FinCEN issues alert on religious charities allegedly tied to Iran
FinCEN issued an alert to help financial institutions identify and report what the agency says is potential Iranian abuse of religious charity networks.
Weekly Infobyte: Trend Toward Better Credit Card Decisions Continues
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ABA Foundation marks 24th Get Smart About Credit Day with expanded financial education resources
The ABA Foundation celebrated the 24th annual Get Smart About Credit Day with the release of expanded resources designed to help bankers provide teens and young adults with practical financial education.
Mortgage rates hold steady
The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.71%.
Beige Book: Economic activity mixed among Fed districts
Two Federal Reserve districts reported moderate growth in economic activity, three districts reported modest growth, four reported slight growth and three reported no significant change.
Financial Stability Board finalizes ‘sound practices’ for AI adoption
FSB finalized a list of 12 sound practices to guide the adoption of artificial intelligence by banks and other financial institutions.
ABA offers enhancements for proposed extended bank exam schedule
In a letter to banking agencies, ABA expressed support for the implementation of a new law expanding the number of banks that qualify for an 18-month examination schedule, although it had two suggestions for how to improve the...
