This Week in Finance News: 10 Stories You Need to See

A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including a surge in housing value and Americans' optimism about their financial future.

NEW YORK, Sept. 29, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the finance industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

1. BofA Survey Finds Many American Workers Optimistic About Their Financial Future, Though Feeling the Strain of Inflation
   Over the last year, the impact of inflation and economic uncertainty has contributed to increased financial stress and to financial wellness among employees dropping to 42%, the lowest rate since this research began in 2010.
2. BMO Expands Minority Small Business Lending to 22 States with Zero Barriers to Business Program
   "The launch of BMO's Zero Barriers to Business to our expanded footprint brings us one step closer to a more inclusive society – especially for groups facing systemic barriers – by ensuring our clients have access to capital and financial tools and education," said Niamh Kristufek, Head of U.S. Business Banking at BMO.
3. U.S. housing value has surged, gaining more than $2.6 trillion in the past year
   "A steady flow of new homes hit the market this spring and summer, helping chip away at the deep inventory deficit and boosting the total value of the market," said Orphe Divounguy, Zillow senior economist.
4. Latino Business Action Network (LBAN) Launches the First Startup Accelerator Providing Hispanic and Latino Founders with Equitable Access to Funding with the Support of JPMorgan Chase
   The inaugural cohort of this new program supported by JPMorgan Chase matches 40 Latino-founded startups with Latino-friendly capital providers (venture capitalists, bankers, and CDFIs) to help them meet their fundraising goals and receive mentorship from world-class industry experts with vast networks and experience.
5. USAA Educational Foundation Launches New Website with Financial Resources Designed Specifically for the Military Community
   The new website offers a variety of helpful resources, including educational videos, financial self-assessment tools, articles and calculators tailored specifically to military members and their families.
6. LexisNexis Risk Solutions Study Reveals Global Financial Crime Compliance Costs for Financial Institutions Totals More Than U.S.$206 Billion
   "In the pursuit of the common good, legislators and regulators collaborate tirelessly with financial institutions to establish necessary mandates…Our report underscores that financial institutions are making significant investments to stay compliant with financial crime regulations," said Grayson Clarke, senior vice president, LexisNexis Risk Solutions.
7. Fannie Mae Launches New Resources to Help Latino Communities Access Homeownership
   The company is unveiling HomeView en Español, a Spanish-language digital consumer education platform providing 24/7 end-to-end access to information about financial literacy and homeownership.
8. U.S. Army Materiel Command Awards Guidehouse $89.9M Contract to Support Financial Management Transformation
   The U.S. Army is engaged in a complex and challenging business transformation to revolutionize its financial management processes, business rules, and systems to provide more accurate, timely and useful financial information to decision makers.
9. MoneyGram Announces Plans to Launch Non-Custodial Digital Wallet
   Debuting in Q1 2024, the wallet will enable consumers to leverage stablecoin technology to seamlessly move from fiat to digital currency, to fiat again — all with the same global brand they trust.
10. Are Americans Looking to Move? New data from the Coldwell Banker Move Meter℠ reveals Shocking Search Destinations
    Last summer, 82% of all Move Meter searches were looking to move out of state, but this year, that number dropped to 72.5%. This indicates that while many aspire to relocate to distant locales, a portion is also keen on staying put within their current state.

Read more of the latest finance-related releases from PR Newswire and stay caught up on the top press releases by following @PRNfinance on Twitter.

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