FTC Reports Rise in Text Message Scams

Commission analysis reveals fake bank fraud warnings as the most common. The Federal Trade Commission (FTC) has announced the findings of recent analysis of text message scams. In…

Read More

Treasury Reaches Settlement with British American Tobacco

Resolves alleged violations of U.S. sanctions against North Korea. The Department of the Treasury reached a legal settlement with British American Tobacco (BAT) on Thursday, allowing the company…

Read More

Federal Reserve Raises Interest Rates Again

Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…

Read More

U.S. District Judge Sentences Infinity Q Founder to 15 Years

Imprisonment is the result of securities fraud. U.S. District Judge Denise Cote sentenced James Velissaris, the founder of Infinity Q Management, to 15 years of prison for misleading…

Read More

Legislators Agree Bank Closure Fallout Requires Action

Promise to subpoena SVB CEO after two-week district break Senators began a two-week break to do local work in their respective states, but not before communicating their agreement…

Read More

Senators Questions Fed Banking Regulators

They ask why there was no federal response to the warning signs ahead of the bank’s collapse. The Senate Banking Committee pressed banking regulators on their failure to…

Read More

Treasury Secretary Says Financial Sector Stabilizing

The department continues support for banks, advocates for regulation updates Secretary of the Treasury Janet Yellen said that she believes that the financial sector is beginning to recover…

Read More

Fed Again Considers Interest Rate Hike 

Central bank members meet Wednesday.  The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…

Read More

President Biden Seeks Tougher Penalties on Execs of Failed Banks 

He wants Congress to levy legal and monetary penalties.  President Biden has urged federal legislators to pass legislation for regulators that would hold the executives of failed banks…

Read More

Three U.S. Banks Have Failed 

The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…

Read More

Back to top
FE3