Tag: financial_services
-
CFTC Seeks Input to Boost Fintech Innovation and Competition
The CFTC has launched a Request for Information to pinpoint regulations hindering fintech innovation and competition. The initiative aims to streamline processes and foster partnerships between fintech firms and regulated institutions.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal CFTCFintechRegulationInnovationCompetitionFinancial ServicesRequest for Information
-
SEC Appoints John Moses as Director of Investor Education Office
The Securities and Exchange Commission has named John Moses as the new Director of its Office of Investor Education and Assistance. This office is crucial for providing resources to help investors secure their financial futures and protect against risks.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsEconomyEducation John MosesSecurities and Exchange CommissionInvestor EducationFinancial LiteracyInvestment ProtectionAppointmentsFinancial Services
-
RAD Diversified REIT Co-Founder Indicted for Mortgage Fraud
Brandon Dutch Mendenhall, co-founder of RAD Diversified REIT, faces mail fraud charges for allegedly inflating income to secure a $1.2 million mortgage for his $1.6 million home, risking 20 years in prison.
BusinessLaw EnforcementPolitics and GovernmentLegalFinancial MarketsReal EstateFederal GovernmentEconomy Brandon Dutch MendenhallRAD Diversified REITMail FraudMortgage FraudFBIFloridaFinancial Services
-
Federal Reserve Releases Latest G.19 Consumer Credit Data
The Federal Reserve has released its latest G.19 Consumer Credit data, offering updated insights into consumer borrowing. The report is now publicly available for review.
BusinessPolitics and GovernmentEconomyBankingFederal Government Federal ReserveConsumer CreditG.19 dataEconomic DataFinancial ServicesU.S. Federal Reserve
-
Federal Reserve Vice Chair Bowman Testifies on Supervision and Regulation
Federal Reserve Vice Chair Michael S. Bowman testified before the U.S. House of Representatives Committee on Financial Services on June 4, 2026, addressing key issues related to financial supervision and regulation.
Politics and GovernmentBusinessFederal GovernmentCongressBankingFinancial Markets Federal ReserveMichael S. BowmanFinancial ServicesSupervisionRegulationU.S. House of RepresentativesWashington D.C.U.S. Federal Reserve
-
Federal Regulators Remove "Reputation Risk" from Bank Supervision Documents
Federal bank regulatory agencies, including the OCC, FDIC, and Federal Reserve, have updated interagency documents to remove "reputation risk" references. This move aims to prevent misuse in supervision and ensure decisions are based on material financial risks.
BusinessPolitics and GovernmentFederal GovernmentBankingLegalEconomy Federal Bank Regulatory AgenciesReputation RiskFinancial ServicesBank SupervisionOffice of the Comptroller of the CurrencyFederal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency (OCC)
-
IRS Unveils New Look-Back Interest Calculator for Businesses
The IRS has released an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term construction and manufacturing contracts, aiming to simplify compliance with tax regulations.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and Internet IRSLook-Back InterestTax CalculatorLong-Term ContractsBusinessesTaxationFinancial Services
-
OCC Releases Third Quarter 2026 CRA Evaluation Schedule
The OCC has released its Q3 2026 Community Reinvestment Act evaluation schedule, a departure from its usual two-quarter advance notice. This change is due to updates for community banks and supervisory reforms, with public comments encouraged.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalBanking OCCCommunity Reinvestment ActBank RegulationFinancial ServicesEvaluation ScheduleCommunity BanksPublic CommentOffice of the Comptroller of the Currency (OCC)
-
Comptroller Gould Abstains from FDIC Vote, Citing Flaws in Resolution Planning
Comptroller Jonathan V. Gould abstained from an FDIC vote on resolution plans, citing "fundamental issues" and an "extralegal process." He advocates for significant reforms to address flawed planning and burdensome requirements.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentLegalFinancial Markets Jonathan V. GouldOffice of the Comptroller of the CurrencyFederal Deposit Insurance CorporationResolution PlanningDodd-Frank ActBanking RegulationFinancial ServicesOffice of the Comptroller of the Currency (OCC)
-
SEC Chairman Atkins to Deliver Keynote at 2026 Reagan Economic Forum
SEC Chairman Paul S. Atkins will deliver a keynote address at the 2026 Reagan National Economic Forum on May 29, 2026, at 11 AM ET, discussing economic matters and the Commission's role.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial Markets Paul S. AtkinsSECReagan National Economic ForumKeynote AddressEconomicsGovernmentFinancial Services
-
Direct Express Program Transitions to Fifth Third Bank for Federal Benefit Payments
The Direct Express program is transitioning its financial agent to Fifth Third Bank, effective May 18, 2026, for new enrollments. Existing Comerica Bank accounts will migrate in phases, with no immediate impact on current beneficiaries.
