Housing Starts Increase in February
Housing starts were at a seasonally adjusted annual rate of 1.769 million in February, according to the U.S. Census Bureau....
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Industrial Production increases in February
Industrial production increased 0.5% in February after increasing 1.4% in January. Total industrial production in February was 7.5% higher than...
Banking Committee Clears Nominees for Fed Board, FHFA
The Senate Banking Committee tonight approved President Biden’s Federal Reserve nominees.
ABA Raises Concerns With Treasury’s Emergency Capital Investment Program
The American Bankers Assocaition raised concerns today regarding documentation for the Treasury Department’s Emergency Capital Investment Program, a program aimed...
FinCEN Takes Additional Steps to Hinder Sanctioned Russian Elites
The Financial Crimes Enforcement Network today issued an alert reminding financial institutions of the importance of identifying and quickly reporting...
Retail Sales Increase in February
There were $658.1 billion in retail and food service sales in February, an increase of 0.3% from the previous month,...
Home Builder Confidence Falls in March
The National Association of Home Builders/Wells Fargo Housing Market Index decreased two points to 79 in March. “While builders continue...
OCC Finalizes Rule Allowing Exemptions from SAR Requirements
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the OCC finalized a rule that would...
FOMC: Federal Reserve Announces First Interest Rate Hike Since 2018
The Federal Reserve will raise the interest rates by a quarter of a percentage point to a target range of...
GAO: Regulators Lack ‘Outcome-Oriented Measures’ in Assessing Efforts to Increase Banking Access
A recent report issued by the Government Accountability Office found that some banking regulators lack “outcome-oriented measures” in assessments of...
