Real gross domestic product increased at an annual rate of 3.1% in the third quarter of 2024, according to the Commerce Department’s third estimate. GDP increased 3% in Q2. The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment. Imports, which are a subtraction in the calculation of GDP, were revised up.
FinCEN issues limited relief from Minnesota geographic targeting order
FinCEN provided tailored exemptive relief for banks related to a geographic targeting order imposing reporting requirements on financial institutions in Hennepin and Ramsey counties in Minnesota.










