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Published on 03:24 GMT

Federal Reserve to Cut Staff 10% Over ‘Couple of Years’

The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed staff in a memo obtained by PYMNTS. In the memo, Powell said offers of …

Source: PYMNTS.com - Massachusetts - Neutral
Published on May 16, 2025

Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks

Go-To Guide: The Board of Governors of the Federal Reserve System (Board) has withdrawn supervisory guidance for Board-supervised banks concerning crypto-asset and dollar token activities and Board expectations for these activities. The Board, the …

Source: National Law Review - Neutral
Published on May 16, 2025

CFPB Update: Policy and Leadership Changes Further Belief the Consumer Protection Agency Has Lost (Most of) Its Bite

Changes regarding the future of the Consumer Financial Protection Bureau (CFPB), including both the agency's leadership and its policy priorities, have been rapidly announced by the Trump administration.1 While the consumer finance industry had not …

Source: National Law Review - Neutral
Published on 01:31 GMT

Certainty and Uncertainty, May 2025 - OCC Issues Interim Final Rule Undoing 2024 Merger Rule and Guidance

On May 8, the Office of the Comptroller of the Currency (“OCC”) issued an interim final rule rescinding the 2024 final rule to OCC merger procedures and an accompanying policy statement. The day before the OCC’s rescission of the 2024 bank merger rule, …

Source: JD Supra - California - Neutral
Published on May 16, 2025

Banking Nominees Advance, SEC Tackles Tokenization and OCC Issues Custody Guidance

[co-author: Samantha Ackel] Several significant regulatory and policy developments took place this week in Washington. The Senate banking committee advanced several key nominations, including Michelle Bowman to serve as vice chair for supervision at the …

Source: JD Supra - California - Neutral
Published on May 16, 2025

The latest stablecoin Genius Act draft: Addressing key Democrat objections?

Yesterday Punchbowl News reported that Senate leader John Thune had filed for a procedural vote (cloture) on the stablecoin Genius Act, the same vote that failed last week. Hence, another vote is likely to be held next week. Democrat Senator Gillibrand …

Source: Ledger Insights - Neutral
Published on May 16, 2025

Stablecoin bill advances with sweeping bans on non-bank issuers like Meta

Senate Republicans and Democrats have agreed on potential amendments to the Stablecoin bill. Crypto journalist Eleanor Terret announced the update on X, noting that the Senators agreed on changes to provisions on consumer protection, ethics, bankruptcy, …

Source: Cryptopolitan - Indeterminate
Published on May 16, 2025

Medallion Bank Announces Pricing of Series G Preferred Stock Offering

NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBKNP), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 16, 2025

The U.S. has struggled for crypto clarity. Canada may have the answer

TORONTO — Canada has quietly become a global leader in digital assets. Canada was among the first countries to enact rules for crypto, starting with anti-money laundering guidelines in 2014. The country has repeatedly evolved its regulatory guidance in …

Source: CNBC - Neutral
Published on May 16, 2025

Time's running out: 5 reasons to build a CD ladder — before the Fed rate stability ends

The Federal Reserve kept its benchmark federal funds rate unchanged at its most recent policy meeting this month, maintaining its cautious approach to interest rates while monitoring economic conditions. It's good news for savvy savers looking to lock …

Source: AOL - Pending
Published on May 15, 2025

Virginia bank faces call to sell after failed venture

MainStreet Bank will host its 2025 annual meeting at its headquarters in Fairfax Virginia next week. The agenda includes a shareholder's advisory proposal urging the company's sale. A Virginia-based community bank is scheduled to meet with …

Source: American Banker - New York - Neutral
Published on May 15, 2025

SHS planning fundraiser to help Townsend home

The Selbyville Historical Society is planning a fundraiser to make renovations to the Gov. John G. Townsend home, formerly part of the Selbyville Public Library and given to the historical society by the library when it moved into its new building nearby. …

Source: Coastal Point - Pending
Published on May 15, 2025

Are 401(k)s Protected in a Bank Collapse?

If you have a 401(k) plan through your employer, your contributions are typically viewed as retirement savings. During times of… If you have a 401(k) plan through your employer, your contributions are typically viewed as retirement savings. During times of …

Source: WTOP - District Columbia - Neutral
Published on May 15, 2025

Experts sound alarm: US banks sitting on $500 billion in unrealized losses; fear a repeat of Silicon Valley Bank-like ...

