Personal income rose 0.5% or $116.8 billion in March, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 3.9%. Meanwhile, personal consumption expenditures increased 0.7%, or $ 134.5 billion.
FinCEN released an FAQ on a geographic targeting order targeting multiple counties and ZIP codes in four states along the Southwest U.S. border.
Sales of new single-family houses in January were at a seasonally-adjusted annual rate of 587,000, which was 17.6% below the December rate and 11.3% below the January 2025 rate.
The rate for a 30-year fixed-rate mortgage was 6.22% this week. The rate for a 15-year fixed-rate mortgage was 5.54%.
The FDIC board rescinded a 2009 policy that prevented private equity firms and other nonbanks from bidding on failed banks.
Banking regulators advanced three proposed rules to lower capital requirements for banks of all sizes as part of an effort to boost lending activity.
To drive growth in 2026, nearly three in four community banks are exploring expansion within their current markets, while half plan to use new technologies such as artificial intelligence to reduce costs, according to ABA’s Community Bank CEO...
