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:.
Newswires
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,…
Rising health insurance costs have pushed about a third of Florida’ s 67 school districts to join the Florida Educator Health Trust, a nonprofit organization under the umbrella of the Florida Association of District School Superintendents. “When we were fully insured, our insurance premium rose every single year, from anywhere from 6 percent to 20 percent,” said…
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…
But, of the three gubernatorial candidates, only Amanda Janoo supports and advocates for publicly financed universal primary care, mental healthcare and substance use care as a first step toward publicly financed universal healthcare for all. Vermont, our Brave Little State, can be a shining example of how a single-payer universal system can work.
BALTIMORE, MD Attorney General Anthony G. Brown joined a coalition of 17 attorneys general in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging the agencies to deny Opportunity Financials' application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and enable the…
Thunderstorms, hail and tornadoes are part of summertime in Indiana. Insurance premiums rose about 16% for a typical Indiana homeowner between 2021 and 2024, according to an analysis of commercial data from the Consumer Federation of America. In an informal FPI News survey about affordability in Indiana, several respondents said rising insurance bills…
As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane last weekend, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning…
South Carolina bar owners won't get a reprieve from needing to carry at least $1 million in liability insurance. The final version of the state budget is expected to be voted on by both chambers when lawmakers are scheduled to return to Columbia on Aug. 11. South Carolina state government has been operating under a continuing resolution since July 1 because a new…
Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates an average 27.2% statewide. In addition, State Farm recently noted that auto insurance rates…
Ashley Hinson is rolling out new healthcare legislation aimed at increasing transparency in the health insurance industry while facing sustained criticism over her record on healthcare affordability and access. The proposal comes as healthcare has emerged as a central issue in Iowa's open 2026 U.S. Senate race, with Democratic groups and Hinson's…
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&…
Indiana lawmakers will likely consider requiring more disclosures from insurance companies about their exposure to private credit funds due to the role that the state plays as a backstop for some insurance policies. Two independent investment analysts pushed for more oversight of the financial asset class at the state Interim Study Committee on…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Scotia Insurance Limited. The company reported approximately CAD 270.8 million of equity at fiscal year-end 2025, a decrease from approximately CAD 294.5 million for fiscal year-end 2024. SIC reported profit of approximately CAD 361.2 million, compared…
A supporter waits outside a federal courthouse in New York ahead of a January 2026 hearing for Luigi Mangione. After Luigi Mangione was arrested in December 2024 in connection with the killing of UnitedHealthcare CEO Brian Thompson, the internet did what it often does: It turned something serious into a joke. Although Mangione has pleaded not guilty to…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Scotia Reinsurance Limited. The company reported approximately USD 108.4 million of equity at fiscal year-end 2025, an increase from approximately USD 73.0 million for fiscal year-end 2024. In 2025, Scotia Re resumed dividends to its parent company, BNS…
Ashley Hinson is rolling out new healthcare legislation aimed at increasing transparency in the health insurance industry while facing sustained criticism over her record on healthcare affordability and access. The proposal comes as healthcare has emerged as a central issue in Iowa's open 2026 U.S. Senate race, with Democratic groups and Hinson's…
