Personal income increased in February
Personal income increased 0.3%, or $66.5 billion, in February, the Commerce Department said .
Newsbytes
CFPB warns against deceptive marketing in remittance transfer services
Remittance transfer providers may be held liable for deceptive marketing if they misrepresent to consumers the speed and cost of...
Proposed rule to require reporting of cyberattacks, ransomware payments
The Cybersecurity and Infrastructure Security Agency announced a notice of proposed rulemaking to implement a 2022 law requiring financial institutions...
FinCEN seeks comment on possible change to Customer Identification Data collection
FinCEN and federal banking agencies are seeking information regarding potentially allowing banks to collect only part of a Social Security...
Mortgage rates drop slightly
The rate for a 30-year fixed-rate mortgage averaged 6.79% this week, down from last week when it averaged 6.87%.
NAR: Pending home sales rose in February
Pending home sales increased 1.6% in February from the prior month, the National Association of Realtors said.
Fourth quarter GDP (Third Estimate) increases 3.4%
Real gross domestic product increased at an annual rate of 3.4% in the fourth quarter of 2023, according to the...
ABA urges Basel Committee to modify changes to cryptoasset standard
ABA said that while the Basel Committee is moving in the right direction in seeking to clarify its standard on...
ABA: Bank economists see recession risk declining
The U.S. economy is progressing along a soft-landing path, according to the latest forecast of ABA's Economic Advisory Committee.
ABA core provider survey cited in Kansas City Fed research brief
While the researchers do not draw any conclusions, they discuss evidence of how “potentially unfair” contract terms may contribute to...
