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Monday, November 4, 2019   (0 Comments - view/add)
ABA Submits Brief Supporting Banks' Ability to Defend Against Class Actions »
ABA and the Bank Policy Institute on Thursday filed a friend-of-the-court brief with the U.S. Supreme Court weighing in on...
Monday, November 4, 2019   (0 Comments - view/add)
Warren's candidacy concerns the financial industry »
Sen. Elizabeth Warren's rise among presidential candidates has concerned some in the financial industry. The Democratic se...
Monday, November 4, 2019   (0 Comments - view/add)
Kudlow praises economy, shuts down reports of replacing Powell »
White House economic adviser Larry Kudlow said "monetary policy is in a much better direction now" and said the Trump admi...
Monday, November 4, 2019   (0 Comments - view/add)
US federal debt is more than $23T »
For the first time, the federal government's public debt has exceeded $23 trillion, data from the Treasury Department show...
Monday, November 4, 2019   (0 Comments - view/add)
Moody's: Forgiving student loans could create problems in the long run »
Forgiving the $1.5 trillion in student debt would millions to the GDP over a 10-year period but could be a "moral hazard"...
Thursday, October 31, 2019   (0 Comments - view/add)
CFPB stands by proposed changes to small-dollar lending »
Despite pressure from Congress, the Consumer Financial Protection Bureau has not indicated it will change its position on...
Thursday, October 31, 2019   (0 Comments - view/add)
Study: Gen Z, millennials trust banks more than older generations »
Gen Z and millennials reported more trust in financial instutions than Gen X and Baby Boomers, according to a survey condu...
Thursday, October 31, 2019   (0 Comments - view/add)
Dollar Thresholds for Exempt Transactions Increase »
Financial regulators yesterday announced that the dollar threshold at which higher-priced mortgages become subject to requ...
Thursday, October 31, 2019   (0 Comments - view/add)
NCUA’s Harper Seeks Comments on Proposal for Consumer Compliance Exams »
As part of the National Credit Union Administration’s 2020-21 budgeting process, NCUA Board Member Todd Harper is requesti...
Thursday, October 31, 2019   (0 Comments - view/add)
FOMC Announces Third Rate Cut of 2019 »
The Federal Open Market Committee announced yesterday that it would cut interest rates for the third time this year. The c...
Thursday, October 31, 2019   (0 Comments - view/add)
ABA, U.S. Chamber Foundation Announce Partnership to ‘Hire Our Heroes’ »
ABA yesterday announced a new partnership with the U.S. Chamber of Commerce Foundation intended to expand hiring...
Wednesday, October 30, 2019   (0 Comments - view/add)
FDIC’s Consumer News Offers Tips for Mobile Banking Security »
The latest issue of the FDIC’s Consumer News publication provides security tips for money transfer services, remote deposi...
Wednesday, October 30, 2019   (0 Comments - view/add)
USDA Releases Interim Final Rule Providing Clarity on Hemp Production »
The United States Department of Agriculture yesterday issued a long-awaited interim final rule establishing new regulation...
Wednesday, October 30, 2019   (0 Comments - view/add)
Powell's messaging on interest rates to draw scrutiny »
The market expects the Federal Reserve to make another quarter-percentage-point interest-rate cut during a meeting today,...
Wednesday, October 30, 2019   (0 Comments - view/add)
Clearing House payment network adds 15 banks »
Fifteen small banks have joined The Clearing House's real time payments network, which is overseen by a group of larger ba...
Wednesday, October 30, 2019   (0 Comments - view/add)
Editorial: Supreme Court should declare the CFPB unconstitutional »
The Consumer Financial Protection Bureau is funded by the Federal Reserve and does not answer to anyone, including Congres...
Wednesday, October 30, 2019   (0 Comments - view/add)
Research: Finance industry front-runner in move toward D&I »
Banks and insurers are ahead of other S&P 500 sectors in promoting workplace diversity and inclusion, according to Wal...
Tuesday, October 29, 2019   (0 Comments - view/add)
ABA Seeks Clarity on Effective Date for Tailoring Final Rules »
ABA on Friday wrote to the heads of the Federal Reserve, FDIC and OCC requesting clarity on the effective date of recently...
