RTP network surpasses 2M single-day payments

If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds will no longer support local lending in the way they previously did, ABA Chair Kenneth Kelly said in...

The ABA Health Savings Account Council voiced its support for legislation that would allow working seniors on Medicare to contribute to HSAs.

New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6 billion, the U.S. Census Bureau reported. This followed a 0.2% decrease in June.

The nonfarm private sector added 38,000 jobs in August, and annual pay was up 4.7% year-over-year, according to the ADP National Employment Report. This follows an upwardly revised July report of 46,000 from 44,000.

FinCEN reissued a geographic targeting order targeting multiple counties and ZIP codes in two states along the Southwest U.S. border. 

Overall economic activity increased modestly since early July, with 10 of the 12 Federal Reserve Districts reporting growth in the slight to moderate range and two districts reporting no change, the Fed said in the sixth Beige Book...