He says that corrections are normal and recession cannot be ruled out. U.S. Treasury Secretary Scott Bessent recently said that there are “no guarantees“ when it comes to…
Read MoreFinancial Management System
SEC to Hold Roundtable on Artificial Intelligence
The agency will host discussions on the impact of AI on the financial industry. The Securities and Exchange Commission (SEC) announced a roundtable discussion will be held on…
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CFPB Sues Capital One for Cheating Customers Out of $2 Billion in Interest
The bureau alleges the company published misleading communications about new savings accounts. The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the bank Capital One for…
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Treasury Department Targets Russian Sanctions-Evasion Network
Partnership with China facilitated payments for American goods. The Treasury Department sanctioned over 150 entities and individuals involved in a scheme to help Russia circumvent preexisting sanctions enforced…
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CFPB Finalizes Rule Barring Medical Debt from Credit Reports
The bureau restored a provision of the 1970 Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) issued a final rule to block credit reports from including…
Read MoreJ.P. Morgan Settles SEC Charges for Investor Misconduct
The firm agrees to pay over $151 million for misleading disclosures, fiduciary breaches, and conflicts of interest in multiple enforcement actions. The U.S. Securities and Exchange Commission (SEC)…
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Treasury Sanctions Network Connected to President of Bosnia and Herzegovina
The official has been accumulating wealth through patronage networks. The Department of the Treasury sanctioned an organization and an individual on Wednesday for supporting a patronage network connected…
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USDA and Reinvestment Fund Invest in Healthy Food Access
The initiative supports early-stage food retail projects to strengthen local access to affordable, nutritious foods. The U.S. Department of Agriculture (USDA), in collaboration with the Reinvestment Fund, is…
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House Committee Chair Subpoenas Political Fundraising Website
The committee is investigating possible foreign money laundering. Representative Bryan Steil of Wisconsin, chair of the Committee on House Administration, has issued a subpoena requiring the fundraising website…
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Treasury Sanctions Sudan Leader for Weapons Acquisition
Officials state he was organizing weapons deals for armed forces. The Treasury Department sanctioned Sudan leader Mirghani Idris Suleiman last week, addressing his role in procuring weapons for…
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