Weekly Infobyte: Nearly One-Third of Bank Customers Use Nonbank Fintech Apps

An FDIC interim final rule updating its reciprocal deposit regulations provides helpful clarifications that simplify compliance for banks, ABA said in a letter to the agency.

FinCEN issued an alert and proposed new rulemaking to designate transactions to the Russia-linked A7 Network as transactions of primary money laundering concern, with Iranian actors allegedly using the network to evade sanctions.

The Senate passed by voice vote a bill to ensure that robberies of off-site ATMs carry the same legal consequences as bank robberies.

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The rate for a 30-year fixed-rate mortgage was 7.28% this week. The rate for a 15-year fixed-rate mortgage was 6.6%.

Q2 trading revenue was $5.3 billion, or 32.5%, more than in the previous quarter and $5.1 billion, or 30.6%, more than a year earlier.