ABA Seeks Additional Flood Insurance Guidance

As more older Americans are major targets for criminals, Safe Banking for Seniors is an effective program to inform and defend against targeted scams.

ABA shared several possible reforms for the Dodd-Frank Act as the law approaches the 15th anniversary of its enactment, saying changes are needed to mitigate its burdens on banks of all sizes.

While the version included in the final legislation is modified from ABA’s original ACRE proposal, there remains significant relief for ag and rural communities. Qualified lenders will be able to exclude from gross income 25% of interest income...

Jonathan Gould was sworn in as the 32nd comptroller of the currency. He succeeds Rodney Hood, who was acting comptroller for five months.

The Consumer Price Index rose 0.3% in June after rising 0.2% the previous month and increased 2.7% over the past year, the Labor Department said. Year-on-year core CPI posted a 2.9% gain.

Despite continued challenges from global economic uncertainty and lingering supply chain disruptions, farm banks posted solid financial performance, improved asset quality and increased lending to America’s farmers and ranchers, according to ABA’s annual Farm Bank Performance Report.