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SINTRA, Portugal—Federal Reserve Chairman Kevin Warsh used his appearance at the European Central Bank Forum on Central Banking to stress that the Fed will remain independent and committed to its 2% inflation target, even as President Trump continues pressing for lower rates, according to Reuters.

WASHINGTON—Americans continued shifting away from checks and cash in 2024, with the number of noncash payments climbing to a record 236.6 billion and credit card use growing faster than debit card transactions for the first time in nearly a decade, according to preliminary results from the Federal Reserve's 2025 Payments Study.

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WASHINGTON—The Independent Community Bankers of America is renewing its longstanding call for Congress and the Treasury Department to require federal credit unions to file IRS Form 990 information returns, arguing the alleged $95-million embezzlement at Jackson Area FCU demonstrates the need for greater transparency at tax-exempt institutions.