Trump nominates Bessent as Treasury Secretary
President-elect Trump on Friday nominated hedge fund manager Scott Bessent as Treasury Secretary. Bessent is the founder of investment firm...
Newsbytes
Fed financial stability report: Bank system remains resilient
The U.S. banking system remained sound and resilient, with regulatory capital ratios approaching or exceeding historical highs, the Federal Reserve...
FedNow grew to $17.5B in transactions in third quarter 2024
The FedNow instant payments service saw nearly $17.5 billion in transactions in the third quarter of the year, up from...
ABA DataBank: Thanksgiving dinner costs decline for second year
The average cost of this year's classic holiday feast is $58.08, a decline of 5% from 2023. Still, a Thanksgiving...
Federal Reserve announces 2025 pricing for payment services
The Federal Reserve announced 2025 pricing for payment services the Federal Reserve Banks provide to banks and credit unions, with...
Final: Consumer sentiment increased 2.5 points in November
The University of Michigan Consumer Sentiment Index rose 1.8% in November compared to the month prior, landing at 71.8, according...
ABA survey: Mobile apps most popular tool to manage bank accounts
More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according...
Federal report identifies CRE, cybersecurity as financial stability risks
Commercial real estate and cybersecurity risks remain potential vulnerabilities for the U.S. financial system, the Office of Financial Research said...
CFPB finalizes rule to regulate nonbank payments providers
The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but...
Gensler to exit SEC on Jan. 20
The Securities and Exchange Commission announced that Chairman Gary Gensler will step down from the commission on Jan. 20, 2025.
