As employers try to control rising healthcare premium costs, their employees will continue to pay more for healthcare plans and face higher deductibles and copays, according to a recent survey from Wells Fargo Insurance, part of Wells Fargo & Co (NYSE: WFC). The survey of more than 70 insurance companies nationwide found that overall claim… Keep reading →
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Survey: Cost of Healthcare Claims Continue to Rise; Interest in Private Exchanges Increases
By businesswireBusiness Roundtable Survey: CEOs Expect Continued Slow GDP Growth with Moderate Increases in Sales, Hiring and Investment
By businesswireResults from the Business Roundtable’s first quarter 2014 CEO Economic Outlook Survey show a moderate uptick in CEO expectations for hiring, sales and capital expenditures and some improvement in the Business Roundtable CEO Economic Outlook Index. But the survey’s expectation for 2014 GDP growth was 2.4 percent, representing below-normal growth compared to past economic recoveries…. Keep reading →
GASB Toolkit Helps State and Local Governments Implement New Pension Accounting Standards
By businesswireA new online pension implementation toolkit was released today by the Governmental Accounting Standards Board (GASB). The toolkit is designed to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards that the GASB approved in June 2012. The toolkit is available… Keep reading →
Today, the PCI Security Standards Council (PCI SSC), an open global forum for the development of payment card security standards, testified before the U.S. Senate Subcommittee on National Security and International Trade and Finance. The Council was asked to participate in the hearing on “Safeguarding Consumers’ Financial Data” because of its role in designing and… Keep reading →
Optimism for the nation’s economic outlook among U.S. business leaders plummeted 16 percentage points in fourth quarter 2013 to a net balance of 36 percent according to the latest data from the Grant Thornton International Business Report (IBR), a survey of 3,300 business leaders in 45 countries. Hiring expectations in the United States declined for… Keep reading →
Retailers Disappointed by Approval of ‘Deeply Flawed’ Credit Card Swipe Fee Settlement
By businesswireThe National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to U.S. District Court Judge John Gleeson’s approval of a controversial antitrust lawsuit over credit card swipe fees. “We are very disappointed that this deeply flawed settlement has been approved. It is not supported by the… Keep reading →
JPMorgan Chase Reaches Settlement with the President’s Task Force on Residential Mortgage-Backed Securities
By businesswireJPMorgan Chase & Co. announced today that it has reached a $13 billion settlement in principle negotiated by the President’s RMBS Working Group of the Financial Fraud Enforcement Task Force. Today’s settlement resolves actual and potential civil claims by the Department of Justice (DoJ), several State Attorneys General (State AGs), the Federal Deposit Insurance Corporation… Keep reading →
Janet Yellen’s comments at her confirmation hearing to become Federal Reserve chairman reverberated beyond the Senate Banking Committee on Thursday, and could influence the planning and decision making of nearly two-thirds of the nation’s CFOs and finance chiefs. Sixty-one percent of senior Chartered Global Management Accountant designation holders surveyed by the American Institute of CPAs said the comments and… Keep reading →
IRI MarketPulse Survey Uncovers Impact of Government Shutdown and Debt Ceiling Crisis on Consumers
By businesswireAccording to Information Resources Inc. (IRI)’s Q3 2013 MarketPulse™ survey results released today, 85 percent of American consumers were aware of the looming debt ceiling crisis and of the government shutdown, which is clearly impacting their views of their personal finances, including their approach to grocery shopping. The survey was fielded to consumers between Sept…. Keep reading →
In light of the on-going government shutdown, Kroll Bond Rating Agency (“KBRA”) has reached out to issuers of residential mortgage-backed securities (“RMBS”) transactions to find out how they are handling the inability to execute IRS form 4506-T, Request for Transcript of Tax Return, and what, if any, impact it may have on both origination practices… Keep reading →