Overdraft fees have long been a contentious issue in the American banking landscape. They represent one of the most criticized revenue streams for banks, raking in billions of dollars from consumers who occasionally mismanage their finances. The Consumer Financial Protection Bureau (CFPB) has recently released a pivotal rule aimed at curbing these exorbitant fees, essentially
Legal
The shooting of Brian Thompson, CEO of UnitedHealth Group’s insurance division, sent tremors throughout the insurance sector, significantly impacting stock prices and public perception. The event, which occurred in midtown Manhattan shortly before Thompson’s scheduled appearance at an investor day, triggered a notable drop in share values of major health insurance companies such as UnitedHealth,
Purchasing a home is a significant milestone, and for many, it may come with the cautious consideration of whether to buy into a community governed by a homeowners association (HOA). Though some prospective buyers may wish to avoid such arrangements, the increasing prevalence of HOAs complicates this aspiration. A deeper comprehension of how these associations
In the ever-evolving realm of cryptocurrency, Bitcoin remains a pivotal contender, yet it faces significant challenges. Recently, Bitcoin has experienced a slight decline, hovering around $95,928.8, representing a 0.8% decrease. This turmoil comes in the wake of the U.S. government’s revelation that it has mobilized nearly 20,000 Bitcoins—valued at approximately $1.9 billion—previously confiscated from the
In light of recent devastating hurricanes, the American Public Transportation Association (APTA) is advocating for emergency funding to bolster the Federal Transit Administration’s Public Transportation Emergency Relief program. This appeal comes as cities across the United States grapple with the aftermath of Hurricanes Helene and Milton, emphasizing the need for robust federal support in rebuilding
As the climate crisis escalates, American states are preparing for a significant increase in municipal bond issuance over the next decade. This shift aims to facilitate the funding of climate-resilient infrastructure—an initiative that has become crucial amidst rising extreme weather events. According to a recent brief from the Pew Charitable Trusts, states are tapping into
Oklahoma County is in the midst of a challenging phase as it seeks innovative solutions for replacing its aging jail facility. With mounting costs and a delay in site acquisition complicating the process, the county is now exploring public-private partnerships (P3) to secure the necessary funding. This move highlights both the urgency of addressing the
The Brightline passenger train service in Florida stands as a testament to modern infrastructure development, particularly in intercity transit. Its recent financing achievement illustrates not only the challenges inherent in public-private partnerships but also the broadening spectrum of investment opportunities that innovative financing strategies can unlock. This article explores the intricacies of Brightline’s financing journey,
In recent remarks made at The Bond Buyer California Public Finance conference, Dave Sanchez, the head of the Securities and Exchange Commission (SEC) Office of Municipal Securities, underscored an alarming trend regarding new-issue pricing in municipal finance. As established in the SEC’s 2025 exam priorities, there is a heightened focus on municipal advisors and broker-dealers.
The Oklahoma Turnpike Authority (OTA) has recently approved the issuance of $1 billion in revenue bonds, which aims to secure funding for the ACCESS Oklahoma expansion program. Initially projected at $5 billion when introduced in February 2022, costs have now surged to approximately $8.2 billion. These developments raise significant questions about fiscal responsibility amidst rising