April 18, 2024
McHenry Proposes Office to Regulate Financial Regulators

House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, re-introduced legislation Wednesday (April 17) that would set...

April 18, 2024
Weekly Jobless Claims Unchanged; Remain at Low Level

The number of initial claims for unemployment insurance filed during the week ended Saturday (April 13) was unchanged from the previous week’s revised figure of 212,000. The previous week’s figure...

April 18, 2024
Mastercard Brings Commercial Cards to Digital Wallets

Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in...

April 17, 2024
Mercury Expands Into Consumer Banking With Mercury Personal

Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April...

April 17, 2024
Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness

The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial...

April 16, 2024
Report: Rippling in Discussions on Funding Round, $13.4 Billion Valuation

Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and $670 million of shares being...

April 16, 2024
Senator Blames ‘Pink Tax’ for Undermining Women’s Financial Wellness 

A Pennsylvania lawmaker has once again put the so-called “pink tax” in the spotlight.  In a new study, U.S. Sen. Bob Casey, D-Pa., accuses corporations of disproportionately undermining the financial well-being...

April 16, 2024
UnitedHealth Takes $872 Million Hit From Ransomware Attack

The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million. Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million...

April 16, 2024
Commerce Bancshares Echoes Q1 Earnings Theme of Resilience

Commerce Bancshares, one of the Midwest’s strongest regional banks, joined the chorus of Q1 results reporting Tuesday (April 16) and sounded the theme of resiliency. Tipping its hat to the...