U.S. Small Business Administration Administrator Isabella Casillas Guzman reported the SBA Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is now in effect.
The U.S. Small Business Administration issued new interim guidance for the 8(a) Business Development Program (BFPOB) in response to a ruling by the U.S. District Court, which impacts how social disadvantage is determined in the program.
The Commodity Futures Trading Commission (CFTC) has issued a recent order that both initiates and concludes proceedings against Peter L. Bryant from Texas and his firm, Bryant Capital Trade Management Corporation. These actions were taken due to allegations of fraud while operating as an unregistered commodity trading advisor (CTA) and for the failure to properly register as a CTA.
The US Consumer Financial Protection Bureau (CFPB) has published a report highlighting the risks of employer-driven debt poses to its workers, descriing the growing prevalence of employer-driven debt and challenges workers face when they are indebted to an employer as a condition of employment. CFPB Director Rohit Chopra said such debts are suppressing wages and binding workers to their jobs in the U.S.
The Federal Reserve recently reported that, in preparation of the FedNow Service's anticipated launch in July 2023, 57 early adopter firms had successfully completed formal testing and certification.
Federal Reserve Chair Jerome Powell said at a recent Congressional hearing that he thinks digital assets are showing sustainability as an asset class in the U.S.
J.P. Morgan Securities Services has launched its Sustainable Investment Data Solutions for institutional investors, available through Fusion by J.P. Morgan.
Binance, the world's leading cryptocurrency exchange, is pushing back against allegations of illegal operations in the U.S. by the Securities and Exchange Commission (SEC).
Ben Todar, notable crypto commenter, successful entrepreneur and CEO of a blockchain-based gaming ecosystem, said the lawsuit against Binance, the largest crypto exchange in the world, sparks concerns that the US Securities and Exchange Commission (SEC) is trying to protect traditional financial institutions by crushing the U.S. crypto industry.
The Federal Reserve Bank of New York appointed Mihaela Nistor the chief risk officer and head of the risk group, serving in the role as a member of the bank’s executive committee.
In an announcement on Thursday, 11 May 2023, the Bank of England's Governor, Andrew Bailey, detailed a 0.25 percentage point increase in the Bank Rate, bringing it up to 4.5%.
The U.S. Small Business Administration (SBA) has finalized two rules aimed at addressing gaps in access to capital for small business owners in underserved communities, in line with the Biden-Harris Administration's efforts to grow the economy from the middle out and bottom-up.
The President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester, spoke at the Akron Roundtable Signature Series on April 20th, highlighting the progress made in the economy but cautioning that inflation remains stubbornly high.
The U.S. Department of the Treasury recently announced sanctions for agents that supplied precursor chemicals to Mexican drug cartels that would use them to produce illicit fentanyl intended for U.S. markets.
The European Central Bank (ECB) announced a 25 basis point increase in its three key interest rates to combat the ongoing high inflation pressures in the euro area.
The Federal Reserve raised its policy interest rate by a quarter percentage point May 3, citing the need to address high inflation and achieve price stability.
The Federal Reserve plans to launch its live transactions service, FedNow, in July. The Fed addressed some frequently asked questions about the new system on Twitter and said FedNow is not a central bank digital currency (CBDC), which many other countries are developing and several have launched, including China.
