Construction Spending Ticked Down in October

The ABA Office of the Chief Economist believes the final estimate of Q1 GDP underscores a resilient economy but with growth increasingly reliant on non-residential investment rather than housing or consumer spending. Loan demand from consumers may moderate...

Persistent price growth continues to pressure household balance sheets, increasing risks to credit performance for consumer loans, especially for lower income households.

President Trump canceled plans to sign a bipartisan housing bill into law, saying lawmakers should first pass an unrelated elections bill.

Large banks are well positioned to weather a severe recession and would be able to continue to lend to households and businesses, according to the results of the Federal Reserve’s annual stress tests.

As policymakers consider proposals related to payment system access, such as new chartering models and Federal Reserve account access, they should proceed cautiously or risk weakening the coherence of the existing payments framework, ABA told House lawmakers.

A majority of U.S. bank executives said they have seen an increase in the number of cyberattacks on their institutions in the past year and have boosted their cybersecurity budgets as a result, according to the most recent...