ABA Supports Customer Data Collection Bill

A proposed rule by the CFPB to expand consumer reporting regulations to consumer-identifying information would reduce banks’ ability to detect and prevent fraud and identity theft, ABA said.

The non-farm private sector gained 155,000 jobs in March and annual pay was up 4.6% Year-over-Year, according to the ADP National Employment Report.

New orders for manufactured goods increased $3.6 billion, or 0.6%, to $594 billion in February, the Commerce Department said.

HUD launched a redesigned website that removes 90% of the content from the previous site and features updated navigation.

ABA joined four banking and housing lender associations in urging lawmakers to allocate at least $324 million for the CDFI Fund in the coming fiscal year.

The CFPB announced it will vacate an existing settlement with the Chicago-based lender Townstone Financial over alleged redlining.