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Tacking affordability starts with the cost of credit — and future capital rules can help.

In his second day of congressional testimony, Treasury Secretary Scott Bessent said he will work to ensure there is “no deposit volatility” associated with a market structure bill for digital assets currently before Congress.

The ABA Foundation unveiled a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial institutions can drive meaningful economic and community impact in the decades ahead.

Softening of the labor market could contribute to tempered wage growth and sustained unemployment, possibly leading to increased consumer delinquencies, according to ABA economists.  

Major tech platforms make billions of dollars from scammers who advertise on their sites, according to reporting from Reuters, and there’s not much incentive for them to change their practices — yet.

Santander has agreed to buy Webster Bank. Also, Prosperity Bancshares has agreed to buy Stellar Bancorp in Houston.