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Wealth Management & Retirement
Tag: fiscal policy
Federal Reserve Board Announces Enforcement Action Against American Express Company Over Anti-Money Laundering Deficiencies
October 08, 2026 WASHINGTON — The Federal Reserve Board on Thursday announced a formal enforcement action against American Express Company, citing significant compliance failures regarding the detection and reporting of suspicious financial activities tied to potential money laundering. The regulatory action, released late Thursday afternoon at 4:30 p.m. EDT, addresses what federal authorities described as…
Misunderstandings Persist Over Full Expensing and AI Data Center Investments Amid Tax Reform Debates
As scrutiny surrounding massive capital investments in artificial intelligence and data center infrastructure intensifies, tax policy debates have increasingly turned toward the mechanics of corporate taxation. At the center of these discussions is the One Big Beautiful Bill Act (OBBBA), landmark legislation that permanently improved the corporate tax system by securing permanent bonus depreciation for…
Federal Reserve Board Releases Results of the 2025 Survey of Consumer Finances Detailing the Economic Condition of American Families
WASHINGTON — The Federal Reserve Board on Friday released the comprehensive results of the 2025 Survey of Consumer Finances, a landmark triennial study that offers the public, economists, and policymakers an exceptionally detailed and authoritative look into the financial health, wealth, and economic well-being of households across the United States. Published at 10:00 a.m. EDT…
Tax Foundation Models Options to Reform Tax Exemptions for Large US Nonprofit Hospitals as Revenues and Consolidation Surge
As the American healthcare landscape continues to evolve through rapid consolidation and rising revenues, tax-exempt hospitals are facing intense scrutiny from lawmakers across the political spectrum. Representing a substantial share of medical care across the United States, nongovernment tax-exempt community hospitals account for nearly half of the approximately 6,100 hospitals operating nationwide. However, as these…
October 13, 2026
Minutes of the Board’s discount rate meetings on August 17, September 9, and September 16, 2026 For release at 2:00 p.m. EDT The Federal Reserve Board on Tuesday released the official written records and minutes from its recent series of meetings held to review, evaluate, and determine the discount rates provided to depository institutions through…
Wyoming Voters Face a ‘Choose-Your-Own-Adventure’ Tax Dilemma as Proposition 1 Looms
If having one property tax exemption is good, then having two is preferable, and three is better still. Or at least, that seems to be the underlying logic across many U.S. states, where lawmakers and voters continue to pile on new property tax relief measures that rarely cohere and sometimes work at cross purposes. But…
Federal Reserve Board Announces Termination of Enforcement Actions with Gardner Bancshares, Inc. and Small Business Bank
WASHINGTON — In a significant regulatory development for the midwestern banking sector, the Federal Reserve Board officially announced on Friday, October 16, 2026, the complete termination of all outstanding enforcement actions previously imposed on Gardner Bancshares, Inc. and its subsidiary, Small Business Bank, both based in Lenexa, Kansas. The announcement, released at 11:00 a.m. Eastern…
Demystifying Tax Season: A Comprehensive Guide to Calculating Your Taxable Income and Liability
As tax filing season approaches year after year, millions of Americans find themselves grappling with the complexities of the United States tax code, searching for clarity on how much they will ultimately owe or whether they can expect a refund from the federal government. At the center of this annual financial exercise is a fundamental…
Federal Reserve Board Announces Termination of Enforcement Actions with Gardner Bancshares, Inc. and Small Business Bank
WASHINGTON — In an official regulatory update released on Friday, October 16, 2026, the Federal Reserve Board announced the complete termination of all active enforcement actions previously imposed upon Gardner Bancshares, Inc. and its subsidiary, Small Business Bank, both headquartered in Lenexa, Kansas. The regulatory relief, which took formal effect earlier in the week on…
Demystifying the Tax Code: How Your Taxable Income Is Actually Calculated
As tax filing season approaches each year, millions of Americans face the familiar and often daunting task of calculating how much they owe to the federal government or whether they are due a refund. Behind the complex maze of forms, documentation, and compliance requirements lies a single foundational metric that dictates the entire outcome: your…
