According to ABA, the Credit Card Competition Act would reduce card choice, increase fraud risks, reduce rewards, increase the cost of allocating credit to borrowers, and create economic challenges for smaller financial institutions. The legislation "will not increase...
New orders for manufactured durable goods increased $16.4 billion or 5.3% to $323.8 billion in November 2025, the U.S. Census Bureau said in its advance report. The rise followed a 2.1% October decrease.
Fewer than half of Americans have sufficient liquidity or access to funds to cover a $1,000 emergency expense, according to a new survey by Bankrate. The survey also found that inflation posed the greatest challenge to saving money.
Sen. Roger Marshall (R-Kan.) has proposed an amendment to add credit card routing mandates to an unrelated bill on cryptocurrency regulation, including new language that would empower state attorneys general to seek civil penalties for violations of the...
ABA suggested regulators make two changes to the rules implementing the corporate alternative minimum tax to reduce the compliance burden on banks.
Risk, readiness and the next frontier
