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Senate passes One, Big, Beautiful Bill; Treasury Secretary comments

U.S. Secretary of the Treasury Scott Bessent released a statement following the Senate's approval of the One, Big, Beautiful Bill Act.

Consultation launched on future of Australia's account-to-account payment systems

The Reserve Bank of Australia (RBA) and The Treasury have announced the release of a public consultation by Australian Payments Network and Australian Payments Plus.

NCUA liquidates Aldersgate Federal Credit Union due to insolvency

The National Credit Union Administration (NCUA) has liquidated Aldersgate Federal Credit Union in Marion, Illinois.

Anna Paulson begins role as president of Philadelphia Fed

Today marks the beginning of Anna Paulson's tenure as President and CEO of the Federal Reserve Bank of Philadelphia.

UC Berkeley analysis warns of impact from proposed Medicaid cuts on older workers

Proposed Medicaid cuts could significantly affect millions of older working-age Americans, according to a new analysis by the UC Berkeley Labor Center.

Gender Equity Center supports LGBTQ+ students with diverse programs at UC Berkeley

Joanna Villegas, the assistant director of student programs and leadership at the Gender Equity (GenEq) Resource Center, plays a pivotal role in supporting LGBTQ+ students at UC Berkeley.

Scientists suggest T. rex may have had feathers; new insights challenge old depictions

For years, the depiction of the Tyrannosaurus rex as a swift predator dominated popular culture.

FDIC releases enforcement actions for May 2025

The Federal Deposit Insurance Corporation (FDIC) has released a list of administrative enforcement actions taken in May 2025.

Federal agencies issue exemption order for customer identification program requirements

The Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, and the National Credit Union Administration have issued an order exempting certain requirements of the Customer Identification Program (CIP) Rule.

Regulatory agencies seek input on modifying certain capital standards

The federal bank regulatory agencies have issued a request for public comment on a proposal aimed at modifying certain regulatory capital standards.

Coleman County State Bank acquires deposits after Santa Anna National Bank closure

The Office of the Comptroller of the Currency (OCC) closed The Santa Anna National Bank in Santa Anna, Texas, today.

Study finds confusion but hope in US views on democracy

A recent report from UC Berkeley reveals a complex picture of the American public's perception of democracy.

Treasury Department announces key senior appointments

The U.S. Department of the Treasury has announced several new appointments to senior positions, as confirmed by Secretary of the Treasury Scott Bessent.

G7 addresses global minimum tax concerns with proposed 'side-by-side' solution

Earlier this year, the U.S. Secretary of the Treasury expressed concerns regarding the Pillar 2 rules agreed upon by the OECD/G20 Inclusive Framework on BEPS.

Reserve Bank of Australia seeks input on clearing and settlement resolution regime

The Reserve Bank of Australia (RBA) has issued a consultation paper regarding proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime.

Butler Heritage FCU liquidated; Cincinnati Ohio Police FCU assumes membership

The National Credit Union Administration (NCUA) has facilitated a partial purchase and assumption agreement between Butler Heritage Federal Credit Union (FCU) in Middletown, Ohio, and the Cincinnati Ohio Police Federal Credit Union (COPFCU).

NCUA prohibits two individuals from working with federally insured institutions

The National Credit Union Administration (NCUA) has issued two prohibition orders in June 2025.

Housing affordability crisis addressed at Fed’s ‘State of Nation’s Housing’ event

Home prices across the United States have increased by more than 60% since 2019, reaching a median price of $412,500 for a single-family home in 2024.

Agencies release list of distressed nonmetropolitan geographies for CRA credit

Federal bank regulatory agencies have published the 2025 list of distressed or underserved nonmetropolitan middle-income geographies.

Treasury acts against Mexican banks linked to fentanyl trafficking

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has taken decisive action against three financial institutions in Mexico, marking the first use of powers granted under the Fentanyl Sanctions Act and the FEND Off...