Politics and GovernmentBusinessFederal GovernmentBankingEconomySocial Issues Social Security AdministrationDirect ExpressFifth Third BankComerica BankElectronic PaymentsGovernment BenefitsFinancial Services
-
Governor Barr Addresses Consumer Financial Health at Atlanta Conference
Federal Reserve Governor Michael S. Barr addressed consumer financial health metrics at the EMERGE Financial Health 2026 conference in Atlanta. His speech, released by the Board of Governors, highlighted key aspects of financial well-being.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsSocial Issues Federal ReserveMichael S. BarrConsumer Financial HealthAtlantaEMERGE Financial HealthSpeechFinancial ServicesU.S. Federal Reserve
-
House to Address Veterans' Rights, Iran Policy, and Financial Legislation on May 20
The House convenes May 20 for legislative business, considering bills on veterans' rights, Iran hostilities, education, and financial services. Votes are expected from 12:30 p.m. to 4:30 p.m.
Politics and GovernmentBusinessConflictFederal GovernmentCongressEconomyEducationMiddle EastGeneral Politics House of RepresentativesLegislative BusinessVeterans AffairsForeign PolicyFinancial ServicesSmithsonianMay 20
-
House to Consider Key Legislation on Veterans, Iran, Education, and More
The U.S. House of Representatives will convene to consider diverse legislation, including bills on veterans' rights, the Smithsonian, Iran policy, education, and financial services. Several measures, including those related to veterans' facilities and banking, have been postponed.
Politics and GovernmentBusinessConflictFederal GovernmentGeneral PoliticsEconomyEducationMilitarySocial Issues House of RepresentativesLegislationVeterans AffairsForeign PolicyFinancial ServicesSmithsonian
-
SEC Commissioner Uyeda Proposes Offering and Filer Status Reforms
SEC Commissioner Mark T. Uyeda has released a statement proposing reforms for registered offerings, enhancing accommodations for Emerging Growth Companies, and simplifying filer status for reporting companies to streamline regulatory processes.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial Markets Securities and Exchange CommissionMark T. UyedaRegistered Offering ReformEmerging Growth CompaniesFiler StatusReporting CompaniesFinancial Services
-
OCC Announces 2026 Workshop Series for Community Bank Leaders
The OCC is offering workshops for community bank directors and senior management throughout 2026, focusing on risk management, governance, and compliance to strengthen operations and support economic vitality.
BusinessPolitics and GovernmentBankingFinancial MarketsEconomyFederal GovernmentEducation Office of the Comptroller of the CurrencyCommunity BanksRisk ManagementBanking WorkshopsFinancial ServicesJonathan V. GouldBusiness EducationOffice of the Comptroller of the Currency (OCC)
-
House to Consider Diverse Legislation, Including Capitol Police Retirement Age and Veterans' Bills
The U.S. House of Representatives will meet on May 19, 2026, to consider a range of legislation under suspension of the rules, addressing issues from Capitol Police retirement and veterans' affairs to financial services and natural resources.
Politics and GovernmentBusinessLaw EnforcementHealthCongressFederal GovernmentEconomySocial IssuesEmployment and Labor U.S. House of RepresentativesLegislative AgendaCapitol PoliceVeterans' AffairsFinancial ServicesNatural ResourcesBill Consideration
-
House to Consider Capitol Police Retirement Age, Veterans' Bills, and Financial Legislation
The House of Representatives will meet to consider a range of legislation, including a bill to increase the Capitol Police retirement age, several Veterans' Affairs measures, and financial services acts, with recorded votes postponed.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentCongressEconomyBankingSocial Issues House of RepresentativesLegislationCapitol PoliceVeterans AffairsFinancial ServicesNatural ResourcesGovernment
-
House to Tackle Broad Legislative Agenda This Week
The U.S. House of Representatives will consider bills on veterans' affairs, financial services, Capitol Police retirement, and natural resources during its sessions from May 19-22.
Politics and GovernmentBusinessLaw EnforcementConflictGeneral PoliticsFederal GovernmentCongressEconomyEducationMilitary US House of RepresentativesLegislationVeterans' AffairsFinancial ServicesCapitol PoliceNatural ResourcesMajority Leader Steve Scalise
-
House of Representatives Outlines Busy Legislative Week
The House of Representatives will address a diverse legislative agenda this week, including bills on veterans' benefits, financial services, and Capitol Police retirement age, with sessions scheduled from Tuesday through Friday.