Tuesday, October 29, 2019   (0 Comments - view/add)
FinCEN Designates Iran as ‘Primary Money Laundering Concern’ »
The Financial Crimes Enforcement Network on Friday issued a final rule imposing a fifth special measure against Iran as a...
Tuesday, October 29, 2019   (0 Comments - view/add)
ABA Urges Bankers to Submit Feedback on National Rate Cap to FDIC »
With the Nov. 4 comment letter deadline for the FDIC’s proposed changes to the national rate cap calculation fast approach...
Tuesday, October 29, 2019   (0 Comments - view/add)
GSEs to Prepare for Exit from Conservatorship Under New FHFA Strategic Plan »
The Federal Housing Finance Agency yesterday released its updated strategic plan for Fannie Mae and Freddie Mac, outlining...
Tuesday, October 29, 2019   (0 Comments - view/add)
HUD, DOJ Clarify Procedures for Handling False Claims Act Violations »
In a significant move that could encourage more banks to engage in Federal Housing Administration lending, the Department...
Tuesday, October 29, 2019   (0 Comments - view/add)
Morning Consult Poll: Banks Notch Top Approval Ratings from Consumers »
Nine in 10 American consumers say they are satisfied or very satisfied with their primary bank, according to the results o...
Tuesday, October 29, 2019   (0 Comments - view/add)
ABA Issues Principles for Strong Relationships Between Banks, Core Providers »
As part of ABA’s ongoing work to strengthen the relationship between banks and their core providers so banks can deliver t...
Tuesday, October 29, 2019   (0 Comments - view/add)
Fed proposes changes to rules on banks' upfront margin »
The Federal Reserve has proposed modifying post-crisis rules regarding when banks must post upfront margin on derivatives...
Friday, October 25, 2019   (0 Comments - view/add)
Economists: Fed likely to ease off after next rate cut »
A poll shows 85% of economists expect the Federal Reserve to reduce interest rates by a quarter percentage point next week...
Friday, October 25, 2019   (0 Comments - view/add)
Reports provide evidence of global economic slowdown »
A composite Purchasing Managers' Index from IHS Markit shows a decline in business activity worldwide, with a slight decre...
Friday, October 25, 2019   (0 Comments - view/add)
Branches still preferred over digital, survey says »
Branches are still preferred by customers when opening new banking accounts, with 71% of US-based internet users going to...
Friday, October 25, 2019   (0 Comments - view/add)
Fiserv adding online bill paying, real-time payments »
Fiserv is updating its bill payment technology and launching CheckFree Next, a service that includes payment reminders and...
Friday, October 25, 2019   (0 Comments - view/add)
CFPB to Host Symposium on Dodd-Frank Act Section 1071 »
The Consumer Financial Protection Bureau will hold a symposium on Section 1071 of the Dodd-Frank Act, which amended the Eq...
Friday, October 25, 2019   (0 Comments - view/add)
Four U.S. Regulators to Join Global Financial Innovation Network »
The FDIC, OCC, SEC and CFTC yesterday announced that they would join the Global Financial Innovation Network. The network...
Friday, October 25, 2019   (0 Comments - view/add)
ABA, Trade Groups Provide Recommendations on NIST’s Draft Privacy Framework »
ABA joined the Bank Policy Institute and the Securities Industry and Financial Markets Association in a comment letter to...
Friday, October 25, 2019   (0 Comments - view/add)
Ex-Im Chairman to Bankers: ‘Our Job is to Help You Be Successful’ »
U.S. Export-Import Bank Chairman Kimberly Reed (pictured at right) said yesterday that she is currently in the process of...
Friday, October 25, 2019   (0 Comments - view/add)
Nichols Op-Ed: California Public Banks Would Be ‘Solution in Search of a Problem’ »
In a San Francisco Chronicle op-ed yesterday, ABA President and CEO Rob Nichols warned that California’s municipalities sh...
Thursday, October 24, 2019   (0 Comments - view/add)
FTC Finds Fraud-Related Losses Up Among Older Consumers »
Consumers aged 60 and older lost nearly $400 million to fraud in 2018, according to a report submitted to Congress last we...

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