Walmart-linked fintech’s banking incursion reaches autos
OnePay’s My Garage combines payments and financial information as it continues to build out a financial app.
Tax ‘traps’ and capital gains strategies for in-kind charitable donations
While donating stock is a clear win for clients to avoid capital gains taxes, gifts of property require a qualified appraisal to get a deduction.
GAO flags disclosure gaps exposed by 2023 bank failures
Two of the banks that collapsed in 2023 were subject to a weaker system of investor-disclosure oversight than most public companies, prompting the government watchdog to call for changes.
SoFi-Kraken partnership connects banking, digital assets
The digital bank announced a collaborative partnership with the crypto exchange platform as it continues to expand its overall digital asset strategy.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | SEPTEMBER 4, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2026. The CRA […]
Labor market rebounds, but all eyes are on inflation for Fed
The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed’s next interest rate decision will still hinge on next week’s inflation reading.
The Clarity Act would create some much-needed certainty for banks
One of the benefits of the Clarity Act is that it would codify much of digital asset firms’ anti-money-laundering responsibilities. This is good news for banks that have been understandably nervous about counterparty risk.
Private-sector deposit insurance is reemerging. Can it work?
A new consortium of community banks plans to offer deposit insurance above the FDIC’s $250,000 limit. But skeptics say such private-sector efforts have a spotty history.
The Fed is facing the exact dilemma it least wants to see
The Federal Reserve is committed to fighting inflation, but it also has to keep an eye on a jobs market that is slowly and steadily losing steam.
RIA referrals, tech and service: How TradePMR by Robinhood pitches advisors
One year after $300M deal, referrals through Robinhood that put younger investors in the pipeline and an ongoing clearing relationship with Wells Fargo reflect how TradePMR is a growing rival to the giants of the custody channel.