4.8 Million Jobs Added in June
Total nonfarm payroll employment rose by 4.8 million in June, according to the Bureau of…
What Are the Biggest Challenges Facing the AML and Financial Crimes Communities?
The pandemic pointed out three major problems for risk professionals. Here is how to solve them.
House Votes to Extend Paycheck Protection Program
The House tonight approved by unanimous consent legislation extending authorization for the Small Business Administration’s Paycheck Protection Program through August 8, 2020.
DOL Proposes Rule on ESG Investing in Pension Plans
With interest around sustainable investing—sometimes referred to as environmental, social and governance (or ESG) investing—on the rise, the Department of Labor this week issued a proposed rule that would confirm Employee Retirement Income Security Act requirements for plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment or investment course of action.
FOMC Members: Economic Outlook Remains Extraordinarily Uncertain
As the coronavirus pandemic continues in the U.S., there remain “an extraordinary amount of uncertainty and considerable risks to the economic outlook,” according to members of the Federal Reserve’s Federal Open Market Committee.
Fed, FDIC Provide Details on ‘Living Wills’ for Largest Banks
The FDIC and the Federal Reserve today provided information to eight large financial institutions to guide their targeted resolution plan submissions, which are due July 1, 2021.
FTC: Online Shopping Complaints Rise During Pandemic
Reports of fraud and unreceived merchandise purchased online increased dramatically during the pandemic, according to new data released by the Federal Trade Commission, far surpassing the numbers seen during the most recent holiday shopping season.
Construction Spending Drops in May
Construction spending fell 2.1% at a seasonally adjusted annual rate (SAAR) of $1,356.4 billion in…
FFIEC: Examiners to Increase Focus on Libor Transition Preparedness
Federal financial regulators today said they will ramp up their supervisory focus on banks’ transitions away from the London Interbank Offered Rate in 2020 and 2021.
Manufacturing Sector Rebounds in June
The ISM Manufacturing Index registered 52.6 points in June, an increase of 9.5 percentage points…