Federal Reserve Board

Rule Changes

Joined FinCEN in withdrawing the 2020 travel-rule proposal on Nov. 6, 2026; the notice is scheduled for Federal Register publication Nov. 9

The Treasury Department's Financial Crimes Enforcement Network and the Federal Reserve Board have dropped a six-year-old plan to require banks and money services businesses to collect identity data on international transfers of $250 or more. The threshold stays at $3,000, where it has been since 1995.

Updated 4 days ago

Money Moves

As of May 2026: Employer of co-author Larrimore; published earlier working paper

American millennials at ages 36 to 40 earn 20 percent more in real household income than Generation X did at the same age. That finding, published April 24 in the journal Demography, contradicts a decade of writing that argued each new generation was losing ground.

Updated May 31