Feds using banks to surveil Americans’ financial data without warrants, House Judiciary says
First appearance on Fox: The House Judiciary Committee announced Friday that federal law enforcement agencies are manipulating the Suspicious Activity Report (SAR) system to access Americans' financial information without a warrant or probable cause. The committee and the federal subcommittee on weaponization released an interim report, first obtained by Fox News Digital, detailing its findings. […]
House Financial Services alum rejoins BGR Group
BGR Group is bringing back Matt Hoffman three years after he left the lobbying giant as Republican staff director on the House Financial Services Committee. As principal and new co-head of the firm's Financial Services practice group, Mr. Hoffman will focus on virtual currency and digital asset regulation, banking, capital markets, and the upcoming amendments […]
Trump nominates financial software giant’s CEO to lead Social Security Administration
President-elect Trump late Wednesday nominated Frank Bisignano, CEO of the financial software giant, to head the Social Security Administration (SSA) in his second administration. “Mr. Frank is a business leader with a tremendous track record of transforming large companies,” President Trump wrote. Post to Truth Social. “He will be responsible for carrying out the agency’s […]
ETF that amplifies bet on US market leaders highlights concerns – Financial Times
Stay informed with free updates Just sign up for Exchange traded fund myFT Digest — delivered straight to your inbox. Fund launches often act as a rearview mirror, showing larger market trends that have already taken hold. The key question is whether such trends will continue and how big of a deal it is to […]
James Van Der Beek selling ‘Varsity Blues’ merchandise to combat ‘financial burden’ of cancer
Fame and wealth don't keep you from getting cancer. Actor James Van Der Beek, 47, knows this all too well. Van der Beek is best known for his role on the television series Dawson's Creek and for playing backup quarterback Jonathan “Mox” Moxon in the 1999 film Varsity Blues. , on social media to commemorate […]
Trump Putting Finance People in DOD Could Help Fix Its Financial Issues
On Tuesday's broadcast of NewsNation's “The Hill,” Rep. Adam Smith (D-Wash.), ranking member of the House Armed Services Committee, responded to the following statement: report President-elect Donald Trump has appointed a funder to the Pentagon's top post, saying the Pentagon needs a fiscal commitment and a treasurer could help solve those problems. He said he […]
Brazilian real hits all-time low as investors doubt cost savings plan – Financial Times
Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Brazil's currency tumbled on Thursday, after government promises to cut costs by 70 billion reais (US$12 billion) over the next two years failed to calm investors' nerves over Latin America's largest economy's finances. It fell to its […]
Early retirement comes as a surprise for many workers, study finds. Here's how to manage that financial shock – CNBC
Ascent Media | E+ | Getty Images Lost years are 'absolutely important' for retirement security According to Katherine Collinson, CEO and director of Transamerica Institute and Transamerica Retirement Research Center, unplanned early retirement can have serious financial consequences for retirees. “Many people are concerned about how severe the consequences could be and how critical an […]
Old National acquiring Bremer Financial in $1.4 billion deal, much less than previous estimates – Star Tribune
St. Paul-based Bremer Financial, Minnesota's second-largest bank, is being sold to Old National Bank for $1.4 billion, ending a five-year battle over Bremer's future. Bremer and Evansville, Ind.-based Old National announced the deal Monday, which will create Minnesota's third-largest bank as measured by deposits. However, the $1.4 billion sale price is significantly lower than previous […]
Gen Z’s Idea of Financial Success Looks Like $587,797 Salary
A recent study found a clear difference in how Gen Z and baby boomers think about financial success. In a study published Friday, Empower said“Is there a secret to financial success? Most Americans (52%) say yes, with an average salary of $270,000 per year and a total net worth of $5.3 million to be considered […]