Personal income increased 0.2%, or $50.5 billion, in August, the Commerce Department said. The personal savings rate—a percentage of disposable personal income—was 4.8%.
Consumer inflation expectations in February declined at the short-term horizon and remained unchanged at the medium- and longer-term horizons, the Federal Reserve Bank of New York reported in its most recent Survey of Consumer Expectations.
The Treasury Department recently announced the publication of three reports on efforts to combat financial crimes. It also released a report to Congress on technologies that financial institutions use to counter illicit finance involving digital assets.
The Federal Financial Institutions Examination Council recently announced that it has removed all references to reputational risk in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.
The White House released its strategy for securing the nation’s infrastructure and private sector against cyber threats.
President Trump signed an executive order directing federal law enforcement agencies to develop tools to better combat transnational criminal organizations responsible for cyber scams and fraud, and to establish a program to return seized or forfeited funds from...
The IRS issued proposed regulations for opening “Trump Accounts” for children and regarding a pilot program for contributing to the accounts.
