The Securities and Exchange Commission settled charges against New York-based Equiniti Trust Co. for failing to assure that client securities and funds were protected against theft or misuse. Thos...
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net profit in the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage B...
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Wells Fargo & Company today said it entered into a definitive agreement to sell the non-agency third-party servicing segment of its commercial mortgage servicing business to Trimont, an Atlanta-he...
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The Securities and Exchange Commission (SEC) has charged investor Carl Icahn and his company, Icahn Enterprises (IEP), over disclosure violations. The SEC alleges that Icahn and the company failed ...
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North Carolina will be the latest state to join IRS Direct File for Filing Season 2025, the Internal Revenue Service (IRS) and U.S Treasury announced. After a successful Pilot Program in 12 states ...
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U.S. Rep. Patrick McHenry (R-NC) has reached out to the Consumer Financial Protection Bureau (CFPB) over a proposed rule that would restrict the inclusion of medical debt in credit reports and scores....
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Supermarket chain Kroger plans to decrease grocery prices by $1 billion if its proposed $25 billion merger with smaller rival Albertsons is completed, according to news reports. Kroger previously s...
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As more Americans expect to work past age 70 or hold off on retirement altogether, changes are being proposed on Capitol Hill to increase the age cap for the earned-income tax credit (EITC), which cur...
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Speaking recently before an audience of researchers and economists, Patrick Harker, CEO of the Federal Reserve Bank of Philadelphia cited the importance of using historical data to understand today’...
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A new report on the multifamily lending market found that the volume of loans for multifamily housing dropped 49 percent in 2023. The report, from the Mortgage Bankers Association’s (MBA), said t...
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