The Federal Deposit Insurance Corp. and the Pennsylvania Department of Banking and Securities recently granted regulatory approvals for the merger of ACNB Bank and Traditions Bank, both Pennsylvania-b...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned a Chinese today public accounting firm for repeated violations of PCAOB rules and for failing to cooperate with an investigation. Sp...
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The Consumer Financial Protection Bureau (CFPB) fined Navy Federal Credit Union $95 million for allegedly charging illegal overdraft fees. The CFPB said that from 2017 to 2022, Navy Federal charge...
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U.S. Senators Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Chris Van Hollen (D-MD), and Tammy Duckworth (D-IL) recently sent a letter to Scott Giles, Higher Education Loan Authority of the Stat...
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PNC Bank plans to open more than 100 additional new branches and renovate 200 more existing locations across the country. Through this $500 million investment, PNC will now expand its branch netwo...
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Invesco Advisers has agreed to pay a $17.5 million civil penalty after the Securities and Exchange Commission (SEC) charged it with making misleading statements about integrating ESG in investment dec...
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) said it is expanding sanctions against Republika Srpska after the corrupt patronage network evaded sanctions to accumula...
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Over the past 12 months, 22 percent of credit card customers and 29 percent of bank customers experienced an instance of fraudulent activity on their accounts, according to the J.D. Power U.S. Financi...
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IBC Bank is forming a strategic partnership with Finanta, financial technology company the specializes in commercial lending. Through this partnership, Texas-based IBC will integrate Finanta's adv...
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Los Angeles-based American Plus Bank is acquiring the Long Beach, Calif. branch of United Fidelity Bank, which currently does business as International City Bank. American Plus Bank will acquire al...
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A new report examines how artificial intelligence (AI) is viewed within the alternative investment community by General Partners (GPs) and Limited Partners (LPs). The report, called An Inside Look ...
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Intercontinental Exchange, a company providing financial technology and data services, set a record in October for volume with a record 209 million contracts traded across futures and options. Comm...
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The Federal Deposit Insurance Corporation (FDIC) is rolling out a new online tool to help financial institutions, investors, and others to identify neighborhoods that could benefit from banking servic...
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A new report from the Mortgage Bankers Association (MBA) Research Institute for Housing America (RIHA) says the housing supply across the country will remain tight as more Americans over 50 continue t...
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The North American Securities Administrators Association (NASAA), an international organization devoted to investor protection, seeks public comments on proposed revisions to its broker-dealer conduct...
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The Public Company Accounting Oversight Board (PCAOB) published a supplement that provides audit firms with additional guidance regarding remediation. The supplement to its Staff Guidance Concernin...
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U.S. Rep. Roger Williams (R-TX), chair of the House Committee on Small Business, said his committee’s year and a half long investigation into the U.S. Small Business Administration found the agency ...
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The November 2024 ICE Mortgage Monitor Report, produced by the Intercontinental Exchange, found that mortgage holders withdrew $48 billion of home equity in the third quarter. This was the largest...
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The U.S. Treasury Department added nearly 60 military installations across the country to the list of areas under the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). ...
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The Treasury Department’s Community Development Financial Institutions Fund and the Federal Housing Finance Agency (FHFA) have established a new working group. The CDFI Fund-FHFA Working Group wi...
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