CFPB Extends Oversight to Nonbank Auto Lenders

In a Sunday letter to bank CEOs, ABA President and CEO Rob Nichols urged bank leaders across the country to join an industry-wide effort to convince senators to improve digital asset market structure legislation before a key committee...

ABA and a coalition of financial trade associations asked the Senate Banking Committee to refine the proposed payment stablecoin yield language in the Clarity Act, which prohibits crypto platforms from paying interest or yield to bank deposits on...

Despite reporting that the banking sector remains sound overall, the Fed said that more respondents in recent outreach noted risks associated with geopolitical tensions, oil prices and AI.

ABA and other financial trade groups welcomed the opportunity to resume their legal challenge to IFPA in district court, arguing that it conflicts with federal law and that the OCC’s recent interim final actions directly address the core...

Airline ticket prices are rising sharply as a result of higher fuel costs. Not only are carriers increasing fares, many are cutting flights and reducing services.

This month’s job gain is evidence of a strengthening jobs market that withstood high energy costs and geopolitical uncertainty. The latest job market strength should support consumer loan demand and credit quality in the near future, ABA economists...