Attorney General Charity Clark joined a coalition of 17 attorneys general today 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 company…
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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…
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 by an average of 27.2% statewide. In addition, State Farm recently noted that auto insurance…
California Attorney General Rob Bonta today 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 Financial's application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and aid its…
Now, a series of Trump Administration actions will worsen these harms if not reconsidered and rolled back. Taken together, recent policies from the Centers for Medicare and Medicaid Services on the Medicaid work requirement and approaches that states use to finance their Medicaid programs, pay their providers, and innovate in their programs will diminish…
The following information was released by the Center on Budget& Policy Priorities:. The $900 billion in Medicaid cuts in the harmful 2025 Republican reconciliation law will take away health coverage and raise costs for millions of families. Roughly 7.5 million people could lose Medicaid and become uninsured by 2034 due to the law, according to the…
The Dallas and New York Federal Reserve banks plan to launch a pilot survey into the estimated $1.3 trillion private credit market after the end of the third quarter, the New York Fed said. The survey would segment the market into three sections based on borrower size: an upper middle market with more than $100 million in earnings before interest, taxes,…
The following information was released by the Wisconsin Democratic Party:. MADISON, Wis. Attorney General Josh Kaul joined a multi-state lawsuit against the Trump administration over new rules for 2027 health plans that would cause two million people to lose health coverage in 2027 and five million by 2030, according to the Trump administration's own…
Passion doesn’ t pay the rent. That shortfall carries unusual weight in Berkshire County, where nonprofits generate close to a quarter of local GDP and employ about one in four residents. With a nonprofit for every six people, Berkshire County is among the 30 most nonprofit-dense in the country, so when the sector’ s workers go without affordable health insurance,…
AUSTIN, TX Today, 61 years ago, Medicare and Medicaid were created, helping provide access to affordable healthcare for nearly 9 million Texas seniors and families. Already we are seeing rural hospitals in Texas closing, monthly premiums for seniors doubling or tripling, and thousands losing their health insurance entirely because Paxton wanted Texan…
Chicago Attorney General Kwame Raoul led a coalition of 18 attorneys general today 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…
Governor Maura Healey's Division of Insurance announced today that nine health and dental insurance carriers will return $14.5 million to hundreds of thousands of Massachusetts consumers through rebates required under the state's health and dental insurance laws. For the first time, Massachusetts is requiring dental insurance companies to issue…
Olivebridge, N.Y.: I "m a retired corporate professional from Ulster County and a small business owner who recently experienced what I believe is an overlooked regulatory issue affecting entrepreneurs in New York City" s watershed. The application ultimately came down to one requirement: obtaining $5 million in liability insurance or providing a $5 million…
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…
Audubon expects to save nearly $500,000 in 2027 through higher-deductible health insurance options adopted in response to steep premium increases in New Jersey's state-administered plans, borough chief financial officer John "Jack" Bruno said Tuesday, Aug. 4. Employees who switched to higher-deductible plans could collectively save about $170,000…
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…
2026 AUG 06– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in Politics and Government. Financial supporters for this research include Chinese University of Hong Kong, City University of Hong Kong. For more information on this research see: The Home State As the True Complainant: Political Risk Insurance…
