ABA to Donate $25K to Nebraska Bankers Flood Relief Effort

The Producer Price Index for final demand increased 1.3% in September, seasonally adjusted, according to the U.S. Bureau of Labor Statistics report. Final demand prices edged up 0.5% in August and 0.2% in July. The September increase is...

This month's retail sales report highlights the continued resilience of consumers despite inflationary pressures weighing on purchasing power.

ABA announced that Rebecca “Becky” Schauer Robertson at Blue Ridge Bank and Karen Boyer at M&T Bank have received the ABA Distinguished Service Awards for Anti-Money Laundering/Combating the Financing of Terrorism and Fraud Management, respectively.

The OCC placed much of the blame on “inexact” reputational risk policies: “This practice infused the value judgments of stakeholders into banks’ business decisions."

The Illinois Attorney General’s Office plans to appeal a court injunction preventing the state from enforcing the Illinois Fee Prohibition Act against certain financial institutions, according to a court filing.

The ABA Office of the Chief Economist believes that the hot CPI reading in September shows no alleviation of the affordability pressures households face. This could be a headwind for loan demand, particularly for interest rate sensitive products such as...