M&A News: Thumb Bancorp to buy Exchange State in Michigan

The FDIC is considering guidance on tokenized deposit insurance for banks that want to explore the option, and the agency plans to issue a proposal later this year to establish an application process for stablecoin issuers, FDIC Acting...

U.S. auto loans 90-plus days past due have reached 5.02%, with many borrowers owing more than their cars are worth and facing interest rates up to 30%, making it hard to catch up once behind.

About 9.1 million small-business loans totaling nearly $276.6 billion were reported in 2024. As for small-farm loans, about 197,000 small-farm loans were reported for 2024, totaling about $14.5 billion.

The rate for a 30-year fixed-rate mortgage was 6.24% this week. The rate for a 15-year fixed-rate mortgage was 5.49%.

The Treasury Department announced a joint effort with Mexico to target several Mexico-based gambling establishments involved in alleged cartel-related money laundering and other criminal activities.

The Financial Accounting Standards Board published an accounting standards update that improves the accounting for purchased loans, according to a statement from the standard-setting body.