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Justice Topic:Banking Clear all

44 articles, grouped into stories

Bessent’s Rosy Forecasts Are Putting His Credibility at RiskIn his 20 months on the job, Treasury Secretary Scott Bessent has made a habit of putting his economic predictions on the record. The housing market, he said in February 2025, will “unfreeze” within weeks, and inflation could return “quickly” to the Federal Reserve’s 2% target. In April, he offered a forecast that spoke directly to the pocketbook…

Bloomberg Tax News2d agoWhole story →

Economy treasury forecasts

A state Community Reinvestment Act can help N.J. close the housing gap | OpinionAs the Trump administration moves to weaken the Community Reinvestment Act, state lawmakers should create New Jersey's own safeguards against redlining and disinvestment.

NJ.com3d agoWhole story →

Economy community reinvestment act overhaul

All that home equity, now what? A senior’s guide to unlocking housing wealthIf you’ve owned your property for decades, your house has likely been doing some financial heavy lifting in the background. According to the Federal Reserve, the housing wealth of baby boomers hit a record $19.84 trillion at the beginning of 2026.

Spokane Spokesman-Review3d agoWhole story →

Bankers sue to overturn OCC trust-bank rule used by crypto firmsCommunity bankers are asking a federal judge to unwind the OCC rule behind a 21-bank trust charter push, including 13 crypto firms.

CryptoSlate3d agoWhole story →

Economy occ trust bank rule lawsuit

Crypto's Sisyphean struggleProgress will effectively reset when the new Congress is sworn in, because key senators who quarterbacked the bill will not be on the ballot again, writes the Cato Institute's Ryan Chan-Wei.

CoinDesk4d agoWhole story →

Technology HR 3633 crypto regulation bill fails

10-year Treasury yield hits 2002 high, raising mortgage and loan costsThe 10-year bond yield hit its highest level since 2002, impacting mortgage rates, credit cards, auto loans and housing as the market faces pressure from federal budget deficits.

Fox Business4d agoWhole story →

Economy treasury yield surge

DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ruled out…

Spokane Spokesman-Review5d agoWhole story →

Justice fed building renovation probe

Monessen house cleaner pleads guilty to stealing close to $1.9 million over a dozen yearsA Monessen woman pleaded guilty in federal court this week to stealing just under $1.9 million from clients whose home she was hired to clean. Emily Roberts, 55, pleaded guilty to one count of bank fraud. According to court records, Roberts repeatedly stole checks from a checkbook, writing checks out

Pittsburgh Tribune-Review5d agoWhole story →

Economy bank fraud conviction

Athuman Farid Omar sentenced in $2.3M Dallas credit union fraud caseAthuman Farid Omar was sentenced to 40 months in federal prison for a fraud scheme that caused more than $2.3 million in losses to a Dallas-based credit union.

The Dallas Morning News5d agoWhole story →

Economy credit union fraud sentencing

Americans are using buy now, pay later more than ever. Here’s what to know if you’re among themNEW YORK — Americans spent more than $160 billion last year using buy now, pay later plans, according to research published by Federal Reserve economists. Experts say they’re increasingly seeing people use the plans for everyday expenses like groceries, bills, transportation and, sometimes rent. “It has been very hard out

Pittsburgh Tribune-Review5d agoWhole story →

Bill Pulte Said He Was Cracking Down on Fraud. Now He’s Firing the Investigators.After inspectors turned the lens back on him, the Federal Housing Finance Agency head moved to slash their budget.

Mother Jones5d agoWhole story →

Justice fhfa budget cuts

Federal Reserve watchdog finds no criminal violations for building renovation cost overrunsAn internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no

EUROPE SAYS5d agoWhole story →

Economy federal reserve headquarters renovation controversy

How are higher interest rates and rising prices affecting you?Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent weeks.

Cable News Network6d agoWhole story →

Economy federal reserve rate hike

NY Fed president weighs in on inflation, AIJohn Williams, the president of the Federal Reserve Bank of New York, shared insights on the economy, inflation and AI.

Buffalo Buffalo News6d agoWhole story →

Economy ny fed president remarks

Ole Miss vape store clerks jailed, facing federal drug chargesTwo Oxford vape shop clerks face federal drug charges after DEA investigators linked bank records to purchases by two University of Mississippi students before their deaths.

Fox News6d agoWhole story →

Justice vape store clerks arrested

Bill may let SC homeowners take low mortgage rates with themA proposed bill would let South Carolina homeowners with ultra-low rates transfer them to new homes, possibly loosening inventory and helping combat the market’s affordability crisis.

Charleston Post and Courier6d agoWhole story →

Economy HR 10028 mortgage rate relief bill

OpenAI, SpaceX investor funds went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges in charges against private fund advisersOne fund manager allegedly paid his 4 a.m. strip club bill from fund capital after his card was declined.

Fortune6d agoWhole story →

Economy sec charges against fund advisers

Senator Corners Trump Goons on Secret Epstein InterviewRon Wyden has accused the Justice Department and the FBI of a cover-up.

The Daily Beast6d agoWhole story →

Economy Ron Wyden epstein investigation update

No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedThe Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the cost of the $2.4 billion…

The Atlanta Journal-Constitution6d agoWhole story →

Justice federal reserve building renovation scandal

Fed official used Asian dating site, sent nude photos — and wound up blackmailed by alleged Chinese spyA former senior Federal Reserve official who sought love on an Asian dating site became entangled with an alleged Chinese spy -- then got blackmailed over nude photos, prosecutors allege.

New York Post6d agoWhole story →

Technology chinese espionage case