Banking
Top stories summarized by our editors
6/25/2018

Gun industry advocates are considering a push for legislative relief from what they consider overstepping by banks and payment processors. Several financial-services companies have restricted or halted their business with manufacturers and sellers of certain firearms products.

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The Associated Press
6/25/2018

Sen. Jeff Flake, R-Ariz., said he is prepared to halt the confirmation of judges nominated by President Donald Trump if the Senate fails to act on tariffs. Flake said "a number of senators" may be willing to join him.

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CNN
6/25/2018

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, has taken a new tack in the nomination of Kathy Kraninger to be the CFPB's full-time director, speaking out in favor of her approval. "I know that my efforts to rein in the bureaucracy at the Bureau of Consumer Financial Protection to make it more accountable, effective and efficient will be continued under her able stewardship," he said.

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The Hill
6/25/2018

As Americans get closer to the customary retirement age, they are in far worse shape than the previous generation, according to this article. Many are carrying large amounts of debt from trying to pay for their children's educations and are drawing down their modest savings to help care for aging parents.

6/25/2018

To avoid the risk of being hit with penalties for underwithholding on 2018 taxes, retirees would be wise to take a close look at what is being withheld from their retirement payments for taxes. The IRS has created a withholding calculator to help filers see what they should withhold.

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IRS
6/25/2018

JPMorgan Chase built its app Finn internally -- rather than buying an existing digital brand -- and is testing it in St. Louis, where the bank does not have branches. Executives are studying user feedback with plans to roll out to more markets.

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Digiday
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JPMorgan Chase
6/22/2018

People in their early 50s who haven't started saving for retirement still have time to save enough to make a difference. Here are three tips for making the best of the situation.

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CNNMoney
6/22/2018

The buying power of Social Security benefits has fallen 34% since 2000, while retiree expenses have increased 96.3%, a Senior Citizens League report says.

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CNBC
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Senior Citizens League
6/22/2018

Although the Labor Department's fiduciary rule is gone, many experts believe the awareness it produced of several important issues is likely to guide the retirement industry for many years to come, notes Scott Gehman, a retirement plan consultant with Conrad Siegel. "Much like the ancient Greek philosophers, perhaps its greatest legacy is in the questions it dared to ask and the conversations it sparked, even if it didn't have all the answers," he writes.

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PlanAdviser online
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Labor Department
6/22/2018

Indiana-based Old National Bancorp has agreed to a $433.8 million acquisition of Minnesota-based Klein Financial, which owns KleinBank. The purchase is expected to close near year-end.