by Ken Chase | Feb 14, 2024 | Banks, News
A group of industry organizations have filed suit to block regulators’ new Community Reinvestment Act rules. According to the plaintiffs in the case, regulators are exceeding their authority with the proposed rules. Additionally, the plaintiffs argue that the new CRA...
by Ken Chase | Feb 3, 2024 | Market, News
Despite market expectations for imminent rate cuts, the Federal Reserve today confirmed its intent to leave interest rates at their current level. That marks the fourth straight pause on those rates, as inflation has continued to plague American consumers. Inflation...
by Ken Chase | Feb 3, 2024 | Banks, News
New York City is suing the Federal Deposit Insurance Corporation (FDIC) over $44 million in overdue taxes Signature Bank taxes. According to Bloomberg, the suit was filed in a Manhattan federal court on Monday. The suit targets the FDIC in its role as the failed...
by Ken Chase | Jan 5, 2024 | Banks, News
According to Bloomberg, large lenders earned roughly $3 billion from financing so-called “green” projects last year. Meanwhile, lenders reportedly made less than $2.7 billion from the financing of energy projects involving gas and oil. That marks the second...
by Ken Chase | Dec 21, 2023 | Financial, News
The State of Tennessee confirmed that it has filed a consumer protection suit against Blackrock, Inc. In a statement released on Monday, state Attorney General Jonathan Skrmetti accused Blackrock of misleading Tennessee’s citizens about its investment...
by Ken Chase | Dec 21, 2023 | Market, News
Last week, the Federal Reserve decided to maintain its current interest rate posture. Fed Chair Jerome Powell told the press that the central bank is likely done raising rates. In addition, he said that officials had explored the topic of rate reductions in their...
