Elevated inflation will continue to weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth, ABA economists said. This could be a headwind for loan demand, particularly for interest rate sensitive products such as...
The NFIB Small Business Optimism Index rose 2.1 points in June to 97.4, just below the survey's 52-year average of 98.0, beating expectations of 95.8. ABA economists view the June rebound as an encouraging development for commercial and...
In a joint letter to Senate leaders, ABA, ICBA and 76 state associations representing thousands of community financial institutions across the U.S. expressed genuine concerns with the Clarity Act and urged targeted changes to provide greater certainty that...
ABA expressed support for the Common Cents Act, which renews calls for officially halting the production of the U.S. penny for general circulation.
Lending to individuals who are not legally authorized to work in the U.S. may present elevated credit risk to financial institutions, the FDIC, OCC and National Credit Union Administration said in joint guidance.
The CFPB has temporarily halted plans to shrink its current workforce by more than half until a new bureau director is in place, according to a court filing.
