ABA has raised concerns about the stress test process in the past, citing a lack of transparency in the process and that it has resulted in higher capital rules that hurt bank lending and economic growth.
The U.S. Court of Appeals for the Fifth Circuit on Monday reinstated the enforceability of the Corporate Transparency Act and lifted the nationwide injunction issued by the district court judge earlier this month.
A federal judge today ordered a preliminary injunction against enforcement of an Illinois state law restricting interchange fees for national banks and federal savings associations but left the law in effect for Illinois-chartered institutions and credit card networks...
Americans should be deeply skeptical of a CFPB lawsuit against the operator of Zelle and participating banks in the final days of the Biden administration, ABA President and CEO Rob Nichols said.
This holiday bonus episode digs into the Banking Journal archives to learn more about the "Christmas Club" savings vehicle, and what this financial product says about human psychology and behavioral economics.
The PNC Christmas Price Index, which tracks the cost of a full set of gifts from "The Twelve Days of Christmas," rose 5.4% to $49,263.47 in 2024, compared to a 2.7% rise in 2023.
