banking

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks

Many people find online-only bank accounts attractive due to their perks, but they pose severe drawbacks when you need help. News4’s Susan Hogan reports on creative ways to seek assistance when in need.

“Postal banking is an elegant solution that would provide the USPS upwards of $9 billion a year in revenue and would address the high cost of being poor in America,” Sen. Kirsten Gillibrand, D-N.Y., said.

“Buy Black! Bank Black!” The chant was heard frequently over the course of 2020 during protests and conversations surrounding racial justice in America. It turns out it was more than just a chant. Over the past year, Black banks have also seen an increase in interest on the heels of this awareness.

Black-owned banks have seen a notable rise in deposits since the protests over racial justice in 2020.

Apple on Friday delayed the theatrical release of its first original film, “The Banker” amid misconduct allegations against one of the film’s co-producers. A person familiar with the plans who was not authorized to discuss them publicly confirmed Friday that the film’s Dec. 6 release was being delayed. The delay comes days after Apple canceled the film’s premiere at the...

A divided U.S. House committee approved a proposal Wednesday to decriminalize and tax marijuana at the federal level, a vote that was alternately described as a momentous turning point in national cannabis policy or a hollow political gesture. The House Judiciary Committee approved the proposal 24-10 after more than two hours of debate. It would reverse a longstanding federal prohibition...

A divided U.S. House committee approved a proposal Wednesday to decriminalize and tax marijuana at the federal level, a vote that was alternately described as a momentous turning point in national cannabis policy or a hollow political gesture. The House Judiciary Committee approved the proposal 24-10 after more than two hours of debate. It would reverse a longstanding federal prohibition...

A top aide to Democratic presidential candidate Tom Steyer in Iowa privately offered campaign contributions to local politicians in exchange for endorsing his White House bid, according to multiple people with direct knowledge of the conversations. The overtures from Pat Murphy, a former state House speaker who is serving as a top adviser on Steyer’s Iowa campaign, aren’t illegal —...

Mike Bloomberg might end up running for president, after all. Bloomberg, the billionaire former mayor of New York, has indicated to associates in recent weeks that Joe Biden’s recent struggles against Sen. Elizabeth Warren are making him rethink his decision to stay out of the 2020 Democratic primary. That’s according to people familiar with the discussions who spoke on condition...

Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency.

The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry. The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but...

President Donald Trump’s longtime bank revealed Tuesday that it has tax records Congress is seeking in its investigation of the president’s finances. Deutsche Bank said in court papers it has tax returns responsive to a subpoena sent this year, in which Congress asked the bank for a host of documents related to Trump and his family. Trump has long declined...

Democratic presidential candidates on Saturday placed responsibility for inaction on gun violence in the hands of President Donald Trump and the National Rifle Association, in the face of broad national support for some gun control measures. “If most Americans insist that something be done and it doesn’t happen, it means we need fundamental reform,” Pete Buttigieg, the mayor of South...

What if you could pay bills without having to wait for your paycheck to clear? The Federal Reserve Board is developing a system that will process payments within seconds, rather than making individuals and businesses wait hours or days for funds to settle.

Taha Shakouri keeps finding remote corners to play in at a Tehran children’s charity hospital, unaware that his doctors are running out of chemo medicine needed to treat the eight-year-old boy’s liver cancer. With Iran’s economy in free fall after the U.S. pullout from the nuclear deal and escalated sanctions on Tehran, prices of imported medicines have soared as the...

Blüm marijuana dispensary certainly doesn’t look like a food truck. There are no chicken wings or tacos at the Reno store, just displays of bagged gum drops, jarred marijuana leaves and oils and balms. If you use your credit card, though, your statement will show that you just made a purchase at the “Midgrun Eats LLC food truck.”

The United States does not want a full-blown war with Iran, although it still is seeking to build up international defenses in the region just in case of a conflict, President Donald Trump’s special envoy to the country said Thursday. The big question is whether other countries are ready to join with Washington. So far, Europe is favoring diplomacy instead....

President Donald Trump signed an executive order Monday imposing “hard-hitting” financial sanctions on Iran and the country’s supreme leader.