The US banking regulators shut down the Silicon Valley Bank (SVP) Financial Group, which caused shockwaves in the startup community. Just two years after the dramatic collapses of Silicon Valley Bank and First Republic Bank sent shockwaves through the …

Source: The Times of India - Center-right
Published on May 15, 2025

U.S. banks sitting on $500 billion in unrealized losses as stagflation fears raise alarms of a repeat of Silicon Valley ...

Only two years after Silicon Valley Bank and First Republic's collapses, another crisis is bubbling in the United States banking sector, as per a report. US Banks Face Sharp Unrealized LossesBanks in the United States have held $482.4 billion in …

Source: The Economic Times - Pending
Published on May 15, 2025

Trump administration prepares biggest bank capital rollback since 2008

According to the Financial Times, the Trump administration is moving forward with a sweeping plan to loosen one of the toughest capital requirements imposed on US banks after the 2008 financial collapse. Officials inside Trump’s White House, along with top …

Source: Cryptopolitan - Indeterminate
Published on May 15, 2025

Capital Connect Crumbles: JPMorgan's $175M Bet On Startup Platform Ends Amidst Venture Capital Market Turmoil

JPMorgan Chase (NYSE:JPM) has quietly shut down Capital Connect, its startup-venture capital matchmaking platform launched just two years ago. The site went offline in late 2024 without a formal announcement from the bank, and sources familiar with the …

Source: Yahoo Finance - Center-left
Published on May 15, 2025

The Motley Fool: Capitalism in a nutshell

Ask the Fool: Capitalism in a nutshell Q: What’s capitalism, exactly? — F.E., Greensburg, Pennsylvania A: It’s an economic system in which individuals and private organizations own businesses that are operated for profit, with prices set by supply and …

Source: Upstate Business Journal - South Carolina - Neutral
Published on May 15, 2025

Fired credit union regulators dig in for lengthy court fight

Enjoy complimentary access to top ideas and insights — selected by our editors. What you should know: Todd Harper and Tanya Otsuka, the two ousted Democratic board members, sued the Trump administration in April. The National Credit Union Administration …

Source: American Banker - New York - Neutral

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Published on March 14, 2025 - 14:56 GMT

Dispatches From the Front Lines of Trump’s War on Democracy

“My generals” running the Pentagon? “My lawyers” running the Department of Justice? “My” main money man and his group of young techies illegally shutting down programs Congress voted to support and fund? What we have here is a hostile takeover of the U. …

Source: Op/Ed
Published on May 16, 2025 - 01:00 GMT

ECHOSTAR ALERT: Bragar Eagel & Squire, P.C. is Investigating EchoStar Corporation on Behalf of EchoStar Stockholders and ...

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ:SATS) on behalf of …

Distribution channels: Consumer Goods, Law ...

Published on May 14, 2025 - 08:00 GMT

Wireless Broadband Alliance Services Launches Commercial AFC Service, Enabling Standard Power Wi-Fi in 6 GHz Band ...

FCC-certified cloud-based platform drives spectrum innovation for infrastructure providers, network operators and enterprises in high-performance use cases, while protecting incumbent spectrum operations across the U.S. LONDON, UNITED KINGDOM, May 14, …

Distribution channels: Business & Economy, IT Industry ...
Published on May 14, 2025 - 22:00 GMT

Kirby McInerney LLP Announces Investigation of Claims Against EchoStar Corporation (SATS) on Behalf of Investors

NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS). The investigation concerns whether EchoStar and/or certain of …

Distribution channels: Consumer Goods, Law ...

Published on May 15, 2025 - 14:00 GMT

Federated Wireless Achieves 100 Percent CBRS Uptime: Zero Outages, Zero Interference in 2024 and into 2025

ARLINGTON, Va., May 15, 2025 (GLOBE NEWSWIRE) -- Federated Wireless, the global leader in spectrum management and shared spectrum services, has achieved a major milestone in CBRS network reliability, delivering 100% spectrum availability and interference- …

Distribution channels: Media, Advertising & PR, Telecommunications ...
Published on May 15, 2025 - 12:00 GMT

AmpliTech Group Reports Q1 FY2025 Results and Signals Positive Outlook with Record Bookings and Strategic IP ...

HAUPPAUGE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leader in the design and manufacture of advanced signal processing components for satellite, public and private 5G, and other communications systems, today …

Distribution channels: Business & Economy, Telecommunications ...
Published on May 13, 2025 - 10:19 GMT

Eden Gordon Media and Great American Pure Flix Presents Summer of Faith, Family & Freedom

Eden Gordon Media, Great America Media, and Great American Pure Flix are preparing for a summer full of faith, family, and freedom. WASHINGTON, DC, DC, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Eden Gordon Media, Great America Media and Great …

Distribution channels: Book Publishing Industry, Media, Advertising & PR ...

