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Home » Industry

Industry

World Cup could bring $81B economic boost to United States

By Liz Carey   |   June 9, 2026   |   Industry

The 2026 World Cup is expected to generate significant short-term economic activity in the United States, officials with BMO Economics said in a new report, including up to $81 billion in incremental ...

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Provident Bank names new Annamaria Vitelli as executive vice president, chief wealth officer

By Liz Carey   |   June 8, 2026   |   Industry

Annamaria Vitelli will take the helm as executive vice president, chief wealth officer of Provident Bank, the financial institution announced recently. Vitelli will also serve as president of Beac...

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Bill introduced in Senate would automatically fund CFPB

By Dave Kovaleski   |   June 8, 2026   |   Federal

Democrats on the Senate Banking Committee introduced a bill that would automatically and fully fund the Consumer Financial Protection Bureau (CFPB). The bill requires mandatory transfers to the CFP...

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SEC announces newest members of Small Business Capital Formation Advisory Committee

By Melina Druga   |   June 8, 2026   |   Federal

The Securities and Exchange Commission (SEC) recently announced it has appointed five new members to the Small Business Capital Formation Advisory Committee to serve four-year terms. The new member...

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CFPB helps Bilt customers as company transitions to new bank partner

By Dave Kovaleski   |   June 5, 2026   |   Federal

The Consumer Financial Protection Bureau (CFPB) is working to ensure that consumers impacted by Bilt’s transition to a new bank partner are remedied. CFPB officials recently met with Bilt to unde...

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BCB Bancorop names Thomas OʻBrien as new president and CEO

By Dave Kovaleski   |   June 5, 2026   |   Industry

BCB Bancorp named Thomas O’Brien to the position of president and CEO, effective June 1. O’Brien has been the CEO of six different banking companies over the course of a 48-year career, most re...

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SEC invites public comments on proposed draft strategic plan

By Dave Kovaleski   |   June 4, 2026   |   Federal

The Securities and Exchange Commission (SEC) introduced a draft strategic plan that seeks to return the agency to its core mission. The agency outlined that core mission as protecting investors; ma...

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Crescent Capital Group closes on fourth direct lending fund

By Dave Kovaleski   |   June 4, 2026   |   Industry

Investment firm Crescent Capital Group closed on its fourth U.S. direct lending fund, Crescent Direct Lending Fund IV. For the fund, the company raised $10.8 billion in investable capital, includin...

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Rep. Kim introduces bill to support U.S. businesses abroad

By Dave Kovaleski   |   June 3, 2026   |   Featured

U.S. Rep. Young Kim (R-CA) introduced legislation recently that seeks to provide additional support for U.S. businesses abroad.  The Building Overseas Opportunities & Strategic Trade (BOOST) f...

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FINRA report shows overview of the securities industry

By Liz Carey   |   June 3, 2026   |   Industry

A new report from FINRA provides a snapshot of the security industry with data about firms, their representatives and the previous year’s market activity. The 2026 Industry Snapshot is a compreh...

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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

  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments
  • Rep. Yakym introduces bill to streamline tax reporting on digital assets
  • CME’s Bitcoin Volatility Index futures available for trading

Most Read Last 7 Days

  • Elliott Investment calls for Northern Star shake-up
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments
  • First Commerce Bank selects FIS to provide core banking platform
  • ODNB Financial Corp, National Capital Bancorp announce merger
  • FinCEN updates guidance on information sharing on fraud for financial companies
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