WASHINGTON – Treasury Secretary Scott Bessent Tuesday convened a meeting with the so-called "Big 6" group at the U.S. Department of Treasury during which attendees discussed the importance of permanently extending the Trump tax cuts to prevent the largest tax hike in history on American workers, families and small businesses.
WASHINGTON—A new executive order from President Donald Trump bans paper checks as a form of payment for the federal government.
BOCA RATON, Fla.— Unrealized losses on investment securities at banks in the United States rose in the last quarter of 2024 as interest rates rose during the quarter, according to an analysis by a finance professor at Florida Atlantic University.
SAN ANTONIO—SWIVEL, a subsidiary of SWBC that specializes in payment solutions, has collaborated with the SWBC marketing team to earn a Silver ADDY Award from the American Advertising Federation (AAF) in San Antonio, SWBC reported.
COLUMBUS, Ohio—Klarna has taken a major step toward its long-awaited U.S. initial public offering—the company publicly filed its prospectus with the Securities and Exchange Commission (SEC), revealing a significant financial turnaround, Fintech Weekly reported.
CHICAGO—Tax refund theft is an annual concern and 2025 brings an elevated risk, according to TransUnion, which notes banks and credit unions can be impacted by this crime.
NEW YORK—U.S. home prices recorded a 4.1% annual gain in January, a slight increase from the previous reading in December, according to the S&P CoreLogic Case-Shiller Index.
WASHINGTON--The Defense Credit Union Council sent a letter to the House Financial Services Committee (HFSC) Chairman French Hill and Ranking Member Maxine Waters ahead of tomorrow’s hearing on reforming the Consumer Financial Protection Bureau.
WASHINGTON--Treasury has issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act, America's Credit Unions reported.
WASHINGTON—The Defense Credit Union Council is gearing up once again for what seems like an annual fight on the Credit Card Competition Act (CCCA).
