The U.S. House of Representatives recently passed bipartisan legislation that would increase the percentage of capital and surplus a bank or federal savings association can invest in Small Business In...
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Melanie Krause, the current Internal Revenue Service (IRS) chief operating officer, recently was named acting IRS commissioner, effective Friday. Krause will replace Acting Commissioner Doug O’Donne...
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Commercial banks and savings institutions generated $66.8 billion in net income in the fourth quarter, up 2.3 percent from the previous quarter. For the full year, the banking industry reported ne...
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U.S. Sen. Ron Wyden (D-OR) and other colleagues urged two federal courts to affirm that Congress has the power to crack down on money laundering. As part of an amicus brief in the Texas Top Cop Sh...
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The Commodity Futures Trading Commission (CFTC) put out an advisory on how the commission’s Division of Enforcement will evaluate self-reporting, cooperation, and remediation when recommending enfor...
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U.S. Sens. Jerry Moran (R-KS) and Mark Warner (D-VA) introduced a bill in the senate that would ensure that federal broadband deployment funding will not be considered taxable income. Currently, gr...
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U.S. Reps Jimmy Panetta (D-CA) and Mike Kelly (R-PA) introduced legislation that seeks to incentivize homeowners to sell their properties, increasing the housing supply and alleviating affordability c...
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Two bills designed to reform the Small Business Administration (SBA) disaster loan process, as well as to fix the broken federal work force, advanced out of the U.S. Senate Committee on Small Business...
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The majority of Americans, 76 percent, are cutting back on spending, according to financial services company Wells Fargo’s money study. The percentage is higher among younger survey participants. A ...
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J.P. Morgan is expanding its private credit commitment, allocating $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders. The strategic move – announced at th...
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