Senate Panel Advances SEC, Treasury, FDIC Nominees

The Federal Reserve has joined other banking agencies in allowing banks to collect taxpayer identification number information from third parties rather than directly from bank customers when opening accounts.

The rate for a 30-year fixed-rate mortgage was 6.72% this week. The rate for a 15-year fixed-rate mortgage was 5.85%.

Personal income increased 0.3%, or $74.1 billion, in June, the Commerce Department said. The personal savings rate was 4.5%.

A bipartisan group of senators and House lawmakers introduced a bill to create regulatory “sandboxes” for artificial intelligence test projects at financial regulatory agencies.

For young adults, having friends and a social life often comes with a high price tag, according to a new survey by Ally Bank.

A White House task force released a report on strategies to strengthen U.S. leadership in digital assets, including policy recommendations for expanding banking access for cryptocurrency activities.