Bill Hagerty (R-TN) are among a group of lawmakers voicing their opposition to a proposal to purchase and guarantee single-family closed-end second mortgages. In a ...
Read More
U.S. Sens. Mike Rounds (R-SD) and Martin Heinrich (D-NM) expressed their concerns to the U.S. Securities and Exchange Commission (SEC) over a rule dealing with conflicts of interest. Specifically, ...
Read More
On Thursday, U.S. Sens. Elizabeth Warren (D-MA) and Sheldon Whitehouse (D-RI), urged the U.S. Trustee program (USTP) to education borrowers and other stakeholders about new bankruptcy guidance that ma...
Read More
On Thursday, the Commodity Futures Trading Commission (CFTC) ordered J.P Morgan Securities, LLC, o pay a $200 million penalty over its failure to capture billion of orders in its surveillance systems....
Read More
Intercontinental Exchange (ICE) issued a white paper that examines expenses, known as fee cures, that are eroding mortgage lender profits. The TILA-RESPA Integrated Disclosure (TRID) rule, also kno...
Read More
Last week, the U.S. House of Representatives passed a bill that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). Unlike decentralized cryptocurrencies, like B...
Read More
The U.S. Senate Committee on Small Business and Entrepreneurship introduced four bills that deal with various issues, including improvements to the State Trade Expansion Program (STEP) and enhanced ac...
Read More
On Wednesday, the Securities and Exchange Commission (SEC) said it had settled charges with The Intercontinental Exchange, Inc. (ICE) for allegedly causing nine wholly-owned subsidiaries to fail in re...
Read More
The U.S. House of Representatives passed a bill this week that seeks to provide consumer protections and regulatory certainty for digital assets. The Financial Innovation and Technology for the 21...
Read More
On Thursday, U.S. Sen. Ron Wyden (D-OR) urged the Centers for Medicare & Medicaid Services (CMS) to enforce penalties on brokers who submit fraudulent enrollments for a health plan. Wyden, the cha...
Read More
The financial well-being of Americans remained unchanged last year, according to a report from the Federal Reserve Board. The Fed’s annual Economic Well-Being of U.S. Households report said that ...
Read More
The U.S. securities market will soon by switching to a T+1 standard settlement cycle, starting on May 28. Last February, the Securities and Exchange Commission (SEC) adopted rules to facilitate the...
Read More
A new survey has found that as Americans are saving for their kids higher education, they lack awareness of how 529 plans can help them. According to research from Edward Jones, half of Americans ...
Read More
U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) released a white paper last week outlining a policy related to reform how physicians are paid by Medicare. The white paper outlines several areas w...
Read More