Conflicting numbers from the Phoenix Marketing International bimonthly survey of affluent and high-net-worth investors suggest that while respondents are gloomier than usual about the economy's prospects, they're also investing more in the market than they were.

Global bond and equity investors are no longer relying on the United States to power world economic growth, said presenters at a Natixis Global Asset Management press luncheon.

Two weeks after announcing an adviser-sold 529 college savings partnership with the state of Nevada, Putnam Investments said it would expand sales of the Putnam 529 for America program nationally.

The Federal Home Loan banks could "design and implement" their own system for deciding how to allocate resources for affordable housing initiatives under the proposal by the Federal Housing Finance Agency.

Banking and affordable housing advocates are encouraged by a provision in the tax reform legislation that could increase investment in underserved communities by allowing investors to defer capital gains taxes when they reinvest in federally chartered Opportunity Funds.

Recent developments in the Federal Housing Administration's Home Equity Conversion Mortgage program are making it easier for lenders to originate reverse mortgages to borrowers who want to buy a new-construction home.

With suppliers adopting digital payments at a more significant rate, it feels like we’ve reached the tipping point where checks are becoming obsolete on a broader scale, says Nvoicepay's Josh Cyphers.

The jockeying over who President Biden should appoint to head the Office of the Comptroller of the Currency has focused attention on how to regulate the fintech sector, but the discussion has glossed over flaws in the agency's funding structure that have persisted across administrations.

In his new book, the Princeton lecturer and financier JC de Swaan contemplates what it means to be virtuous in a financial system that prioritizes profits and shareholder returns.