by Phil Hall | May 14, 2026 | Current News & Events, Real Estate News, WRE News Exclusive
Rohit Chopra, who served as director of the Consumer Financial Protection Bureau (CFPB) during the Biden administration, has been nominated by California Gov. Gavin Newsom to serve as secretary of the new Business and Consumer Services Agency (BCSA), the state’s...
by John G. Stevens | May 13, 2026 | Current News & Events, Real Estate News, WRE News Exclusive
The average American household now carries roughly $288,676 in national debt, owes $767 a month on a car payment, and is sitting on credit card balances at over 21% interest. The personal savings rate has dropped to 4%. And as of this morning, the Federal Reserve Bank...
by Phil Hall | May 13, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive
A Brooklyn real estate investor and a former New York State judge were indicted on charges of wire fraud conspiracy for running schemes that defrauded millions of dollars from investors. Sam Sprei – who is also known as “Yechiel Sprei,” “Shimon Sprei,” and “Eli...
by Phil Hall | May 13, 2026 | Current News & Events, Real Estate News, WRE News Exclusive
The US Senate has confirmed Kevin Warsh to become the 17th chairman of the Federal Reserve. Warsh was confirmed in a 54-45 vote along party lines, with Sen. John Fetterman of Pennsylvania as the sole Democrat approving the nomination. Warsh’s term will begin on May 15...
by Phil Hall | May 13, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive
A New Jersey couple who gained prominence as real estate influencers were indicted for allegedly running an investment scam that took investors’ money with a promise to receive high returns on Cleveland-area real estate property developments. A federal grand jury...
Federal Judge Vacates CFPB Funding Cutoff, Rejects Fed-Profit Theory
Fed Approves $76.6M Peoples-Citizens Deal Over Barr’s Competition Objection
California Shuts Down Nano Banc; FDIC Estimates $114 Million Loss
DOJ Sues Stagg Group Over Accessibility at Six New York Apartment Buildings
BCB Bancorp Sells $205.3 Million in Problem Loans, Takes $43.3 Million Loss