AICPA Calls for Delay in FASB’s Lease Accounting Standard for Private Companies

The U.S. economy added 139,000 nonfarm jobs in May, the Labor Department said. The unemployment rate held at 4.2%.

The House voted in favor of a bill to cap the number of for-profit small-business lending companies eligible to make loans under the Small Business Administration’s 7(a) Program.

ABA told House lawmakers that it supports applying privacy and data security protection standards to nonbank industries as long as the requirements do not conflict with those already in place for banks.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.6 billion in April, down $76.7 billion from $138.3 billion in March, revised.

If U.S. regulators move forward on the Basel III endgame, they must roll back redundant rules that over-complicate the capital framework.

Roughly three in four Americans believe that financial institutions should be most responsible for keeping consumers safe from scams, according to a new survey by Morning Consult and Google.