DBA Digest for December 1, 2023

New "More Money Than Cents"

on Credit Card Minimums

The second installment of the Delaware Financial Education Alliance's video series - More Money Than Cents - is now available. This episode explains the basics of credit card minimum payments. The Delaware Financial Education Alliance created the series of short videos to offer practical information on how to navigate the realm of personal finance. We hope that after watching the viewer will have more Money than just Cents!

Bank of America Private Bank Market Minute

U.S. Equities gained over the holiday-shortened week. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average all rose around 1% last week. All three indexes are on pace for their best monthly returns in more than a year. The yield on the benchmark 10-year U.S. Treasury note rallied to close the week higher, settling around 4.47% by last Friday. The Federal Reserve (Fed) released the Federal Open Market Committee’s latest meeting minutes, reaffirming their commitment to monitoring incoming data, which will dictate whether further tightening of monetary policy is required. In economic news, the University of Michigan’s Consumer Sentiment Index for November was revised higher to 61.3, although still down from October’s reading of 63.8. Inflation expectations rose this month, with respondents pegging inflation a year from now at 4.5%, the highest since April as long-run expectations reached a reading of 3.2%.

Welcome Meriplex - New DBA Associate Members!

The Delaware Bankers Association is pleased to welcome Meriplex to its prestigious list of Associate Members! Meriplex is a managed IT and Cybersecurity solutions provider that enables transformation for Banks by combining secure,innovative technology with advanced technology with advanced expertise. As a trusted partner for Banks, we deliver business driven solutions that provide the scalability and support needed to power growth. To learn more visit their website via the link below.

Corporate Transparency Act: Practical steps estate planning attorneys need to consider -

Thursday, December 7, 2023 - 3:00 PM ET

Join us for an educational discussion on the requirements and practical steps estate planning attorneys need to consider before the Corporate Transparency Act (“CTA”) goes into effect on Jan 1, 2024. 

In this complimentary discussion, we will cover:

• What the CTA is and why it exists
• The reporting requirements the CTA will impose on most businesses
• How CTA will affect trusts
• Actions you can take now to prepare, including internal and external communication plans and training
• Consequences of not reporting

SEC Releases Fiscal Year 2023 Enforcement Results

On November 14, the Securities and Exchange Commission (SEC) published its enforcement results for fiscal year 2023, which concluded on September 30. These results provide insight into the SEC's priorities and enforcement trends. The report underscores that the SEC is rewarding self-reporting and cooperation, prioritizing actions to protect and encourage whistleblowers, and continuing to pursue active enforcement across the spectrum of securities violations.