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Published on May 17, 2025 - 00:03 GMT

Artist Michelle-Marie Heinemann to Donate Monumental 'Flower Tree' Sculpture to New College of Florida Class of 2025

Ribbon-Cutting and Sculpture Reveal to Take Place May 22 at New College Foundation’s Keating Center in Sarasota SARASOTA, FL, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Internationally celebrated artist and sculptor Michelle-Marie Heinemann will …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on May 16, 2025 - 21:39 GMT

San Francisco Offers Free Hot Water Heaters to Advance Clean Energy

SACRAMENTO, CA, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- San Francisco continues to lead the charge in the fight against climate change with its innovative new program aimed at eliminating gas-powered appliances and transitioning …

Distribution channels: Emergency Services, Energy Industry ...
Published on May 16, 2025 - 21:26 GMT

Bay Area Moves Toward a Greener Future: Gas Water Heaters to Be Phased Out

SACRAMENTO, CA, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- The Bay Area Air Quality Management District (BAAQMD) has announced a pioneering regulation to prohibit the sale and installation of gas water heaters in the Bay Area starting in …

Distribution channels: Emergency Services, Energy Industry ...
Published on May 16, 2025 - 21:12 GMT

Initiative Proposes Michelangelo Masterpiece as a Gift to Pope Leo XIV

An international group seeks to present a newly discovered Michelangelo sculpture to Pope Leo XIV, symbolizing cultural ties between Italy and the US. FRANKFURT, GERMANY, May 16, 2025 /⁨EINPresswire.com⁩/ -- A group of European art enthusiasts has …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 16, 2025 - 20:47 GMT

The Partnership to End HIV, STDs, and Hepatitis Urges Congress to Reject Medicaid Cuts and Misguided Work Requirements

WASHINGTON, DC, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- The Partnership to End HIV, STDs, and Hepatitis —a coalition including NMAC, The AIDS Institute, National Coalition of STD Directors, NASTAD (National Alliance of State and …

Distribution channels: Business & Economy, Healthcare & Pharmaceuticals Industry ...
Published on May 16, 2025 - 20:31 GMT

STUDIO SALE OF AFRICAN AMERICAN ARTIST VINCENT SMITH

May 27th at 12pm EST. LARCHMONT, NY, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Vincent D. Smith (1929 - 2003) is distinctive for his adept utilization of mixed media, striking colors, and references to the rich visual culture of the …

Distribution channels: Banking, Finance & Investment Industry, Culture, Society & Lifestyle ...
Published on May 16, 2025 - 18:02 GMT

FLEOA Members Rally to Support Law Enforcement Legislation and Defend Pay and Benefits During National Police Week

WASHINGTON, CT, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Members of the Federal Law Enforcement Officers Association (FLEOA) gathered in the nation’s capital during National Police Week to honor our fallen brothers and sisters and their …

Distribution channels: Emergency Services, Law ...
Published on May 16, 2025 - 15:47 GMT

Jeff Wenninger Launches New Website to Foster Dialogue on Law Enforcement Accountability and Reform

CLEVELAND, OH, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Jeff Wenninger, retired LAPD Lieutenant, author, speaker, and CEO of Law Enforcement Consultants, LLC, is excited to announce the launch of his newly designed website, jeffwenninger …

Distribution channels: Culture, Society & Lifestyle, Human Rights ...
Published on May 17, 2025 - 00:53 GMT

Mexican National and Alleged Alien Smuggler Indicted on First Material Support of Terrorism Charges Against CJNG Member

Note: See second superseding indictment here. An indictment unsealed today in the Western District of Texas is the first in the nation to charge a Mexican national with providing material support to a designated foreign terrorist organization based on her …

Distribution channels: U.S. Politics
Published on May 17, 2025 - 00:53 GMT

Grand Jury Indicts 11 More Individuals for Involvement with Online Groups Dedicated to Monkey Torture and Mutilation

An indictment was unsealed today charging 11 defendants from across the United States for their alleged involvement with online groups dedicated to creating and distributing videos depicting acts of extreme violence and sexual abuse against monkeys. The …

Distribution channels: U.S. Politics
Published on May 17, 2025 - 00:53 GMT

Alabama Man Sentenced to 14 Months in Connection with Securities and Exchange Commission X Hack that Spiked Bitcoin ...

