Commentary
Commentary

OPINION: Is the CFPB Paving the Way for Single-Payer Healthcare Through Medical Debt Reform?

The CFPB’s recent modifications to medical debt reporting may be subtly steering the U.S. toward a single-payer healthcare system by minimizing the visibility of medical debt.
Latest Commentary News
Latest News

Ian Aubourg Joins AnnieMac Home Mortgage as Senior Vice President of Retail Sales

MT. LAUREL, N.J., May 6, 2024 /PRNewswire/ -- AnnieMac Home Mortgage proudly welcomes Ian Aubourg as the newest addition to its leadership team, serving as Senior Vice President of Retail Sales. With over two decades of experience in the mortgage industry, Ian brings expertise and a proven track record of success to AnnieMac as the team seeks to further strengthen its presence in the Northeast region.Throughout his distinguished career, Ian Aubourg has garnered recognition as a renowned mortgage executive, having spearheaded some of the largest and most successful...

LOEWS CORPORATION REPORTS NET INCOME OF $457 MILLION FOR THE FIRST QUARTER OF 2024

New York, May 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced its first quarter 2024 financial results today, revealing a net income of $457 million, or $2.05 per share. This represents a 22% increase over the first quarter of 2023, where the company reported $375 million, or $1.61 per share.In a statement, James S. Tisch, President and CEO of Loews Corporation, expressed his satisfaction with the quarter's performance, stating, "Loews had an exceptional quarter driven by stellar results at CNA and Boardwalk. CNA continues to experience strong profitable...

The Future of Food: BMO Hosts 19th Farm to Market | Chemicals Conference in New York

NEW YORK, May 2, 2024 /PRNewswire/ - BMO will be hosting its 19th annual Farm to Market | Chemicals Conference on May 15 and 16, 2024, at the Westin Times Square in New York. The event is set to bring together industry leaders to discuss the future of the agriculture and food sector. According to BMO, the conference will feature candid and informative discussions and panels led by their world-leading analysts and involving leaders from over 100 companies in the sector.The conference aims to address the most pressing topics across the entire agri-food industry, including...

BMO Helps Women-Owned Businesses Grow with the 2024 BMO Celebrating Women Grant Program

BMO, in collaboration with Deloitte, has announced the 2024 launch of its annual BMO Celebrating Women Grant Program. The initiative is dedicated to helping U.S. women-owned businesses make real financial progress. Erminia (Ernie) Johannson, Group Head, North American Personal and Business Banking, stated, "Each year, the BMO Celebrating Women Grant Program helps inspire women-led businesses to thrive in their communities and make progress." The program invites women business owners to apply for one of its 15 grants by sharing their business growth plans that satisfy...

Triad Business Bank Announces Unaudited First Quarter 2024 Results

Triad Business Bank announced its unaudited first-quarter 2024 results on May 2, 2024, showing improvements and strategic measures to enhance its financial performance.Chief Executive Officer Ramsey Hamadi highlighted the positive progress, stating, "In the first quarter of 2024, the Bank had a net loss of $101,000, which was a $700,000 improvement over the previous quarter." Hamadi outlined the Bank's efforts to focus on core deposits and profitable loan relationships to drive future growth and sustainability.According to Triad Business Bank, the net loss for the first...

84 Mortgage Pros From Four Teams Join Fairway Independent Mortgage Corporation

MADISON, Wis., May 1, 2024 /PRNewswire/ -- Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D. Power 2023 U.S. Mortgage Origination Satisfaction Study, announced today the addition of four origination teams to its ranks.The Kirk Scrima, Dan Kaminski, and Steve Kaminski team, previously with Summit Funding, will now operate offices in various California locations, as well as branches in Arizona and North Carolina. This team, bringing 22 teammates to Fairway, funded 291 units in 2023, amounting to...

Truist Survey Reveals Small Business Owners Prioritizing Short-Term Challenges Over Long-Term Planning

Small business owners across the nation, particularly in the Southeast, are facing heightened stress levels and concerns about inflation, as revealed by Truist's annual Small Business Pulse Survey. Scott Stearsman, the head of small business banking at Truist, noted the resilience of small businesses amid economic uncertainties, stating, "In recent years, our survey has shown the impact that economic uncertainty and high levels of stress can have on small business owners regionally and nationally."Despite expressing optimism about growth in 2024, many small business...

Pintec Files 2023 Annual Report on Form 20-F

BEIJING, April 30, 2024  /PRNewswire/ -- Pintec Technology Holdings Limited (NASDAQ: PT) ("Pintec" or the "Company") has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission ("SEC") on April 30, 2023 Eastern Time.The company stated, "The annual report can be accessed on the Company's investor relations website at ir.pintec.com or the SEC's website at www.sec.gov. The Company will provide hard copies of its annual report, free of charge, to its shareholders and ADS holders upon...

GBank Financial Holdings Inc. Announces First Quarter 2024 Financial Results

LAS VEGAS, April 30, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company of GBank (the "Bank"), released its financial results for the first quarter of 2024 on April 30, 2024.The Company reported a net income of $3.7 million for the quarter ended March 31, 2024, showing growth compared to previous periods. Edward M. Nigro, Executive Chairman, highlighted the complexity of the business plan, stating, "Each quarter I comment on one or two factors that I believe most important to you, our investors and shareholders; but this...

