Cooler inflation data may force Warsh's divided Fed to hold the line on rates
"The current level of interest rates, many think, is still restrictive enough to bring inflation down," Richmond Fed President Thomas Barkin said on Thursday. He noted that much of the acceleration in inflation has ?come from shocks like higher tariffs, elevated oil prices and the artificial intelligence investment boom, factors that "should pass" at some point. The counterargument is that allowing inflation to remain too high for too long risks an upward shift in the price ?expectations of consumers and companies that becomes self-fulfilling.
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U.S. Businesses No Longer Face Corporate Transparency Act Reporting
More than two years after the U.S. Treasury began accepting beneficial ownership information (BOI) reports, the Financial Crimes Enforcement Network (FinCEN) has issued a final rule exempting U.S. companies and U.S. persons from reporting requirements under the Corporate Transparency Act (CTA). The move effectively shelves the controversial law for U.S. businesses, which Congress has not repealed despite calls from some business and trade groups to do so.
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Are you worried about the theft of your title? Maybe you should be
For the second consecutive year, the FBI has warned consumers and real estate professionals about the rising tide of title thefts. The agency's Internet Crime Complaint Center, known as IC3, doesn't have specific statistics solely for deed fraud, which falls into its "real estate crime" category. "Nationwide, from 2019 through 2023, 58,141 victims reported $1.3 billion in losses relating to real estate fraud," reads a 2025 report from the agency.
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Cape Cod homeowner sues, says bank should not have given him mortgage for $5.5 million mansion at risk of collapse
Bonomi, a retired New York attorney, is alleging that the bank shouldn't have lent him the money because - and this is directly from his own suit: "No rational person . . . would have considered purchasing the Property, and certainly not at the full asking price." It's been said that the definition of chutzpah is killing your parents and then pleading for mercy because you're an orphan. Does applying for a mortgage and then blaming the bank for giving it to you also qualify?
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