Advanced search


 

WASHINGTON— The Federal Reserve has proposed changes to its anti-money laundering (AML) requirements that would shift banks toward a more risk-based approach, directing compliance resources toward higher-risk customers and activities while easing the emphasis on technical program deficiencies.

Screenshot 2026-07-08 080638

9988998899888

JACKSON, Miss.— A federal judge has ordered a sweeping asset freeze against former Jackson Area Federal Credit Union CEO Leigh Bridges, her husband Chad Bridges and former branch manager Tina Funez, barring them from moving or disposing of assets as the NCUA pursues its civil lawsuit seeking to recover approximately $95 million allegedly misused from the credit union, according to WLBT.

WASHINGTON— Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, is urging Citigroup to abandon any plans for a major acquisition, arguing the bank's size, compliance record and history of taxpayer support make it unfit to further expand through mergers.

MCLEAN, Va.— Mortgage rates edged higher this week but remained in the mid-6% range, with the average rate on a 30-year fixed-rate mortgage climbing to 6.49%, according to the latest weekly survey from Freddie Mac.

Screenshot 2026-07-09 131907