A group of Republican members of Congress are urging the U.S Treasury and its Financial Crimes Enforcement Network (FinCEN) to delay in the implementation of new beneficial ownership reporting require...
Read More
U.S. Sens. Sherrod Brown (D-OH), Raphael Warnock (D-GA), and John Fetterman (D-PA) are encouraging Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to monitor the risks posed by “bu...
Read More
According to the U.S. Chamber of Commerce’s Small Business Index, small businesses lost confidence in the country’s economy, falling to 61.3 in the fourth quarter from 69.2 in the third. The I...
Read More
The availability of mortgage credit dropped in November, according to the most recent Mortgage Credit Availability Index (MCAI), produced by the Mortgage Bankers Association (MBA). Specifically, th...
Read More
The National Federation of Independent Business (NFIB) released its Small Business Optimism Index this week, which gauges business conditions for small businesses. The index decreased 0.1 point i...
Read More
The RSM US Middle Market Business Index (MMBI) jumped in the most recent quarter, reflecting growth for mid-sized companies and businesses. The index, produced by RSM and the U.S. Chamber of Commerce...
Read More
Americans had $232 billion in outstanding unsecured personal loans in the second quarter of 2023, according to the Federal Reserve Bank of New York's Community Development team. Looking at data from ...
Read More
Net income for the nation’s banks fell 3.4 percent to $68.4 billion in the third quarter, according to the Federal Deposit Insurance Corporation’s (FDIC) Quarterly Banking Profile. The report ...
Read More
A group of financial services organizations are asking the Federal Reserve to extend the comment period for its interchange proposal by at least 90 days. The Fed, which proposed the changes at its...
Read More
Economists at Bank of America (BofA) Global Research released their 2024 outlook, calling for a soft “landing” for the economy. "2023 defied almost everyone's expectations: recessions that neve...
Read More