New McKinsey & Co. report finds US wealth management client assets contracted due to negative market performance

Earned wage access programs allow workers to take some of their future paychecks in advance

The new proposal forms part of CFPB’s work to prohibit all junk fees

The program provides an additional source of liquidity to banks

The British government has pushed off the decision to go forward with a digital pound until at least 2025

Wells Fargo told employees they will receive a cash payment of $1,000 if they made less than $75,000 last year

Proposed rule to ban junk fees aims to remedy widespread concerns

Santander US reports 57% of consumer have delayed a financial decision due to inflation fears

$12.8 billion, representing 26% of the total investment portfolio, is managed by firms owned by minorities, women, or persons with disabilities

The new rules could save consumers over $3.5 billion in fees per year