ABA and Farmer Mac today launched a new nationwide, biannual survey of agricultural lenders to collect data about the economic and lending conditions in their service areas. Through the questionnaire, lenders can share their opinions on local farm income, land sales, delinquency expectations and other important industry issues. The survey will remain active until Jan. 6. To participate in the survey, contact ABA’s Brittany Kleinpaste.
The Senate voted in favor of legislation to establish a regulatory framework for payment stablecoins, with proposed amendments to establish routing mandates and interest rate caps for credit cards left out of the final bill.
The CFPB will issue an interim final rule today to push back by roughly a year the compliance dates for its small-business data collection requirements, according to a filing in the Federal Register.
The Senate Finance Committee released its reconciliation tax text that contains several differences from the version passed by the House, including changes to provisions related to the ACRE Act and the Section 199A passthrough business deduction.
Business inventories in April came in at $2.66 trillion, virtually unchanged from the month prior and up 2.2% from a year ago, the Commerce Department said.
Industrial production decreased 0.2% in May from the previous month, the Federal Reserve reported.
Builder confidence in the market for single-family homes in June was 32, down from 34 the previous month, according to the NAHB/Wells Fargo Housing Market Index.
