A total of 73 percent of adults reported either doing okay or living comfortably financially, according to the Federal Reserve Board Economic Well-Being of U.S. Households in 2024 report. In 2021, it ...
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In the first quarter, banks reported aggregate net income of $70.6 billion, an increase of $3.8 billion – or 5.8 percent -- from the prior quarter, according to the Federal Deposit Insurance Corpora...
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The Securities and Exchange Commission’s Division of Economic and Risk Analysis published three new reports this week that focus on capital formation and beneficial ownership of qualifying private f...
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The Cities for Financial Empowerment Fund (CFE Fund), a fund that supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government, re...
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The NFIB Research Center released its quarterly Small Business Economic Trends survey, which examines the optimism level of small business owners in the construction, manufacturing, retail, and servic...
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U.S. Sen. Bill Cassidy, M.D. (R-LA) introduced legislation to revise an antiquated federal law requiring credit union boards to meet every month. His bill, the Credit Union Board Modernization Act...
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Investment bank Cantor successfully executed its first transactions within its Bitcoin Financing Business. The firm’s Bitcoin Financing Business expects to make available up to $2 billion in fin...
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Bipartisan legislation recently introduced in the U.S. Senate would restrict funding for Iran’s energy and weapons sectors. The Solidify Iran Sanctions Act would make permanent energy and weapons...
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The American Property Casualty Insurance Association (APCIA) laid out its legislative priorities on Capitol Hill this week on its Legislative Action Day. On the Legislative Action Day, APCIA membe...
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A bill that seeks to expand access to capital for small businesses in rural areas was approved by the House Financial Services Committee. The bill -- called the Expanding Access to Capital for Rur...
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The Securities and Exchange Commission charge Kenneth Mattson, a San Francisco Bay Area real estate investor, with fraud for what it called a “Ponzi-like scheme.” Mattson, the former CEO of Le...
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There is a broad alignment between how consumers say they feel about the economy and how they spend and borrow, according to the Consumer Bankers Association’s (CBA) Chart Book for the first quarter...
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A group of Republican senators on the Banking Committee have expressed concerns over the influence of proxy advisors over the corporate governance of U.S. public companies. Sens. Tim Scott (R-SC),...
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Legislation recently introduced in the U.S. Senate would repeal unused Securities and Exchange Commission (SEC) discretionary authorities granted by the Dodd-Frank Wall Street Reform and Consumer Prot...
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A group of financial industry associations are urging the U.S. Senate not to include the Credit Card Competition Act as an amendment to the GENIUS Act stablecoin bill. The Credit Card Competition A...
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U.S. Rep. Tom Emmer (R-MN) introduced legislation that seeks to provide legal clarity around digital asset developers. His bill, the Blockchain Regulatory Certainty Act (BRCA), would confirm that d...
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U.S. Sen. John Cornyn (R-TX) introduced legislation that would defer capital gains taxes on mutual funds growth. The Retirement Ownership Through Long-Term Holding (GROWTH) Act would help American...
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The U.S. House of Representatives passed a resolution that would repeal a rule that required more thorough reviews of bank mergers. The resolution (S.J. Res 13) would reverse a Biden-era rulemaking...
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Bipartisan legislation introduced in the U.S. House of Representatives would ensure certain employees participating in 403(b) retirement plans have the access to cost effective options that participan...
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Unicoin, Inc. and three of its top executives fraudulently made misleading statements in an offering statement, the Securities and Exchange Commission charged Monday. In a statement, the SEC said ...
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