RiverSource Investments LLC, a Minneapolis subsidiary of Ameriprise Financial Inc., announced it has launched two single-strategy mutual funds.
The RiverSource Strategic Income Allocation Fund is designed to help investors meet their income needs. The RiverSource Disciplined Large-Cap Growth Fund is designed to help investors accumulate assets.
Both funds are available through Ameriprise's financial advisers and select nonaffiliated banks and broker-dealers, the company said Tuesday.
The bureau's Tuesday afternoon announcement follows an earlier statement that it would walk back a rule that places buy now/pay later loans under the Truth in Lending Act's Regulation Z, a move that will ease compliance for fintechs that offer installment loans.
Eliminating overdraft charges is Stearns Bank's latest move to limit fees that its customers pay. CEO Kelly Skalicky says deposit service fees aren't a good business model.
House Financial Services Committee ranking member Maxine Waters, D-Calif., blocked a planned joint hearing on a crypto market structure bill amid concerns about the Trump family's conflicts of interest in cryptocurrency.
The bank partnered with fraud prevention company Threat Fabric to create a taxonomy the companies hope will make it easier to communicate about fraud.
The pending acquisition is one of several large deals involving payment companies in recent years as legacy firms look for combinations that can counter newer fintech rivals.
Treasury Secretary Scott Bessent said he expects negotiations with trading partners over tariffs to conclude by the end of the year but acknowledged that talks with China had not yet begun.
