ABA will tomorrow welcome a delegation of bankers from Minnesota, briefing them on current policy issues in conjunction with their meetings with public officials. ABA’s Washington Visit program brings more than 1,400 bankers to the nation’s capital each year to advocate for the industry.
The Senate voted in favor of legislation to establish a regulatory framework for payment stablecoins, with proposed amendments to establish routing mandates and interest rate caps for credit cards left out of the final bill.
The CFPB will issue an interim final rule today to push back by roughly a year the compliance dates for its small-business data collection requirements, according to a filing in the Federal Register.
The Senate Finance Committee released its reconciliation tax text that contains several differences from the version passed by the House, including changes to provisions related to the ACRE Act and the Section 199A passthrough business deduction.
Business inventories in April came in at $2.66 trillion, virtually unchanged from the month prior and up 2.2% from a year ago, the Commerce Department said.
Industrial production decreased 0.2% in May from the previous month, the Federal Reserve reported.
Builder confidence in the market for single-family homes in June was 32, down from 34 the previous month, according to the NAHB/Wells Fargo Housing Market Index.
