Retail and food service sales for July were $726.3 billion, up 0.5% from the previous month, the Commerce Department said in its advance estimate. Sales were up 3.9% from a year ago. Excluding automobiles and gasoline, sales were up 0.2% from the previous month and up 4.4% from last year.
House passes bills to streamline community bank reg burden
The TRUST Act and SMART Act would raise the threshold to $6 billion in assets for well-managed, well-capitalized banks to have less frequent exams, as well as streamlining the exam experience for qualifying banks under that threshold.









