Personal income increased 0.6%, or $ 147.4 billion, in October, the Commerce Department said today. The personal savings rate — a percentage of disposable personal income — was 4.4%. Meanwhile, personal consumption expenditures increased 0.4%, or $72.3 billion.
ABA joined six associations to offer recommendations for lowering barriers to bank engagement with digital assets.
The CFPB has reached an agreement to end a lawsuit challenging its medical debt reporting rule by acknowledging the rule exceeded its authority.
FinCEN issued a finding and notice of proposed rulemaking targeting a Cambodian firm that allegedly acts as a conduit for laundering money obtained through romance scams and other cybercrimes.
The IRS published the inflation-adjusted contribution limits and high-deductible health plan requirements for 2026.
The rate for a 30-year fixed-rate mortgage was 6.76% this week. The rate for a 15-year fixed-rate mortgage was 5.92%.
U.S. manufacturing activity contracted for the second consecutive month in April, the Institute for Supply Management said.
