Trump pitches sovereign wealth fund to pay for infrastructure projects
It’s the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.
Another Fed official backs a rate cut this month
Federal Reserve Gov. Christopher Waller said the central bank should lower its target interest rate now and execute a series of cuts in months ahead.
Fed’s Williams ready to ‘dial down’ interest rates
Federal Reserve Bank of New York President John Williams said he’s seen enough data to be comfortable with a rate cut at the Federal Open Market Committee meeting later this month.
Fed rate-cut size debate follows mild softening in jobs data
Other estimates suggest nonbank mortgage employment grew in July as the industry cautiously added staff to handle incremental growth in demand for loans.
U.S. Bank credits teamwork for its SBA lending surge
Minneapolis-based banking giant enjoying its biggest year ever for 7(a) lending, with volume up 40%, as borrowers “are still coming to us,” SBA chief says.
Federal overreach in loan servicing enforcement will hurt consumers
The Consumer Financial Protection Bureau is seeking to protect borrowers from unscrupulous loan servicers. The goal is laudable, but the agency’s methods are misguided.
A non-alarmist guide to the risks in commercial real estate
Prophecies about a wave of bank failures caused by sickly CRE loans haven’t yet come true. But there are still plenty of caution signs in a saga that will take years to play out.
Transportation Department launches probe of airline rewards
The inquiry, which is focusing on the nation’s four largest airlines, aims to protect consumers from potentially unfair, deceptive and anticompetitive practices.
Fed seeks input on discount window reforms
The central bank has been under pressure to modernize its last-resort lending operation since the failure of three large regional banks last year.
Trump pledges more regulatory rollbacks, touts potential for crypto
The Republican presidential nominee laid out his economic platform during a speech at the Economic Club for New York.