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Federal Deposit Insurance Corporation resignation threatens President Biden’s banking agenda, Basel III endgame

The Biden administration’s banking regulations are in jeopardy as the chairman of the Federal Deposit Insurance Corporation (FDIC) prepares to resign following reports confirming a toxic workplace culture at the agency. FDIC Chairman Martin Gruenberg is a key figure in getting several important proposals to the finish line, including the controversial Basel III endgame regulations. […]

Monthly car payments decline despite rising auto insurance rates

More than 17% of drivers who own a new car pay more than $1,000 per month. (iStock) The auto industry is becoming increasingly affordable, with monthly payments for a new car averaging $735 as of the first quarter. Although it is still at a high level, it is a slight decrease compared to the previous […]

Hundreds of Florida nursing homes close due to insurance rates

Rising Florida commercial property insurance premiums have forced hundreds of Florida nursing homes to close over the past five years. Over the five-year period ending in 2023, an average of 146 nursing homes or assisted living facilities closed each year in Florida, according to the Florida Agency for Health Care Administration. Over the same five-year […]

Federal Deposit Insurance Corp. Chair Martin Gruenberg announces plans to resign once successor is nominated, confirmed

Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg announced Monday that he will step down as soon as his successor is confirmed by the Senate, after multiple reports revealed a culture of sexual harassment, misconduct and retaliation at the agency under his leadership. Gruenberg’s announcement comes after months of pressure from members of Congress and […]

Homeowners insurance costs rising amid mounting weather-related losses, inflation: report

Condominium Global host and FOX News real estate contributor Katrina Campins weighs in on February housing statistics and NAR’s proposed new commission rules. A new Moody’s report says homeowners are struggling with higher premiums as companies that offer homeowners insurance seek to mitigate rising losses from weather-related incidents and inflation that are hurting profits. They […]

Car insurance rates surge again, keeping inflation elevated

According to Insurify, Nevada has the second-highest auto insurance rates in the country. Rising auto insurance premiums are driving inflation and continuing to put financial pressure on millions of Americans across the country. The Labor Department announced on Wednesday that consumer prices for April rose 0.3% month-on-month, slightly lower than expected, and rose 3.4% compared […]

NBA champion Glen ‘Big Baby’ Davis sentenced to prison in insurance fraud scheme

A federal judge has sentenced NBA player Glenn “Big Baby” Davis to 40 months in prison after being found guilty of defrauding health insurance benefits plans. Last November, Davis was found guilty of health care fraud, wire fraud, conspiracy to commit false statements, and conspiracy to commit health care fraud and wire fraud. If convicted, […]