Federal judge reverses rule that would have removed medical debt from credit reports
The CFPB estimated the rule would have removed $49 billion in medical debt from the credit reports of 15 million Americans.
Banking & Finance
Articles
Bitcoin soars to new all-time high as lawmakers focus on pro-crypto legislation
The world’s oldest and most popular cryptocurrency is currently the fifth most valuable asset class in the world, at $2.4 trillion, giving it a higher market cap than Amazon.
Bitcoin tops $118,000 for the first time
A soft U.S. dollar and the digital currency friendliness of President Donald Trump’s administration has helped to push the price of bitcoin to unprecedented levels.
Credit scores getting buy-now-pay-later update. Here’s what that means.
The Federal Reserve Board reported that 14 percent of adults in fall 2023 had used buy-now-pay-later loans at least once in the past 12 months.
Stocks set new record to wrap up first half; here’s what drove markets
The U.S. stock market ended the first half of 2025 with back-to-back record highs, defying a rollicking few months of trade tensions and economic uncertainty that sent it deep into negative terrain in April.
Carmel-based hedge fund sues international crypto company for alleged fraud
The lawsuit claims the crypto venture company lied about how much money it had raised in order to persuade the fund to also invest.
Federal Reserve’s Bowman says rate cut should be on table in July
Michelle Bowman, who was appointed to the Fed’s board of governors by Donald Trump in 2018, is the second high-profile official to express support for a potential July cut in as many days.
Northwest Bank opens first Indianapolis-area branch
Ohio-based Northwest Bank entered Indiana in 2020 with its acquisition of Muncie-based MutualFirst Financial Inc. and has plans to expand in the Indianapolis market.
INHP secures more than $12M for affordable housing efforts in Indianapolis
Most of that funding—$10.8 million—comes to the Indianapolis Neighborhood Housing Partnership in the form of loans from five Indiana-based banks.
Credit scores decline for millions as student loan collections restart
According to the Federal Reserve Bank of New York, about 1 in 4 people with student loan accounts were more than 90 days behind on payments at the end of March.
Indiana-based Hallmark Home Mortgage to be acquired
One of the nation’s largest mortgage lenders is purchasing Hallmark, which has branches in Indianapolis, Brownsburg, Plainfield and elsewhere in Indiana.
President promotes $1,000 ‘Trump accounts’ for babies
President Trump promoted the program as a pro-family, pro-child initiative at the same time his administration and congressional Republicans face criticism from Democrats over proposed cuts to Medicaid and the Supplemental Nutrition Assistance Program.
Democrats drawing closer to crypto industry despite Trump divisions
Work in the Republican-led Senate to legitimize cryptocurrency by adding guardrails has drawn backing from some Democrats, underscoring growing support for the industry in the party.
Rising bankruptcy filings hit Indiana, nation
Indiana’s bankruptcy filings are climbing as consumers and businesses feel the economic pinch from housing costs, high credit card debt and student loans.
Stop making cents: U.S. Mint moves forward with plans to kill the penny
An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production.
Bitcoin hits new price highs as crypto industry scores wins
Bitcoin’s price increase comes after the crypto industry scored a major win with the U.S. Senate advancing legislation that creates a federal framework to regulate the stablecoins.
Senate advances legislation to regulate stablecoins, a form of cryptocurrency
The bill would aim to create a federal framework to regulate the stablecoin industry, which is currently governed by a patchwork of existing federal and state laws.
Coinbase said cyber crooks stole customer information, demanded $20M ransom payment
The largest cryptocurrency exchange based in the U.S said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams.
Federal Reserve leaves key rate unchanged as it sees risk of inflation, higher unemployment
Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year.
IRS lost 31% of tax auditors in DOGE downsizing, watchdog finds
The IRS downsizing is due to a series of moves, spurred by Elon Musk’s Department of Government Efficiency, to cut the agency’s workforce.