ABA’s Johnson to Testify on Hill Tomorrow

The Federal Reserve announced 2025 pricing for payment services the Federal Reserve Banks provide to banks and credit unions, with an estimated 2.8% average price increase for established, mature services.

The University of Michigan Consumer Sentiment Index rose 1.8% in November compared to the month prior, landing at 71.8, according to final results for the month.

More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the ABA.

Commercial real estate and cybersecurity risks remain potential vulnerabilities for the U.S. financial system, the Office of Financial Research said in its annual report to Congress. The report also identified “data gaps” that could complicate projections.

The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but excluded services for digital assets.

The Securities and Exchange Commission announced that Chairman Gary Gensler will step down from the commission on Jan. 20, 2025.