With inflation persistently remaining above the Federal Reserve’s 2% target, a majority of Federal Open Market Committee members believe that raising rates may be needed in the future if there is no progress toward that goal, according to...
President Trump signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied to individuals in the country illegally, and to potentially strengthen customer due diligence requirements. He also signed a...
As Congress considers legislation to create a regulatory framework for digital assets, there remain areas of the bill that could be strengthened, particularly when it comes to closing the payment of interest loophole for payment stablecoins, ABA’s Brooke...
The largest operator of Bitcoin kiosks in the U.S. is shutting down amid increased regulatory scrutiny of the role of “crypto ATMs” in facilitating scams, according to news reports.
Proposed acquisitions announced to banks in Nebraska, Florida and Illinois. Two New England mutual banks announce holding company merger.
ABA economists believe this month's data reflects resiliency despite the effect of higher interest rates. Continued growth suggests mortgage demand will remain steady in the near term, though higher energy prices and interest rates threaten long-term momentum.
