Personal income increased 0.3%, or $75.1 billion, in July, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 2.9%. Meanwhile, personal consumption expenditures increased 0.5%, or $103.8 billion.
FDIC surveys banks on anti-money laundering compliance costs
The FDIC has launched a survey on the costs of compliance with anti-money laundering and countering the financing of terrorism regulations, according to a notice published in the Federal Register.