Bank survey: Family-owned businesses more optimistic in 2024
Family-owned businesses have grown increasingly optimistic regarding their strength and are focused on recruiting and retaining employees, according to a new survey by First Bank.
Family-owned businesses have grown increasingly optimistic regarding their strength and are focused on recruiting and retaining employees, according to a new survey by First Bank.
ABA joined the U.S. Chamber of Commerce and 13 other trade associations in opposing legislation that would make it more difficult for banks and other businesses to contact their customers under the Telephone Consumer Protection Act and could encourage abusive lawsuits.
Existing-home sales surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million, according to the National Association of Realtors.
Agricultural loan demand increased in 2023 and agricultural lending by U.S. farm banks grew 6.7% to $110.0 billion, according to ABA’s annual Farm Bank Performance Report.
The FDIC will pursue potential changes to how the agency will evaluate bank merger applications, including broadening the number of competitive factors it will consider in reviews.
FHFA will have data on the Vantage score 4.0 model out by the middle of this year and the FICO 10T model shortly thereafter.
The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5.25% to 5.5%.
A Federal Reserve proposal to revise Regulation II to cut debit card interchange fees by as much as 30% would be a mistake that will likely hurt small banks, Sen. Jon Tester (D-Mont.) said during ABA’s Washington Summit.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Alaska affected by a severe storm, landslides and mudslides.
Speaking at the 2024 ABA Washington Summit, Sen. Katie Britt (R-Ala.) expressed concern about the “aggressive agenda” being pushed by the Biden administration, which has included a number of regulations targeting the nation’s banks.