ABA Supports Bills on Rural Designations, SEC Registration Threshold

Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot of work to do on both sides of the aisle. Agriculture issues should see movement in new Congress.

The rate for a 30-year fixed-rate mortgage was 6.78% this week. The rate for a 15-year fixed-rate mortgage was 5.99%.

The Federal Open Market Committee can take its time lowering rates given the strength of the U.S. economy, Federal Reserve Chairman Jerome Powell said.

Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according to Federal Reserve data, which also showed strong growth in mobile wallet payments.

With many provisions of the 2017 Tax Cuts and Jobs Act expiring at the end of next year and tax policy changes able to be passed on a simple-majority basis through budget reconciliation, bankers can expect to see...

The Mission Driven Bank Fund announced the appointment of its inaugural Mission Advisory Committee, comprised of seven industry leaders with expertise and experience in minority depository institutions and community development financial institutions.