Personal income decreased in May

In testimony before House lawmakers, ABA EVP Hugh Carney outlined four key policy recommendations aimed at making financial regulations “more predictable, transparent and risk-focused while preserving the vibrancy and competitiveness of the American banking system.”

During a congressional hearing, House Republicans said onerous data collection requirements have redirected resources away from FinCEN’s core mission of fighting financial crimes, with Democrats alleging that the Trump administration has sought to undermine the federal government’s ability...

The OCC announced it has elevated its chartering and licensing function to signal support for the creation of new banks and a new receptiveness to bank mergers and stablecoin issuers.

The Small Business Optimism Index from the National Federation of Independent Business increased by 0.5 points in August to 100.8, nearly three points above the 52-year average of 98.

PNC Financial Services Group in Pittsburgh has agreed to buy FirstBank Holding in Lakewood, Colorado.

OFAC implemented sanctions against a network of alleged Southeast Asian scam centers that steal billions of dollars from U.S. residents using forced labor and violence.