Latest News

Financial institutions news from around the web: January 9 – 13, 2022

Written on Jan 11, 2023

More than 300,000 U.S. accountants and auditors have left their jobs in the past two years, a 17% decline, and the dwindling number of college students coming into the field can’t fill the gap.  

Gen Z is now originating more loans than any generation except Millennials, according to Morgan Stanley. As Gen Z ages and joins the workforce in larger numbers, this group will quickly grow into one of the country's largest consumer demographics. 

The FDIC released a notice of proposed rulemaking to revise regulations on the use of the FDIC sign and advertising requirements related to deposit insurance coverage. The proposal would also revise regulations on false advertising, misrepresentation on insured status and misuse of the FDIC's name or logo. 

FinCEN has issued proposed regulations governing the disclosure, access and safeguarding of beneficial ownership information required to be submitted to FinCEN by in-scope U.S. and foreign reporting companies under the Corporate Transparency Act.