Former lieutenant governor to lead Iowa Bankers Association

By drawing on the regulatory lessons learned from MMFs, policymakers can get ahead of the curve with sensible, risk-based safeguards for stablecoins.

ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements, including exempting banks from the definition of “beneficial owner.”

The Consumer Confidence Index was 98 in May, up from 85.7 in April, the Conference Board said.

Home prices increased 3.4% in March compared to the same month a year ago, down from a 4% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.

New orders for manufactured durable goods decreased $19.9 billion or 6.3% in April to $296.3 billion, the U.S. Census Bureau said in its most recent advance report.

Hometown Financial Group to buy CFSB Bancorp. BancFirst has agreed to buy American Bank of Oklahoma.