Surging Crypto Crimewave Should be a Congressional Wake up Call
Last week, the FBI reported that online crypto crime continues to surge and is taking a bigger bite out of people’s pockets than ever.
News Category: Commentary
AFREF Commentary: 4 Reasons Why We Should Ban the Use of Credit Scores in Property Insurance
While people might assume that insurance companies set their property insurance rates solely or primarily by evaluating the risk profile of individual homes, a homeowner’s credit characteristics are often a bigger driver of the price of homeowner’s insurance. As Federal Reserve researchers put it in a new report, insurers often price rates for “who is living in the house rather than the risk of the house.”
SpaceX Took Official Step To Go Public, But Being a Public Company Isn’t What It Used To Be
Elon Musk’s SpaceX took the first official step to go public yesterday by confidentially filing paperwork with the Securities and Exchange Commission (SEC).
Crypto’s Push for Tokenization Could Put the Financial System at Risk
Wall Street and crypto are awash in chatter about the industry’s latest financial buzzword, tokenization. In essence, tokenization creates a digital version of other assets — mostly company stock but also potentially real estate or artworks.
Led by Texas AG, Red States Lock in Another Win for Corporate Insiders
Vanguard settled a lawsuit Texas and ten other red states brought alleging the largest asset managers in the world undermined the coal industry in violation of antitrust laws. Even though many legal experts have criticized these types of arguments, Vanguard caved, agreeing to a $29.5 million payment and terms that signal it won’t give corporate insiders like boards and executives any trouble. BlackRock and State Street are still fighting the lawsuit.
More Cracks Emerge in Private Credit’s $1.8 Trillion Iceberg
Even more stories broke this week that troubles in the private credit market are mounting. The increasing instability in these largely unregulated and opaque non-bank loans is an ominous sign that the hidden risks are starting to spiral.