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Dream Chasers upped its bid for Carver, one of the nation's largest and highest-profile Black banks, by a quarter, to $3.25 per share, dismissing the growth strategy interim CEO Craig MacKay outlined in a recent shareholder letter.

Brian Johnson is a managing director with Patomak Global Partners. He is a former deputy director of the Consumer Financial Protection Bureau.

Jeb Hensarling is a former chairman of the House Financial Services Committee (2013-2019) and an advisory council member to Americans for Prosperity.

Bankers and others now will get until Jan. 16 to weigh in on a proposal that would require more large banks to hold long-term debt. Regulators say they wanted to give the public more time to thoroughly assess its implications.

Even if the 30-year fixed were to slip further to 6.4%, it is not enough to end the seller's strike, economists said.

Canada's government is preparing legislation to promote open banking development, Mastercard has gained approval to process payments in China, and more.

The instant-payments environment is encouraging more consumers to participate in rewards through checking accounts, earning them a cash-back bonus or a discount that gets funded faster than interchange-based rewards.

The decision to restore him to the world's best-known AI startup marks a significant victory for Microsoft which worked with fellow investors to reverse Altman's firing. CEO Satya Nadella publicly supported Altman throughout the turmoil and briefly agreed to hire him at Microsoft to start a new in-house research group.

Federal reports have sharply limited the kind of plaintiffs who can prove they have standing to sue financial institutions under the Fair Credit Reporting Act.

Robert E. Miller, CFA, is CEO of Frontier Asset Management, which he and principal Gary A. Miller, CFA, established in 2000 in Sheridan, Wyoming. 

The firm strives to create quality investment strategies while staying true to the values of transparency, honesty and hard work.