IRS Clarifies Deductibility of Trustee Fees from Trust Income

Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency Jonathan Gould said his job isn’t about “incumbent protection” but rather preserving the integrity of the banking system.

Two California nonprofits have sued the Trump administration to free up $289 million in the CDFI Fund that will expire if not appropriated by the end of September.

While most participants at the Federal Open Market Committee’s July meeting believe inflation will ease as the effects of tariffs and earlier energy price increases wane, several pointed to the possibility that elevated inflation may be more persistent,...

The Equal Employment Opportunity Commission proposed to eliminate the EEO-1 reporting requirement for the annual submission of demographic data on employees. The agency said it estimates the EEO-1 data collection imposes $275 million in annual costs on covered...

A proposed accounting standards update on derivatives and hedging would remove unnecessary constraints on the latter, thereby better aligning financial reporting with institutions’ risk management activities, ABA said in a letter to FASB.

The average U.S. credit card spend rose $109 since last year, reflecting financial strength for some customers and mounting financial pressure for others, according to JD Power’s 2026 U.S. Credit Card Satisfaction Study.