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Author: Liz Carey

Mortgage Banker’s annual report shows increase in commercial borrowing, lending

By Liz Carey  |   April 30, 2026   |   Industry

A new report from the Mortgage Bankers Association has found that commercial real estate mortgage borrowing and lending increased 40 percent to $706 billion in 2025. The estimate exceeds the $505 ...

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BMO expands digital banking platform for smaller U.S. businesses

By Liz Carey  |   April 28, 2026   |   Industry

BMO Financial Group, the eighth largest bank by assets in North America, rolled out a simplified Online Banking for Business (OLBB) for smaller businesses. Previously available through a limited r...

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Regions Bank, Dash Solutions collaborate on Treasury Management innovation

By Liz Carey  |   April 27, 2026   |   Industry

Regions Bank and Dash Solutions announced they will launch Regions ReimbursePro, the bank’s latest Treasury Management innovation to help business clients modernize their payment processes. Reim...

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New York Gov. Hochul bans state employees from insider training on prediction markets

By Liz Carey  |   April 24, 2026   |   Featured

New York Gov. Kathy Hochul issued an executive order that will prohibit state employees from using their inside information to make bets on prediction markets. Prediction markets such as Kalshi an...

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Legislation making everyday payments faster, cheaper and more efficient introduced

By Liz Carey  |   April 23, 2026   |   Federal

U.S. Reps. Young Kim (R-CA) and Sam Liccardo (D-CA) introduced legislation recently that would modernize how payment companies access payment rails. The legislation, the Payments Access and Consum...

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ICI releases report on regulated funds, private credit valuation

By Liz Carey  |   April 22, 2026   |   Industry

A new report from the Investment Company Institute (ICI) outlines how regulated funds approach private credit valuation and the governance frameworks that support it. The paper comes as questions ...

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SEC chair questioned about record low agency enforcement activity

By Liz Carey  |   April 21, 2026   |   Federal

U.S. Sen. Elizabeth Warren (D-MA) is questioning whether the chairman of the Securities and Exchange Commission tried to hide from Congress the agency’s record low enforcement activity. In a let...

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SEC seeks public comment on consolidated audit trails, other data sources

By Liz Carey  |   April 20, 2026   |   Featured

The Securities and Exchange Commission is looking for public comments on its comprehensive review of the consolidated audit trail (CAT) and other audit trails and related data sources used in securiti...

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Legislation introduced to rein in proxy advisors

By Liz Carey  |   April 17, 2026   |   Featured

Legislation introduced by U.S. Rep. Bryan Steil (R-WI) and Ann Wagner (R-MO) would impose new rules on the proxy advisor duopoly. The lawmakers said their legislation Protecting Americans’ Retire...

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SBA applauds reauthorization of Small Business Innovation and Economic Security Act

By Liz Carey  |   April 16, 2026   |   Featured

Small Business Administration (SBA) Administrator Kelly Loeffler said the reauthorization of Small Business Innovation Research and Small Business Technology Transfer programs will ensure small busine...

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National Venture Capital Association reports strong investment activity, structural pressures around liquidity in annual report

By Liz Carey  |   April 15, 2026   |   Featured

The National Venture Capital Association (NVCA) released its annual yearbook looking at the past year and the future of the venture capital industry. According to its NVCA 2026 Yearbook, this year...

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First Citizens appoints new area executive for Dallas market

By Liz Carey  |   April 14, 2026   |   Industry

First Citizens Bank has named Chris Stringer to be the area executive for their business and branch banking operations in the Dallas-Fort Worth market. Stringer has nearly three decades of banking...

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BNY offers downpayment assistance as part of homeowner program

By Liz Carey  |   April 13, 2026   |   Industry

Global financial services company BNY launched a new homeowner program for U.S.-based employees to help address affordability issues. The program combines education, access to mortgage benefits an...

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Valley Bank names new Small Business Banking leader

By Liz Carey  |   April 10, 2026   |   Industry

Morristown, N.J.-based Valley National Bank announced that Jonas Ng will take on the position of Head of Small Business Banking. Ng, who previously held positions with Key Bank, will head up the bank...

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PNC Bank launches consumer loyalty, rewards program

By Liz Carey  |   April 8, 2026   |   Industry

PNC Bank debuted its PNC TotalRewards offer this week, providing tiered benefits for its consumers. The new relationship-based loyalty program is designed to give PNC customers more value, transpa...

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Fulton Financial Corporation acquires Blue Foundry Bancorp

By Liz Carey  |   April 3, 2026   |   Industry

Lancaster, Pa.-based Fulton Financial Corporation announced on April 1 it has successfully completed the acquisition of Blue Foundry Bancorp, of Rutherford, N.J. The acquisition positions Fulton to a...

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FINRA launches center to combat cybersecurity, fraud threats

By Liz Carey  |   April 2, 2026   |   Federal

The Financial Industry Regulatory Authority (FINRA) said it has launched the Financial Intelligence Fusion Center (FIFC) to share information about cybersecurity and fraud threats to its members. ...

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Legislation to promote new business innovation introduced

By Liz Carey  |   March 31, 2026   |   Federal

U.S. Sen. Marsha Blackburn (R-TN) has introduced legislation that would spur new business innovation by expanding tax incentives. The American Innovation Act would offset startup costs and remove ...

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Legislation introduced to stop government officials from trading on prediction markets

By Liz Carey  |   March 30, 2026   |   Federal

U.S. Sens. John Curtis (R-UT), Elissa Slotkin (D-MI), Todd Young (R-IN) and Adam Schiff (D-CA) introduced legislation that would prohibit federally elected officials and government employees from usin...

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APCIA: Property and casualty insurance industry should take steps to improve affordability, availability

By Liz Carey  |   March 27, 2026   |   Industry

The American Property Casualty Insurance Association is recommending steps the industry can take to improve insurance affordability and availability for American consumers. The rising cost of livi...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

  • Sens. Warren, Van Hollen express concerns over SEC exemptions for crypto assets
  • Coalition urges Congress to advance digital asset legislation
  • Maine Bankers Association, Stablecore enter partnership
  • Treasury launches initiative to strengthen cybersecurity in digital asset industry
  • Blockchain Association rebuts arguments about tokenized U.S. securities

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