The Consumer Price Index was unchanged in July, the Labor Department said Tuesday. The core CPI — which excludes volatile food and energy prices — edged up 0.1 percent, following a 0.2 percent increase the month prior. Overall inflation was up 0.8 percent year-on-year, while the core CPI grew 2.2 percent year-on-year.
The SEC issued a staff accounting bulletin reversing a previous bulletin that changed how banks and other publicly traded entities were expected to account for digital assets held in custody.
President Trump issued an executive order creating a new working group to review regulation of the crypto asset sector and forbidding federal agencies from establishing a central bank digital currency.
ABA endorsed legislation to spur the creation of new banks by easing federal capital requirements during their first few years of existence.
The 2023 decision by banking regulators to invoke a systemic risk exemption to protect uninsured deposits following the Silicon Valley Bank and Signature Bank failures likely prevented further instability in the U.S. banking system, the Government Accountability Office...
The rate for a 30-year fixed-rate mortgage was 6.96% this week. The rate for a 15-year fixed-rate mortgage was 6.16%.
The ABA Foundation launched its 2025 financial education campaigns by encouraging U.S. banks and their more than two million employees to participate in these industry efforts.
