ABA, Trade Groups Push for FHA Roadmap on Replacing Libor
The American Bankers Association and a coalition of trade groups today—in response to an advanced notice of proposed rulemaking by...
Newsbytes
OCC: Operational, Strategic Risk Elevated; Banks Remain Resilient
In its Semiannual Risk Perspective Report, the OCC flagged operational and strategic risk as being elevated, with banks continuing to...
ABA Supports Strengthening CDFI Fund’s Small Dollar Loan Program
In a comment letter submitted on Friday, the American Bankers Association expressed support for strengthening the Community Development Financial Institutions...
ARRC Recommends SOFR Fallbacks for 1-Week, 2-Month Libor Contracts
As required by state laws passed in New York and Alabama, the Alternative Reference Rates Committee published a statement today...
ABA Data Bank: OECD 2022 Inflation Forecast Rises for Advanced Economies
With the Omicron variant adding to the already high levels of uncertainty, the OECD in December raised its 2022 inflation...
New Orders for Manufactured Goods Increase in October
New orders for manufactured goods in October, up seventeen of the last eighteen months, increased $5.1 billion or 1.0% to...
ISM: Service Sector Grows in November
The ISM Services Index registered 69.1% in November; 2.4 percentage points higher than the October reading of 66.7%. This reading...
210,000 Jobs Added in November, Unemployment Rate at 4.2%
Total nonfarm payroll employment rose by 210,000 in November, according to the Bureau of Labor Statistics. Total unemployed persons fell...
Quarles Calls for ‘Further Calibration’ of Leverage Capital Standards
In a lengthy farewell speech today as his tenure on the Federal Reserve Board of Governors comes to a close,...
Sen. Boozman Criticizes ‘Misguided’ Postal Banking Pilot
Attempts by the U.S. Postal Service to expand its offerings to include financial services at a time when improvements to...
