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Biden wants Congress to boost penalties for executives when mid-sized banks fail
By: NPR Washington Desk
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WASHINGTON (NPR) — President Biden on Friday urged Congress to pass legislation to increase the penalties on bank executives when mismanagement leads to bank failures. “When banks fail due to… Read More
Lawmakers are split on how to respond to the recent bank failures
By: Rachel Treisman | Lexie Schapitl | NPR
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WASHINGTON (NPR) — Days after the failure of two regional banks shook the financial industry, senators on Capitol Hill say they want answers but disagree on what action to take… Read More
The unexpected American shopping seems to have cooled
By: Alina Selyukh | NPR
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WASHINGTON (NPR) — Unexpected shopping in the U.S. seems to have calmed. Retail spending declined 0.4% in February compared to January, the Commerce Department said on Wednesday. That’s after a… Read More
Central Ohio bank reaches a settlement with the U.S. Justice Department for redlining
By: Jo Ingles | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — The federal government has reached an agreement with a Central Ohio bank for redlining practices. That an illegal practice of discrimination by lenders against minority… Read More
In a turbulent economy, here’s how to weather the inflation storm
By: Dustin Jones | NPR
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WASHINGTON, D.C. (NPR) — Groceries, gasoline, rent and outstanding debts, inflation and painful price hikes have many Americans concerned about their financial present and future. And with fears that a… Read More
Ohio University may see record freshmen enrollment in the fall
By: Olivia Roman
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ATHENS, Ohio (WOUB) – Ohio University is on track to have the largest incoming freshmen class in over 50 years. It was revealed at last week’s board of trustees meeting… Read More
Why America has been so stingy in fighting child poverty
By: Greg Rosalsky | NPR
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WASHINGTON, D.C. (NPR) — It was heralded as a game-changer for America’s social safety net. It dramatically reduced child poverty. But, last month, the enhanced Child Tax Credit — a… Read More
Does the IRS really want to spy on your bank account? The latest tax fight, explained
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — A new fight is brewing over taxes. The Biden administration wants to require banks to provide the Internal Revenue Service with information about how much money… Read More
Audit Prompts W.Va. Treasurer To Seek Greater Agency Oversight
By: Associated Press
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CHARLESTON, W.Va. (AP) — West Virginia Treasurer Riley Moore says his office will propose greater oversight of an agency that an audit says didn’t keep adequate records of a loan… Read More
CEOs Of Big Banks Face Tough Questioning Over Their Pay
By: Jim Zarroli | NPR
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The House Financial Services Committee is grilling executives from seven banks Wednesday about overdraft fees and executive pay. The hearing comes 10 years after the financial crisis.
As Payments Go Social With Venmo, They’re Changing Personal Relationships
By: Daniella Cheslow | NPR
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More people are using mobile money apps to pay each other without cash. With Venmo, its social network is a key part of the payment process, and it’s changing people’s behavior in unexpected ways.