Commerce Secretary Penny Pritzker today announced that Stacey Facter — SVP for trade products at BAFT, ABA’s global transaction banking subsidiary — has been appointed to the department’s newly formed Trade Finance Advisory Council. The council is comprised of representatives from exporters, banks, trade finance organizations and research institutions, and will provide insights on how to provide expanded access to finance for U.S. exporters.
Pending home sales fell 0.8% in June from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 2.8%.
A growing number of states have enacted or are considering new regulations on cryptocurrency ATMs to crack down on fraud involving the machines, according to AARP.
Real gross domestic product (GDP) increased at an annual rate of 3% in the second quarter of 2025, according to the advanced estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased...
The Treasury Department should conduct a study of the $2.37 trillion credit union system to determine whether its current activities align with its longstanding tax-exempt status, 52 state bankers associations said in a joint letter to the department.
ABA and five financial sector associations this week reiterated their longstanding concerns about the Federal Reserve’s Debit Card Issuer Survey, saying that policy based on the limited information gathered from the survey has had adverse effects on the...
The Senate Banking Committee unanimously voted to advance bipartisan legislation to boost housing supply. ABA submitted comments in support of several provisions in the bill.
