FinCEN severs MEXC crypto exchange from U.S. financial system
FinCEN labeled a convertible virtual currency exchange as a financial institution of primary money laundering concern, effectively severing its ties...
Newsbytes
Owen, Bowman discuss bank technology adoption, fighting fraud
As AI and other technologies evolve, banks need to adopt new technology in a responsible way that protects customers, and...
Fed: Consumer credit increased 4.2% in Q3
Consumer credit increased at a seasonally adjusted annual rate of 4.2% during the third quarter and rose 6.2% in September,...
Preliminary: Consumer sentiment rises in November
Consumer sentiment increased 6.3% month over month in November to 51, and was unchanged one year ago, according to preliminary...
ABA DataBank: Food and housing as a share of total annual spending near 2010 levels
Housing and food accounted for nearly 47% of total consumer expenditures in 2025, their highest combined share since 2010, in...
FinCEN, Fed withdraw proposal to lower international fund transfer recordkeeping threshold
FinCEN and the Federal Reserve are withdrawing a proposed rule that would have significantly shrunk the dollar threshold for banks...
Waters, Casten outline proposed agendas for House Financial Services Committee
Top Democrats on the House Financial Services Committee are pledging to place greater emphasis on housing policy and tackle financial...
ABA DataBank: Professional, business services jobs lead strong October report
Continued job growth, low unemployment and steady labor demand should support household income growth and consumer spending, providing a positive...
Mortgage rates inch down
The rate for a 30-year fixed-rate mortgage was 7.18% this week. The rate for a 15-year fixed-rate mortgage was 6.57%.
Banking agencies release CRA data on small-business, small-farm lending in 2025
A total of 720 lenders reported data about originations and purchases of small loans — $1 million or less —...
