Financial services
Sen. Ron Wyden, the ranking member of the Senate Finance Committee, has launched a probe into the IRS's failure to investigate the highly lucrative tax planning work of convicted sex trafficker Jeffrey Epstein. Wyden's investigation, which is ongoing, has uncovered evidence that Epstein was paid hundreds
Financial services
The Community's Bank, the Northern Virginia arm of Bank of Charles Town, has been voted the winner in four financial services categories in the 2025 Loudoun's Favorites readers' poll, a annual readers' poll conducted by LoudounNow. This is the second consecutive year the bank
Financial services
Market turbulence this year has attracted fresh capital to the sector, with $10bn in inflows in the first half of 2025, the first such inflows in nearly a decade. Sizeable gains from hedge funds such as TCI and Egerton have helped the sector recover from nine years of redemptions. The
Financial services
Pagaya Technologies LTD., a global technology company, has announced the closing of PAID 2025-5, a $500 million asset-backed securitization backed by consumer loans originated on the Pagaya network. This deal marks the fifth fully-prefunded PAID deal of the year, demonstrating the company's consistent execution across its ABS programs.
Financial services
The U.S. House of Representatives Committee on Financial Services has issued a request for public feedback on current federal consumer financial data privacy law, specifically the Gramm-Leach-Bliley Act (GLBA), and potential legislative proposals to address changes in the consumer financial services sector. The public is invited to submit comments
Financial services
Dimensional Fund Advisors Ltd. has disclosed its holding in International Personal Finance PLC on 30 July 2025. As of this date, Dimensional held 6,560,666 shares, representing 2.99% of the company's total shares. The company has also disclosed its intention to purchase and sell shares in
Financial services
The Liberal government's proposal to lower the minimum RRIF withdrawal by 25 per cent for one year may seem like a tax break for retirees, but some financial planners warn that it could actually increase taxes for those who need to withdraw more than the minimum to cover
Financial services
Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the sale of Crow's Nest Apartments, a 90-unit multifamily property located in De Pere, Wisconsin. The property, originally home to several Green Bay Packers, combines strong tenant appeal with significant upside potential. With current rents below
Financial services
U.S. Senator Mike Rounds delivered opening remarks at a Senate hearing titled "Guardrails and Growth: AI's Role in Capital and Insurance Markets," highlighting the need for regulatory frameworks that support innovation while protecting consumers. The hearing examined how artificial intelligence is transforming financial services and
Financial services
The Public Utility Commission of Texas has released a new regulatory document outlining the requirements for electricity broker registration. This document aims to provide clarity on the registration process, which is mandatory for individuals and entities providing brokerage services for compensation or consideration. The Commission emphasizes that brokerage services include
Financial services
Singapore has implemented a stringent licensing regime for digital token services, effective June 30, 2025. The Financial Services and Markets Act 2022 (FSMA) mandates that entities involved in digital token services, even if operating offshore, must navigate a detailed, mandatory licensing regime if operating from or incorporated in Singapore. This
Financial services
Senator Cynthia Lummis, Chair of the U.S. Senate Banking Subcommittee on Digital Assets, has expressed her enthusiasm for the President's Working Group on Digital Asset Markets, citing its efforts to secure America's position as a global financial services leader. Lummis has been a strong advocate
