The World Economic Forum recently released a report that looks at how technology-driven risks in the financial services sector could become systemic threats to the global financial system. The report...
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Community bankers have a bleak outlook on economic conditions, according to the latest Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS). The index...
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The U.S. Department of Justice has seized an estimated $112 million of virtual currency from several cryptocurrency investment scams. Judges authorized seizure warrants for six virtual currency acc...
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U.S. Sen. James Lankford (R-OK) authored a bill that would make permanent a provision in the 2017 Tax Cuts and Jobs Act (TCJA) to allow businesses to fully expense new investments in the year of purch...
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The Consumer Financial Protection Bureau (CFPB) finalized a rule last week that is designed to increase transparency in small business lending, promote economic development, and combat unlawful discri...
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A Senate Finance Committee investigation has found major violations by Swiss bank Credit Suisse of a 2014 plea agreement it made with the U.S. Department of Justice (DOJ). The two-year investigati...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee Chair, is leading an investigation into auto supply chain links to forced labor in the Xinjiang region of China. In December, Wyden...
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U.S. Sens. Mitt Romney (R-UT) and Bill Cassidy, M.D. (R-LA) are among a group of Republican senators who introduced a resolution this week to overturn President Joe Biden’s plan to cancel student lo...
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The Federal Deposit Insurance Corporation (FDIC) will sell all deposits and loans of Silicon Valley Bridge Bank N.A. to First–Citizens Bank & Trust Company, based in Raleigh, N.C. The Silicon Val...
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The leaders of the House Financial Services Committee sent letters to the heads of the Federal Deposit Insurance Corporation (FDIC) and Treasury Department, seeking information on the Biden Administra...
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