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Banking And Credit

All articles tagged with #banking and credit

Impostor scams are draining billions—here’s how to spot them
personal-finance27 days ago

Impostor scams are draining billions—here’s how to spot them

Washington Post columnist Michelle Singletary notes impostor scams have already defrauded Americans of about $1.8 billion this year, sharing a real-case where a church member nearly wired $48,500 to a fake IRS account. The piece then outlines red flags and practical steps to protect yourself: verify wire requests with your bank through official channels, resist urgent pressure to transfer money, and involve trusted allies (like church staff or family) to verify before acting.

Private dinner during Fed quiet period triggers ethics questions for regulator
economy2 months ago

Private dinner during Fed quiet period triggers ethics questions for regulator

Federal Reserve Vice Chair for Supervision Michelle Bowman spoke at a private Bank of America dinner during the Fed’s quiet period, a time when officials are restricted from public engagements. Bowman said no monetary policy was discussed, but the private event with a major client group has raised ethics concerns and questions about whether the rules were breached.

Trump Threatens Powell, Keeps Fed Renovation Probe Front and Center
economy4 months ago

Trump Threatens Powell, Keeps Fed Renovation Probe Front and Center

President Trump threatened to fire Federal Reserve Chair Jerome Powell if he doesn’t step down and refused to halt the Justice Department’s probe into the Fed’s $2.5 billion renovation, a move that tests the central bank’s independence and complicates Powell’s departure timeline and the nomination process for his replacement.