by Ken Chase | Oct 21, 2023 | Banks, News
When the Federal Reserve Board meets on October 25, debit card swipe fees are expected to be one key discussion topic. The Fed’s website notes that board members will be discussing the fee cap at that meeting. However, no details about planned changes have been...
by Ken Chase | Oct 20, 2023 | Banks, News
Bank of America and Goldman Sachs reported third quarter profits this week, with vastly different results. BofA, the nation’s second largest bank, reported a 10% increase in profits over the same period in 2022. Meanwhile, Goldman saw profits drop by roughly 33%...
by Ken Chase | Oct 13, 2023 | Banks, News
The Consumer Financial Protection Bureau signaled this week that it’s intent on eliminating bank junk fees for consumers. The regulatory body confirmed that commitment with the release of a new Supervisory Highlights report and a separate advisory opinion. The...
by Ken Chase | Oct 4, 2023 | Banks, News
On Wednesday, the Democrat-controlled Senate Banking Committee passed the SAFER Banking Act. That paves the way for the cannabis banking bill to move to a floor vote for the first time. Proponents of the legislation have urged its passage to enable cannabis-related...
by Ken Chase | Sep 21, 2023 | Banks, News
On Sunday, September 17, a reported 75,000 climate activists protested In New York City in the “March to End Fossil Fuels.” One day later, hundreds of agitators moved to blockade New York’s Federal Reserve Bank in an act that has been referred to as civil...
by Ken Chase | Sep 20, 2023 | Banks, Market, News
The Bank for International Settlements has just warned global investors about the possibility of continued high interest rates. The BIS cautioned that continued high inflation would likely force the Federal Reserve and other central banks to keep rates at the current...
