M&A News: TowneBank expands in Virginia

House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) asked the Kansas City Fed to provide more information about its decision to grant a cryptocurrency firm a “limited-purpose” master account.

The University of Michigan Consumer Sentiment Index decreased 5.8% in March compared to the month prior, landing at 53.3, according to final results for the month. Sentiment was down 6.5% year over year.

While overall customer satisfaction with retail banks has remained steady, a growing number of customers are moving money away from their primary bank, according to a recent survey by J.D. Power.

Financial asset performance since the beginning of March highlights broad pressure across traditional safe havens. Gold and U.S. Treasury prices have declined, while the dollar posted modest gains against other currencies of roughly 2%

The Federal Trade Commission sent letters to four payment service providers to warn them from engaging in alleged “debanking” activities.

Nearly a year after the Government Accountability Office proposed a government-wide strategy for countering scams, most agencies have either not implemented its recommendations or said they disagreed with some of the conclusions, according to a recent update to...