IRS Clarifies Deductibility of Trustee Fees from Trust Income

FinCEN issued an updated fact sheet to clarify how financial institutions can share information with each other about suspected fraud under the provisions of the USA PATRIOT Act.

Exploitation of software vulnerabilities has become the most common initial access vector for data breaches, according to the most recent Data Breach Investigations Report by Verizon.

The K-shaped economy is increasingly visible in airline ticket purchasing patterns.

The OCC needs to coordinate with other federal agencies to ensure that all stablecoin issuers are subject to the same regulatory expectations, ABA said.

Historically low consumer sentiment has not resulted in a decline in consumer spending. Sustained weakness could mean softening demand for consumer credit heading into the second half of the year.

In a new letter, the Democratic members of the Senate Banking Committee criticized President Trump for not nominating any Democrats to the boards of the FDIC and other financial regulators, arguing the administration is defying decades of bipartisan...