Feb 01 Watch 8:33 Savings programs tied to prizes to become more widely available By PBS News Hour Since the American Savings Promotion Act became law in December, banks can now offer prize-linked savings programs, which were previously only available in a handful of states through credit unions. But will the passage of the bill actually help boost… Continue watching
Nov 30 Watch 8:49 Will new student loan options make a dent in debt? By PBS News Hour Millions of Americans live with student debt for years, even decades after they graduate from college. Now, two of the nation's largest private student lenders have introduced options to allow borrowers to modify the terms on their loans. NewsHour's Hari… Continue watching
Jun 02 77,000 foreign banks share details on U.S. account holders in IRS crackdown By Stephen Ohlemacher, Associated Press Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include all the world's financial giants, as well as many places where Americans have traditionally… Continue reading
May 05 Tough new IRS penalties set to target Russian banks By Stephen Ohlemacher, Associated Press Russian banks that buy U.S. securities after July 1 will forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasuries. Some previously owned securities would be exempt from the withholding, but… Continue reading
Mar 27 U.S. ‘underbanked’ population increasingly using mobile banking By Simone Pathe Mobile banking is on the rise, especially among those consumers who are "underbanked" and rely on other financial services besides a traditional bank account. Continue reading
Feb 14 Banks can now accept cash from legal marijuana sellers By Joshua Barajas and Pete Yost, Associated Press The Obama administration on Friday gave banks a road map for doing business with legal marijuana sellers without getting into trouble, a major step by the federal government toward enabling a legalized marijuana industry to operate in states that approve… Continue reading
Jan 20 Watch News Wrap: Iran unplugs centrifuges, U.S. begin nuclear deal By PBS News Hour In our news wrap Monday, to begin the interim nuclear deal, Iran unplugged banks of centrifuges used to enrich uranium to high levels. In exchange, the U.S. and European Union announced easing of economic sanctions. Also, a wave of bombings… Continue watching
Dec 10 Watch Will the Volcker Rule change the culture of Wall Street? Five U.S. regulatory agencies gave final approval to a rule that will bar U.S. banks from trading with their own money for a profit. Jeffrey Brown examines the Volcker Rule and its implications with views from Dennis Kelleher of Better… Continue watching
Nov 19 Watch Will JPMorgan’s record settlement set incentive for better bank behavior? Will JPMorgan's record settlement set incentive for better bank behavior?… Continue watching
Sep 19 Watch Calif. City Contemplates Using Eminent Domain to Solve Its Foreclosure Crisis Calif. City Contemplates Using Eminent Domain to Solve Their Foreclosure Crisis… Continue watching