US House passes bill to make daylight saving time permanent
US House passes bill to make daylight saving time permanent
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Why transparency could become the most valuable service in wealth management
Walk into any wealth management conference today, and you will still hear the old gospel: top performance, maximum access (which assumes impeccable transparency), and mutually beneficial relationships. Based on my numerous participations in such events, these were the industry’s holy trinity, and for good reason. But look closer, and the reality is already different. As…
Florida charter schools reflect the sector’s problems
Cumberland Advisors’ Executive Vice President John Mousseau said the expanding number of Florida charter schools may have contributed to the financial problems some are experiencing. Cumberland Advisors Florida charter schools haven’t escaped the growing trend of charter schools nationally entering default and impairment, data and analysts indicate. Processing Content Nationally, charter school bonds posted the…
Empower Completes Convergence with Milliman Division Additions
It’s always interesting to watch Empower’s acquisitions and strategies that do not follow the norm. Contrary to CEO Ed Murphy’s pronouncement last year that they were on the hunt for a national RIA firm, their latest move to acquire Milliman’s defined contribution, defined benefit, and health and welfare administration signals an interest in benefits, which,…
Fannie Mae sues Houston apartment borrower, seeks receiver over alleged default
Then the payments stopped, according to Fannie Mae. The lawsuit says the borrower failed to make its monthly debt service payment in April, May and June of 2026. On May 7, 2026, the loan servicer sent a demand letter over the April shortfall – a payment of $46,239.29 and a late charge of $1,471.91, for…
Big Banks Eye Payments Deal That Could Rewire Debit Fees
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade. The Wall Street Journal reported Monday (July 6) that JPMorgan Chase, Bank…
Canva Cofounder on Why Company Won’t Force Staff to Use One AI Tool
Canva cofounder Cameron Adams said there’s one way to get your employees to stop caring about AI: forcing them to use a specific AI tool. Speaking in an interview with Rapid Response, released on Tuesday, Adams said his staff can choose whichever AI tool they want. The interview was filmed during the Cannes Lions festival…
