News published on Monetary Brief in June 2025

News from June 2025

Treasury backs new international payment norms amid efforts against illicit finance

On June 13, the Financial Action Task Force (FATF) concluded its joint plenary with MONEYVAL in Strasbourg, France.

Global bank enhances wealth management through AI collaboration with Moody's

A global financial institution headquartered in Europe has collaborated with Moody's to enhance its wealth management operations.

Federal Reserve issues orders against former bank employees

The Federal Reserve Board has announced enforcement actions against two former bank employees.

NCUA liquidates Soul Community Federal Credit Union due to insolvency

The National Credit Union Administration (NCUA) has liquidated Soul Community Federal Credit Union, located in Austell, Georgia.

Banks urged to ensure high-quality data for effective AI deployment

Artificial intelligence (AI) is increasingly being adopted in the banking sector, but experts caution that without high-quality data, these initiatives may not yield the desired results.

Berkeley professor reflects on Pride Month amid rising anti-LGBTQ legislation

Noah Whiteman, a biology professor at the University of California, Berkeley, is reflecting on the meaning of LGBTQ Pride Month.

Secretary Bessent discusses economic initiatives before House Ways and Means Committee

Chairman Smith, Ranking Member Neal, and members of the committee, Secretary Scott Bessent expressed gratitude for the opportunity to speak before the House Ways and Means Committee.

Improving psychological treatments by addressing memory gaps and habit formation

Allison Harvey, a psychology professor at UC Berkeley, recently completed an 11-week course on parenting techniques.

IBM survey reveals challenges faced by CMOs in adopting AI

A recent study by the IBM Institute for Business Value highlights the challenges Chief Marketing Officers (CMOs) face in leveraging artificial intelligence (AI) for business growth.

Understanding how the IRS influences distinctions between religions and cults

The distinction between a cult and a religion in the United States often hinges on the Internal Revenue Service (IRS), according to UC Berkeley Professor Poulomi Saha.

AI tools enhance fan engagement at Wimbledon 2025

The All England Lawn Tennis Club and IBM have introduced new AI-driven features to enhance fan engagement during Wimbledon 2025.

Treasury Secretary supports Senate's new tax relief bill

U.S. Secretary of the Treasury Scott Bessent has expressed support for the Senate's introduction of the One, Big, Beautiful Bill Act.

Federal bank regulators seek public input on addressing payments and check fraud

The federal bank regulatory agencies have issued a request for public comment on measures to address payments fraud, with an emphasis on check fraud.

Fed maintains interest rates amid ongoing economic expansion

Recent indicators suggest that economic activity in the United States has continued to expand at a solid pace, despite fluctuations in net exports.

Federal Reserve releases economic projections from June FOMC meeting

The Federal Reserve Board and the Federal Open Market Committee have released economic projections from their meeting held on June 17-18.

NCUA places Aldersgate Federal Credit Union under conservatorship

The National Credit Union Administration (NCUA) has placed Aldersgate Federal Credit Union, located in Marion, Illinois, into conservatorship.

Bank of Canada maintains interest rate amid persistent trade uncertainties

The Bank of Canada's Governing Council convened in late May 2025 to deliberate on the country's monetary policy, ultimately deciding to maintain the policy interest rate at 2.75%.

Moody's discusses strategy amid uncertainty in commercial real estate lending

In a recent episode of Moody’s Practical CRE, Clara Sierra hosted Blake Coles and Chris Stanley to discuss the current state of commercial real estate (CRE) lending.

Data management frameworks: strategies for success in today's digital age

In the current landscape, effective data management is essential for organizations aiming to improve decision-making, regulatory compliance, and customer experience.

Federal bank regulators seek public input on addressing payments and check fraud

The federal bank regulatory agencies have issued a request for public comment on potential measures to help reduce the risk of payments fraud, with a particular emphasis on check fraud.