In a letter to senators, ABA highlighted recent FDIC documentation showing that regulators discouraged banks from fully engaging with digital assets, stressing that such a decision should be left to banks.
IRS COO Melanie Krause will become acting IRS commissioner following the retirement of current Acting Commissioner Doug O’Donnell. President Trump has nominated former Rep. Billy Long (R-Mo.) to be IRS commissioner.
In a court filing, the Trump administration said it does not plan to eliminate the CFPB but instead transform it into a more streamlined agency.
The banking industry reported an aggregate net income of $66.8 billion in the fourth quarter of 2024, according to the FDIC’s most recent Quarterly Banking Profile. In addition, the agency ended reporting of the aggregate assets of institutions...
Bank acquisitions announced by Old Second Bancorp in Aurora, Illinois, Yoakum National BancShares in Yoakum, Texas, and Rio Financial Services in McAllen, Texas.
The Consumer Confidence Index was 98.3 in February, down seven points from the previous month, the Conference Board said.
