latest news in economy
Federal Reserve Pushes to Reform Rules as Mortgages Shift Away from Traditional Banks
Washington, Thursday, 9 July 2026.
In her July 2026 testimony, Federal Reserve Governor Michelle Bowman addressed a sharp decline in bank-originated mortgages—from 60% to 35%—urging regulatory reforms to encourage traditional lending.
Government Rollback Opens Retirement Plans to Riskier Investments
Washington, Wednesday, 8 July 2026.
Following a recent regulatory rollback, financial advisors are no longer legally required to act in your best interest when managing 401(k) plans, opening retirement savings to high-risk investments.