Podcast: Highlights from ABA’s 2019 Washington Summit

A multitude of factors have caused costs to rise and manufacturers have been forced to raise retail prices.

SPONSORED CONTENT by Federal Reserve Financial Services The Federal Reserve has made several announcements this fall about key developments on the FedNow Service. Whether your bank or credit union is already participating in the FedNow Service or you’re...

Sen. Thom Tillis (R-N.C.) released a discussion draft of proposed legislation to address alleged debanking by banks and banking regulators by creating a national standard for account access and establishing new watchdog mechanisms for banking agencies.

ABA joined 15 associations representing a wide range of industries in urging lawmakers to end the government shutdown, noting that it is imposing “real, escalating costs” on the U.S. economy.

The rate for a 30-year fixed-rate mortgage was 6.17% this week. The rate for a 15-year fixed-rate mortgage was 5.41%.

Banking agencies are required by Congress to review their regulations every 10 years but their past reviews have been “underwhelming,” resulting in no reduction in regulatory burden, Federal Reserve Vice Chair for Supervision Michelle Bowman said.