Banking

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.

Democratic presidential hopeful Bernie Sanders will propose canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.

No one has better visibility into the finances of a small business than their accountant.

Man will serve as chief product officer for the online financing tech provider.

There’s a strategy that’s been useful to help many clients achieve their financial objectives, while providing the tangible security required by the lender.

A new program requiring the IRS to hire collection agencies is falling far short of its goals and putting taxpayers at risk of falling prey to scammers.

The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.

A looming Swiss Supreme Court ruling could add to the bank's woes.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

Bank Hapoalim Ltd., Israel’s second-biggest bank, set aside an additional $246 million to settle a lengthy tax evasion investigation by U.S. authorities. The shares fell the most in more than two months.

Foldable tech, higher prices for G Suite, and eight other things that happened in technology this past month and how they’ll impact your clients and your firm.

The private firms that contract with the Internal Revenue Service to collect overdue tax debts fell short, according to a new TIGTA report.

The software company will be folded into the firm's technology consulting division.

The company is now focusing on CECL and ALLL technology for community banks after being acquired by Accel-KKR.

The risks are lower than many accountants think -- and the rewards are greater.

The Financial Accounting Standards Board has released staff guidance on how to estimate credit loss reserves.

Businesses are tweaking their cash flow and accruals to lower their interest rates on borrowing.

The new accounting standard will have a varying impact on financial institutions.

The widow of a onetime Frenchman billionaire won a round of her fight against a criminal tax investigation linked to the Panama Papers leak that initially targeted her husband.

The chief executive officer of Denmark’s biggest fund will step down for allegedly trying to dodge Swiss taxes while running a unit of Nordea Bank a decade ago.