In an era marked by soaring home prices, rental costs, and rising levels of homelessness, the United States faces an urgent and complex housing crisis that demands immediate and effective legislative action. The recent introduction of the ROAD to Housing Act by Ranking Member Tim Scott (R-S.C.) and
Wells Fargo and Mastercard, two giants in the financial industry, find themselves navigating different yet critical challenges. Wells Fargo is currently grappling with regulatory compliance issues that have plagued the bank for years, while Mastercard is taking proactive steps to enhance its
Open banking is gradually making its way to the forefront of the financial sector in the United States, promising to revolutionize the way consumers interact with financial services, especially in the realm of real-time payments. This innovative approach aims to provide more streamlined and
The banking sector in the Philippines faces numerous challenges, primarily revolving around regulatory compliance, which incurs substantial costs and can significantly impact a bank's profitability. Achieving compliance involves investments in advanced technology, hiring qualified personnel,
Federal authorities have indicted 18 individuals in connection with a complex bank fraud and money laundering scheme that spanned multiple states and impacted several financial institutions in Iowa. The indictment sheds light on a sophisticated operation involving defendants from Arizona, Iowa,
In the aftermath of significant bank failures last year, the Federal Reserve is pushing to increase capital requirements for large banks. While aimed at bolstering financial stability, these "Basel Endgame" regulations have met with resistance from financial institutions concerned about
