Is the Fed leaking info to China? DC isn't concerned.

After a senator's report accusing China of trying to steal information from the Fed by exploiting employees who are tied to the country's Thousand Talents program, official Washington has mostly been indifferent. Read more: Washington shrugs report of Chinese informants at the Fed.

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For more news about banking, fintech, credit unions, regulation and payments, see what else we're covering:

SoFi's CEO says there is no 'better time' to be a bank: The San Francisco fintech collected $1.6 billion in deposits during the second quarter after buying a small bank earlier this year. Though SoFi pays relatively high rates to its depositors, CEO Anthony Noto said the company's funding costs are far lower than they were before the bank acquisition.

USAA sues Truist over patented mobile check deposit technology: The bank and insurance company for military members accused Truist Financial of infringing on the technology it claims it invented: which allows the use of regular mobile devices to capture and transmit checks.

4 things bankers need to know about phishing: In the lead-up to a data breach, phishing is second only to use of stolen credentials in terms of how attackers infiltrate institutions. Here's what else you need to know.

BankThink: CFPB should write a data sharing rule that can evolve with the market: The agency must take a principles-based approach rather than trying to cover every possible issue in detail, write two former CFPB officials.