The Securities and Exchange Commission settled charges against investment advisory firm, Mass Ave Global. The proceedings against Mass Ave Global and its co-founder and CEO Winston M. Feng were for...
Read More
On Friday, the Consumer Financial Protection Bureau (CFPB) announced it had filed a lawsuit against Pennsylvania Higher Education Assistance Agency (PHEAA) for illegally pursuing borrowers whose loans...
Read More
On Thursday, a report from Deloitte said Artificial Intelligence (AI) and climate change would have a significant impact on the financial services industry over the next three to five years. Accor...
Read More
The Internal Revenue Service is going to make Direct File a permanent option for filing federal tax returns starting in the 2025 tax season. Further, the IRS is exploring ways to expand Direct File...
Read More
The Consumer Financial Protection Bureau (CFPB) has initiated a public inquiry into junk fees found in mortgage closing costs. The CFPB is seeking to find out why closing costs are increasing, who...
Read More
U.S. banks generated net income of $64.2 billion in the first quarter of 2024, up $28.4 billion 79.5 percent from the prior quarter, according to the Federal Deposit Insurance Corporation’s latest Q...
Read More
The New York Stock Exchange is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). NYSE, which is part of the Intercontinental ...
Read More
On Tuesday, the National Federation of Independent Businesses (NFIB) filed legal action to challenge legislation regulating beneficial ownership reporting. The lawsuit argues that the Corporate Tr...
Read More
U.S. house prices continue to rise, according to the Federal Housing Finance Agency (FHFA) House Price Index. The latest report showed that prices rose 6.6 percent in the first quarter compared to ...
Read More
There is cautious optimism among economists about the global economy, according to the latest Chief Economists Outlook released by the World Economic Forum. The report found that 82 percent of chi...
Read More