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The coalition sent letters to the Office of the Comptroller of the Currency and the Federal Reserve Board opposing the proposed transaction, which would give Opportunity Financial, also known as OppFi, a national bank charter. OppFi currently partners with state-chartered banks in Utah, which does not have a fixed interest-rate cap. OppFi is seeking to…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on reports that President Trump is moving forward with his attempt to fire Fed Governor Lisa Cook:.

U.S. stocks advanced on Friday, with the S&P closing at a record high to cap off a strong week of gains for the major indexes, after data showed the economy shed jobs last month and dampened expectations the Federal Reserve would raise interest rates in September. The Labor Department said nonfarm payrolls decreased by 23,000 jobs last month, well below the…

WASHINGTON- The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month. "This is the third summer in a row that we have seen unexpected weakness in the labor market," said Stephen Stanley,…

2026 AUG 07– By a News Reporter-Staff News Editor at Daily Real Estate News– Fresh data on finance are presented in a new report. According to news reporting from Washington, District of Columbia, by NewsRx journalists, research stated,“ This paper analyzes a model of the mortgage market, allowing for scenarios with and without government-sponsored mortgage…

—The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’ s effort to terminate her over mortgage fraud allegations that she has denied. Supreme Court Chief Justice John Roberts wrote in a footnote in his opinion that…

Fibre Federal Credit Union has released its 2025 reports on community giving and economic impact. The credit union, which serves 11 counties in Washington and Oregon, collected over $27,000 for nonprofits, including United Way and American Red Cross, through its payroll deduction option. Read the entire report at Fibre Federal Credit Union 2025 Community&…

In towns across Idaho, community banks aren’ t just financial institutions; they are the backbone of local economies. But today, an unintended policy loophole in Washington threatens to undermine that entire system. According to analysis from the Federal Reserve Bank of Kansas City, for every $1 that shifts from a bank deposit into a stablecoin, bank lending…

Banco Santander announced Tuesday that its $12.2 billion acquisition of Stamford-based Webster Bank had been approved by the Federal Reserve, putting it on the verge of completing the deal. The authorization of the transaction by the Federal Reserve System's Board of Governors follows approvals by the Connecticut Department of Banking and federal…

The U.S. Securities and Exchange Commission filed a civil lawsuit July 29 in the U.S. District Court for the Middle District of Florida against RAD Diversified REIT Inc. founder Brandon“ Dutch” Mendenhall, 47, cofounder Amy Vaughn, 48, and The Seminar Solution LLC, a company the founders owned. In a 39- page complaint, the SEC alleges the defendants raised at least…

The presidential election of 1932 was a political watershed for the United States. Herbert Hoover, seeking re-election on the Republican ticket, was saddled with a deep depression. Though the independent Federal Reserve System was to blame for the mistaken monetary policy that converted a recession into a catastrophic depression, the president, as the head…

Aug. 5— Banco Santander announced Tuesday that its $12.2 billion acquisition of Stamford- based Webster Bank had been approved by the Federal Reserve, putting it on the verge of completing the deal. The authorization of the transaction by the Federal Reserve System's Board of Governors follows approvals by the Connecticut Department of Banking and federal…

The presidential election of 1932 was a political watershed for the United States. Herbert Hoover, seeking re-election on the Republican ticket, was saddled with a deep depression. Though the independent Federal Reserve System was to blame for the mistaken monetary policy that converted a recession into a catastrophic depression, the president, as the head…