Politics and GovernmentBusinessLaw EnforcementConflictFederal GovernmentEconomyLegalEducationMilitaryMiddle East House of RepresentativesLegislationVeterans' AffairsFinancial ServicesCapitol PoliceNatural ResourcesUS CongressRepublican Whip
-
Federal Reserve Terminates Enforcement Actions Against UBS and Credit Suisse
The Federal Reserve Board has ended enforcement actions against UBS Group AG, Credit Suisse AG, and their U.S. entities. This decision concludes regulatory oversight, signaling compliance by the major global banks.
BusinessPolitics and GovernmentBankingFederal GovernmentLegal Federal Reserve BoardUBS Group AGCredit Suisse AGEnforcement ActionsFinancial ServicesRegulationU.S. Federal Reserve
-
Vice Chair Bowman Addresses Future of Banking Conference
Federal Reserve Vice Chair Bowman delivered opening remarks at the 2026 Future of Banking Conference in Kansas City, Missouri, discussing the future of the financial sector.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Vice Chair BowmanFederal ReserveBanking ConferenceKansas CityFuture of BankingFinancial ServicesU.S. Federal Reserve
-
Media Monitor: Google Unveils AI-Native Devices, Explores Orbital Compute with SpaceX; Amazon Faces AI Incentive Issues
The Rundown reports Google is integrating AI deeply into Android with new Googlebooks and Gemini Intelligence, while also exploring orbital data centers with SpaceX. Amazon faces challenges with AI usage incentives.
Science & TechnologyBusinessHealthArtificial IntelligenceComputers and InternetFinancial MarketsMedical ScienceAstronomy and Space GoogleSpaceXAmazonOrbital ComputingFinancial ServicesEmployee IncentivesThe Rundown AI
-
House to Consider Diverse Legislation on Tuesday Session
The House of Representatives will meet Tuesday, May 12, to vote on bills addressing financial services, antisemitism, retail crime, and human rights in China, with votes anticipated by 6:30 p.m.
Politics and GovernmentBusinessLaw EnforcementWorldCongressFederal GovernmentEconomyLegalSocial IssuesAsia House of RepresentativesLegislationFinancial ServicesJudiciary CommitteeForeign Affairs CommitteeAntisemitismChina
-
House to Consider Key Legislation on Financial Services, Judiciary, and Human Rights
The House of Representatives will meet Tuesday, May 12, to vote on bills addressing financial services, retail crime, antisemitism, and human rights in China. Votes are expected around 6:30 p.m.
Politics and GovernmentBusinessLaw EnforcementWorldCongressFederal GovernmentEconomyLegalSocial IssuesAsia U.S. HouseLegislative BusinessFinancial ServicesJudiciaryHuman RightsAntisemitismChina
-
Neal Shipley Tees Up Partnership with American Airlines and Citi / AAdvantage Mastercard
Golfer Neal Shipley has become an ambassador for American Airlines and its Citi / AAdvantage Mastercard portfolio. This new partnership aims to elevate Shipley's profile while promoting the co-branded credit card.
BusinessSportBankingFinancial MarketsEconomy Neal ShipleyAmerican AirlinesCiti / AAdvantage MastercardGolfBrand AmbassadorAirline IndustryFinancial Services
-
SEC Chairman Atkins Addresses Financial Market Regulation
SEC Chairman Paul S. Atkins delivered remarks at the Conference on Financial Market Regulation. His address focused on key aspects of financial market oversight, underscoring the Commission's involvement in regulatory discussions.
BusinessPolitics and GovernmentFinancial MarketsFederal GovernmentEconomyGeneral PoliticsLegal Paul S. AtkinsSEC ChairmanSecurities and Exchange CommissionFinancial Market RegulationConferenceFinancial ServicesGovernment
-
Fourteen Indicted for Drug Trafficking in Southwest Michigan
A grand jury has indicted fourteen individuals from Southwest Michigan for drug trafficking offenses, including conspiracy to distribute fentanyl, methamphetamine, and cocaine. Eight face new charges, while six were previously indicted in separate cases.
Financial Services CrimeLaw, Government & PoliticsFBI DetroitSouthwest MichiganDrug TraffickingFentanylMethamphetamineFBI
-
Media Monitor: Mayor's Office on Latino Affairs Announces Cinco de Mayo Celebrations
The Mayor's Office on Latino Affairs is reporting that it will partner with local community organizations to host an evening of Cinco de Mayo celebrations featuring culture and music on May 5.
Financial Services Cinco de MayoLatino AffairsCommunity EventsArts & CultureMusicEventsDC Office on Latino Affairs
-
New York Social Security Offices Announce Operational Status Changes
The Social Security Administration has updated the operational status of its New York offices. Residents are encouraged to check facility availability online and utilize the agency's comprehensive digital services for benefits and account management.
Financial Services Social Security AdministrationNew YorkGovernmentRetirement PlanningMedicareOnline ServicesBenefit Applications