Report examines weather disaster costs
A recently released report revealed the financial impact of worldwide weather disasters in 2017 carried a record price tag of $344 billion. The Weather, Climate & Catastrophe Insight: 2017 Annual R...
Read MoreAuthor: Douglas Clark
Congress urged to nurture Maryland economy
A Maryland banking professional is encouraging Congress to bolster the state’s economy in the wake of the recent tax bill passage. In an op-ed piece published in the Baltimore Business Journal, B...
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Survey reveals financial reporting, cybersecurity concerns
Results of a recent audit, tax and advisory firm survey showed growing concerns for executives responsible for reporting corporate financial performance and cybersecurity. A group of 500 executives...
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Measure seeks to bolster small business capital access
Sens. Dean Heller (R-NV) and Joe Manchin (D-WV) introduced last week a bill designed to steer more capital to small businesses. The lawmakers said the Small Business Credit Availability Act, modern...
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World Bank Accountability Act gains House approval
The House of Representatives passed Wednesday the World Bank Accountability Act, which makes a share of future appropriations contingent on reforms to the International Development Association (IDA). ...
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Report examines disaster mitigation costs
A recently released report determined the price tag for disaster mitigation in America in 2017 exceeded $300 billion and highlighted the importance of mitigation investment. The National Institute ...
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Bank card default rate rising, according to credit default indices
The S&P/Experian Consumer Credit Default Indices revealed the bank card default rate rose 16 basis points to 3.44 percent through December 2017. Officials said the indices represent a comprehen...
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Lawmakers support online gaming industry protections
A group of lawmakers are urging the government to uphold guidance permitting online gambling save for sports betting. Sens. Bob Menendez (D-NJ) and Cory Booker (D-NJ) joined Reps. Frank LoBiondo (...
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Small business confidence sets record level
The National Federation of Independent Business (NFIB) said 2017 represented a banner year for small business confidence. The NFIB’s Index of Small Business Optimism showed 2017 served as the str...
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Measure to increase SBA loan program oversight
A group of lawmakers introduced legislation Tuesday designed to increase the Small Business Administration’s (SBA) oversight authority over one of its loan programs. Senate Small Business and En...
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Measure seeks to bolster Microloan program
Sen. Kirsten Gillibrand (D-NY) recently touted the benefits of a bill designed to strengthen the Small Business Administration (SBA) Microloan Program by increasing the limit on outstanding loans to...
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Artificial intelligence impact in finance industry increasing
Recently released survey results determined artificial intelligence (AI) impact on the finance industry is expanding. Research conducted by Censuswide on behalf of BlackLine, Inc., a leading provid...
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PCAOB Chairman Duhnke, Board Member Hamm sworn in
The Public Company Accounting Oversight Board (PCAOB) recently issued oaths to the panel’s head and a board member. William D. Duhnke III was sworn in as chairman while Kathleen M. Hamm has been ...
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SEC provides Tax Cuts and Jobs Act guidance
The Securities and Exchange Commission (SEC) has issued accounting guidance in the wake of the newly-approved Tax Cuts and Jobs Act. Officials said publication of staff guidance for publicly traded...
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TIA lauds tax bill passage
The Telecommunications Industry Association (TIA) is praising lawmakers’ passage of the House Tax Cuts and Jobs Act, maintaining the measure would advance broadband infrastructure, connectivity, and...
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NJBankers, ICBA Securities form alliance
The New Jersey Bankers Association (NJBankers) has endorsed ICBA Securities Inc., which provides fixed-income investment products and services to community banks. “We are thrilled for the opportu...
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HUD guide targets foreclosure avoidance
The Department of Housing and Urban Development (HUD) is offering homeowners a resource designed to help avoid foreclosure. Officials said the agency’s Homeowners Guide to Success serves as part ...
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Small business growth projection bright
On the heels of small businesses finishing strong in 2017, a recently released report is projecting further optimism next year. The 2017 Private Capital Access (PCA) Index report from Dun & Bradstr...
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Reps. Emmer, Hultgren introduce Home Mortgage Reporting Relief Act
Reps. Tom Emmer (R-MN) and Randy Hultgren (R-IL) introduced this week the Home Mortgage Reporting Relief Act, which seeks to aid small businesses and community banks. Emmer and Hultgren said the bi...
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Group supports tax reform bill, suggests extra measures
In correspondence to congressional leaders, the National Small Business Association (NSBA) expressed support for the tax reform bill and offered a pair of additional measures. NSBA officials said t...
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