Labor Department finalizes amendments to QPAM exemption
The Department of Labor finalized its proposed amendments to prohibited transaction class exemption 84-14, better known as the QPAM exemption.
Newsbytes
ISM: Service sector expanded in March
The ISM services index decreased 1.2 percentage points (pp) to 51.4% - the 15th consecutive month of expansion for the...
FHFA regulatory interpretation aims to make Puerto Rico’s cooperativas part of FHLB system
Cooperativas are state-chartered financial institutions serving rural and low-income urban areas in Puerto Rico. Many of them are CDFIs.
Fed’s Bowman: Proposed bank merger reforms step in wrong direction
Recent proposals to reform the regulatory approval process for bank mergers and acquisitions may actually make the problem worse, as...
Bank survey: Middle-income Americans feeling more financially secure
Nearly three in four middle-income Americans say they are on the right track toward financial security, with concern about inflation...
Union State in Iowa to purchase Exchange State; Capital Bancorp to acquire IFH
Union State Bank in Greenfield, Iowa, has agreed to buy Exchange State Bank in Adair, Iowa.
Factory orders increase in February
New orders of manufactured goods increased $8.2 billion, or 1.4%, from the prior month to $576.8 billion in February, the...
New orders for manufactured goods increased in February
New orders for manufactured goods increased 1.4% to $576.8 billion in February, the U.S. Census Bureau reported today. This followed...
ABA, state associations urge CFPB to withdraw overdraft proposal
The associations noted that if finalized, the proposal would lead many banks to stop offering—or significantly reduce access to—overdraft, depriving...
Rosenkoetter tapped to lead ABA Card Policy Council
Thomas Rosenkoetter has been named executive director of the ABA Card Policy Council, which advocates on behalf of the nation’s...
