Banking on Millennials? A Special Report

The rate for a 30-year fixed-rate mortgage was 6.69% this week. The rate for a 15-year fixed-rate mortgage was 6.01%.

ABA supports requiring stablecoin issuers to comply with the Bank Secrecy Act and sanctions requirements, but proposed rulemaking to establish those standards needs further refinements, the association said in a letter to the FDIC.

The non-farm private sector added 44,000 jobs in July, and annual pay was up 4.4% year-over-year, according to the ADP National Employment Report. This follows a revised June report of 95,000 jobs. 

ABA economists believe that despite the higher July topline index, lower employment activity and continued cost pressures in the services sector may weigh on U.S. economic activity. For banks, price pressures and declining employment figures could weigh on consumer...

Peoples Bancshares of TN has agreed to buy First Peoples Bancorp in Tennessee. Alma Bank has agreed to buy American Community Bancorp in New York.

What a century of fraud can teach banks about the next generation of risk.