To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 758, which would establish a three-year phase-in period for new banks to comply with federal capital standards and provide relief for de novos in rural communities.
Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care.
Republicans on the House Financial Services Committee have formed a working group to counter what they say is the threat to capital markets posed by environmental, social and governance proposals.
Consumers are continuing to look to credit to ease the financial pressures of high inflation and rising interest rates, according to the recently released Q4 2022 Quarterly Credit Industry Insights Report by TransUnion.
Sens. Ben Cardin (D-Md.) and Steve Daines (R-Mont.) yesterday introduced the New Markets Tax Credit Extension Act of 2023.
Inflation is driving down small business satisfaction with payment processing solutions, according to a new survey on merchant services satisfaction by J.D. Power.
A federal program to assess IT and cyber risks at financial institutions has several significant flaws that could prevent it from working as intended, and as a result, may affect the insurance premiums paid by those institutions, the Office of Inspector General concluded in a report released this week.
The U.S. manufacturing sector contracted in January, as the Manufacturing PMI® registered 47.4 percent, 1…
Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8…