According to news reports this morning, several ABA-opposed provisions are still in play as revenue-raising measures in the Senate’s highway spending reauthorization bill, even though the bill failed to advance on a procedural motion on Tuesday. The measures the industry objects to include a substantial cut to the dividends paid on Federal Reserve Bank stock to Fed member banks with over $1 billion in assets and an extended increase in the guarantee fees charged by Fannie Mae and Freddie Mac. ABA continues to urge bankers to call their senators opposing the measures.
Survey finds younger generations more likely to start building wealth at early age
Today’s young adults are beginning to build wealth years earlier than older generations did, but many of them still see homeownership as out of reach, according to a new survey by U.S. Bank.








