Treasury Severs Ties with Chinese Bank, Citing Link to Illicit North Korean Activity

Federal Reserve Governor Stephen Miran submitted his resignation as a member of the Fed board, effective when his successor is sworn in. He will be succeeded by incoming Chairman Kevin Warsh.

CISA and the G7 have released joint guidance to help public and private sector stakeholders improve transparency in their artificial intelligence systems and supply chains.

Advance estimates of U.S. retail and food services sales were up 0.5% from the previous month and in line with market expectations. The ABA Office of the Chief Economist believes this month’s retail sales report reflects a normalization...

Federal Home Loan Bank mission programs generated an estimated $47.1 billion in economic impact between 2015 and 2024, although that figure could be as high as $94.8 billion, according to a new report by the Urban Institute.

ABA expressed its support for FCC Chairman Brendan Carr’s decision to schedule a May 20 vote on issuing a proposal that would impose stronger “know your upstream provider” requirements on voice service providers that allow calls to pass...

The House Financial Services Committee advanced two bills supported by ABA as part of a package of proposed legislation on topics ranging from fighting scams to AI. Both bills passed by unanimous vote.