CFSB Bancorp, Inc. Reports Financial Results for Q3 and Year-to-Date 2024

CFSB Bancorp, Inc. released their fiscal third-quarter and year-to-date 2024 financial results on April 29, 2024. The Company reported a net loss of $40,000 for the three months ended March 31, 2024, as compared to a net loss of $210,000 for the previous quarter and net income of $355,000 for the same period in 2023.Michael E. McFarland, President and Chief Executive Officer of CFSB Bancorp, Inc., commented on the challenging financial environment, stating, "Liabilities continue to reprice at a faster rate than assets. These short-term rates over the last twenty-four...

Truist Launches Financial Education Program for Students

Truist Financial Corporation has introduced a new financial education program called Truist Life, Money, and Choices™, tailored specifically for high school and college students. The initiative aims to provide participants with realistic financial scenarios and choices to empower them with essential skills for their financial futures.Anthony Weekly, Truist's Chief CRA/Community Development Officer, expressed enthusiasm for the program, stating, "As we close out National Financial Literacy month, we are thrilled to launch this initiative, which directly aligns with our...

Scotiabank Appoints Travis Machen as Head of Global Banking and Markets

Scotiabank announced today the appointment of Travis Machen as the CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024. In this new role, Mr. Machen will lead the strategic direction of Scotiabank's global banking business, focusing on expanding product offerings and attracting more primary clients to drive sustainable growth.Scott Thomson, President and CEO of Scotiabank, expressed confidence in Machen, stating, "Travis is a forward-thinking leader with the vision and experience to lead our Global Banking and Markets business."...

CNFinance Files Annual Report on Form 20-F for Fiscal Year 2023

GUANGZHOU, China, April 26, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company") has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 26, 2024.The Company stated, "The annual report can be accessed on the Company's investor relations website at http://ir.cashchina.cn as well as the SEC's website at http://www.sec.gov."Furthermore, CNFinance Holdings Limited confirmed, "The Company will provide a hard copy of its annual...

Associated Banc-Corp Reports First Quarter 2024 Net Income Available to Common Equity of $78 Million, or $0.52 per Common Share

Associated Banc-Corp, a leading Midwest banking franchise, revealed positive financial outcomes in their first-quarter report for 2024. The company reported net income available to common equity of $78 million, translating to $0.52 per common share. This marks a significant improvement compared to the previous quarter's loss of $94 million and a decrease from the earnings of $100 million in the same period last year.President and CEO Andy Harmening expressed satisfaction with the results, stating, "During the first quarter, we continued to make strong progress against our...

GBank Financial Holdings Inc. Annual Meeting of Shareholders to be Held Virtually on May 7th

LAS VEGAS, April 25, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH) has announced its upcoming annual meeting of shareholders scheduled for Tuesday, May 7, 2024, at 2:00 p.m. (PST). Shareholders will have the opportunity to participate remotely, with no physical location for attendance.The event will be hosted by Edward M. Nigro, Executive Chairman, and T. Ryan Sullivan, President/CEO of GBank Financial Holdings Inc. Shareholders are urged to thoroughly review the Annual Meeting Notice and related materials to familiarize themselves with...

ESQUIRE FINANCIAL HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS

Esquire Financial Holdings, Inc., the financial holding company for Esquire Bank, National Association, has announced its operating results for the first quarter of 2024. The company reported net income of $10.1 million for the quarter ended March 31, 2024, with returns on average assets and equity at 2.59% and 20.14%, respectively.Tony Coelho, Chairman of the Board, emphasized the company's belief in maintaining a strong balance sheet and client relationships for long-term success. He stated, "We have always believed that a strong and fortified balance sheet anchored by...

R&T Deposit Solutions Collaborates with Supernova Lending for Financial Services Enhancement

NEW YORK, April 25, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled cash management and deposit placement programs, has announced a strategic Collaboration Agreement with Supernova Technology ("Supernova"), a prominent financial technology company specializing in digital wealth-based lending solutions.Under this agreement, R&T's subsidiary, Total Deposit Solutions, LLC, will transition its Securities-Based Loan Management System ("LMS") client base to Supernova, providing clients with access to Supernova's cloud-based...

Environmental Groups Call for End to Subsidizing Drax's Forest Destruction

Environmental groups, including Dogwood Alliance, are urging an end to the subsidies that support Drax's activities, which they claim are causing forest destruction, environmental injustices, and climate damage. The call comes as Drax's annual general meeting faces criticism from various sectors around the world. Kathy Egland, an environmental advocate with the NAACP, emphasized the importance of spreading awareness about the negative impacts of wood burning for energy, stating, "Our message is the same whether we're speaking to the U.S. government as it considers tax...

Get results instead of regrets

Darcy Luoma, a renowned author, speaker, and coach, shared her insights on overcoming challenges at the America’s Credit Unions' 2024 HR & Organizational Development Council Conference. Luoma emphasized the importance of viewing challenges as hurdles rather than roadblocks, stating, “The reality is we cannot eliminate hurdles. There will be more unpredictable challenges that we’re not anticipating. The key is to train to overcome them. And when you train, it helps your workplace. When your colleagues pause and think before acting, you have more meaningful discussions, and...