January 2026

Justices wary of Trump’s urgent need to remove Fed’s Cook

Key insight: The Supreme Court Wednesday expressed skepticism of the government’s argument for expansive presidential power in removing Federal Reserve governors.  Expert quote: “Your position that there’s no judicial review, no process required, no remedy available, [and] a very low bar for cause that the president alone determines. That would weaken, if not shatter, the […]

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Trump, again, calls on Congress to cap credit card rates

Key insight: Trump continued to call on Congress to pass credit card legislation.  Expert quote: “Whatever happened to usury?”  — President Donald Trump. What’s at stake: Earlier in the day, JPMorganChase CEO Jamie Dimon said that a 10% rate cap would be an “economic disaster.”  WASHINGTON — President Donald Trump in Davos, Switzerland, renewed his

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Ameriserv posts strong Q4 despite slower mortgage business

Ameriserv Financial saw its profits grow by more than 60% in 2025, despite its mortgage business taking a hit. Processing Content The company reported net income of $5.6 million for the year ended Dec. 31, up 61.9% from the year prior, while mortgage banking revenue decreased by $120,000, or 39.5%, resulting from diminished residential mortgage

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