The Biden administration is reportedly planning to nominate Christy Goldsmith Romero as the next chairperson of the Federal Deposit Insurance Corporation (FDIC). Goldsmith Romero is a Democratic commissioner at the Commodity Futures Trading Commission (CFTC). If...
The Federal Reserve has opted to neither lower nor raise the federal funds rate, which remains in the 5.25% to 5.5% range. In making its decision, the central bank’s policy making Federal Open Market Committee cited its longstanding goals of achieving maximum...
Michigan residents are being targeted in a new scam involving fraudulent housing vouchers. There are currently no housing choice voucher waiting lists open in Michigan. However, CBS News reported the Michigan State Housing Development Authority (MSHDA) and the office...
Michael J. Hsu is Acting Comptroller of the Currency. This article is adapted and edited from a speech that was recently delivered during the 2024 Conference on Artificial Intelligence and Financial Stability. Like all technologies, artificial intelligence (AI) can be...
The co-working flex space provider WeWork Inc. (OTCMKTS: WEWKQ) announced it has emerged from Chapter 11 and appointed John Santora as CEO, effective today. Santora joins WeWork from Cushman & Wakefield, where he most recently served as the firm’s tri-state...
Sen. Elizabeth Warren (D-MA) is demanding the Federal Reserve cut the federal funds rate during its policy meeting this week. Warren, joined by Sens. Jacky Rosen (D-NV) and John Hickenlooper (D-CO), wrote a letter to Federal Reserve Chairman Jerome Powell stating a...
Hits and Misses for the Real Estate Week of March 23-27