WASHINGTON – An Alabama man was sentenced today to 14 months in prison and three years of supervised release for his role in the unauthorized takeover of the U.S. Securities and Exchange Commission’s (SEC) social media account on X, formerly known as …

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Published on May 17, 2025 - 00:53 GMT

Comer Announces Full Committee Markup of Regulatory Relief Legislation on May 21

WASHINGTON–Today, House Committee on Oversight and Government Reform Chairman James Comer (R-Ky.) announced a markup will take place on Wednesday, May 21 at 10:00 am ET to consider a series of legislation to rein in regulatory overreach by the …

Distribution channels: U.S. Politics
Published on May 17, 2025 - 00:53 GMT

Department of Justice Announces Settlement of Litigation Between the Federal Government and Rare Breed Triggers

Today, in accordance with President Trump’s Executive Order Protecting Second Amendment Rights, as well as the Attorney General’s Second Amendment Enforcement Task Force, the Department of Justice announced the settlement of litigation between the federal …

Distribution channels: U.S. Politics
Published on May 16, 2025 - 12:32 GMT

E-2 Visa Applicants on New Interview Challenges at U.S. Embassy in London

Recent procedural shifts at the US London Embassy have made the process more demanding and unpredictable, LONDON, LONDON, UNITED KINGDOM, May 16, 2025 /⁨EINPresswire.com⁩/ -- Global Immigration Partners (Washington, D.C.) Advises E-2 Visa …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 16, 2025 - 23:06 GMT

Mayor Wu Announces Expansion of Free Swim Lessons for Youth; Recognizes International Water Safety Day on May 15

City highlights free swim lessons, lifeguard staffing, and water safety awareness in Boston Mayor Michelle Wu, the Office of Human Services (OHS), and Boston Centers for Youth & Families (BCYF) marked yesterday’s International Water Safety Day with the …

Distribution channels: U.S. Politics
Published on May 16, 2025 - 23:06 GMT

May 16 Traffic Advisory

Events happening in the City of Boston will bring some parking restrictions and street closures. People attending these events are encouraged to walk, bike, or take public transit. Information on Bluebikes, the regional bike share service, may be found on …

Distribution channels: U.S. Politics
Published on May 16, 2025 - 05:51 GMT

Rose Bowl Aquatics Center and The City of Pasadena Make a Splash for Water Safety

RBAC Launches Inaugural “Treading for Water Safety” Campaign and Kicks Off 35th Anniversary on International Water Safety Day PASADENA, CA, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- In a powerful show of unity and action, the Rose Bowl …

Distribution channels: Culture, Society & Lifestyle, Education ...
Published on May 16, 2025 - 16:54 GMT

Two California Businesses and Their Owners Resolve Allegations They Misrepresented Businesses’ Size to Obtain Paycheck ...

JEV&B Services LLC and D4 Inc., two entities with their principal places of business in California, and their owners — William Nelson and Vicki Rollins — have agreed to pay $153,598.90 to resolve allegations that they violated the False Claims Act by …

Distribution channels: U.S. Politics
Published on May 16, 2025 - 16:54 GMT

New Jersey Return Preparer Pleads Guilty to Preparing False Tax Returns for Clients

A New Jersey man pleaded guilty yesterday to preparing false tax returns for clients. The following is according to court documents and statements made in court: Vito A. Pascarella, of Somerset, ran a tax preparation business. Pascarella prepared, and …

Distribution channels: U.S. Politics
Published on May 16, 2025 - 15:34 GMT

Planning Department Advances Two New Office-To-Residential Conversion Projects

The Planning Department this month recommended approval of real estate actions related to public land in two locations in Roxbury, and of three new development projects to the BPDA Board. All were approved. The newly approved development projects represent …

Distribution channels: U.S. Politics

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Op/Ed

Published on March 14, 2025 - 14:56 GMT

Dispatches From the Front Lines of Trump’s War on Democracy

“My generals” running the Pentagon? “My lawyers” running the Department of Justice? “My” main money man and his group of young techies illegally shutting down programs Congress voted to support and fund? What we have here is a hostile takeover of the U. …

Source: Op/Ed
Published on February 14, 2025 - 08:06 GMT

Use Your Cell Phone Camera to Help Save U.S. Democracy

Along with more than two million others, I subscribe to a daily newsletter written by historian Heather Cox Richardson (https://heathercoxrichardson.substack.com/). Richardson meshes her deep knowledge of history with insightful and valuable …

Source: Op/Ed

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