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Senate banking chair asks Biden to replace FDIC chairman after ‘toxic culture’ report

Work Life

The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp. Sherrod Brown, D-Ohio, and chairman of the Senate Banking Committee. The FDIC is one of several banking system regulators.

Banking 97
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Employees sue Wells Fargo for insurance plan’s inflated prescription drug prices

Work Life

was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands of U.S. The proposed class action filed in Minnesota federal court by four ex-employees of Wells Fargo claims the bank violated a federal law requiring companies to prudently manage employee health and retirement plans.

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A Freelancer’s Guide to Business Insurance: What You Need to Know

Success

As a freelancer or independent contractor, you may think your business is too small to need insurance. Client contracts sometimes even require you to have freelance business insurance. The bottom line: More than half of those surveyed said their biggest barrier to getting coverage was understanding what insurance their business needed.

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How to set up a payroll process: 10 steps

Insperity

In addition to obtaining deduction information and classification, to add employees to a payroll provider’s system, you’ll likely need: Your employees’ names, addresses and social security numbers Employees’ bank account information (for direct deposit) Your payroll register (if acquiring an existing business with payroll history).

Payroll 262
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The next era of private credit

McKensey

A new private credit ecosystem is emerging across asset managers, banks, and insurers. Here’s what it means for the industry.

Insurance 123
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You need a data protection policy – Here’s the basics

Insperity

Contact your company’s insurance provider, if you have cyber liability Insurance. Personally identifiable information no longer only includes data like social security and driver’s license numbers. Security specialists can also investigate the breach and collect information on how it happened and how much data was stolen.

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What are fringe benefits? What employers need to know

Insperity

By creating a thoughtful fringe benefits package, you can start to address those wants and not break the bank. You might also want to add non-taxable perks such as time off for volunteering in the community, the occasional theater and sporting event tickets or marathon sponsorships.

Banking 255