FDIC releases 2024 Summary of Deposits data

ABA joined other financial sector associations to release a guide for financial institutions in determining which data shared with federal regulators should be subject to heightened security standards, as the banking agencies recently announced new policies for handling...

An up-to-date simulation incorporating more current data may allow the FDIC to meet its goals of covering the industry with a different ratio.

The rate for a 30-year fixed-rate mortgage was 6.58% this week. The rate for a 15-year fixed-rate mortgage was 5.96%.

The Federal Communications Commission has published an advisory warning consumers about bank impersonation scams and offering tips for avoiding them.

Brian Johnson, the nominee to lead the CFPB, told lawmakers that he would promote accountability at the agency by ensuring it acts within statutory limits, and that he would keep an “open mind” about the bureau’s staffing.

A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration of deposits from federally insured financial institutions to cryptocurrency platforms that don’t offer lending, the U.S. Hispanic Chamber...