ABA, Trade Groups Urge Support for CDFI Funding

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...

Organizations have only months to prepare for the cybersecurity challenges posed by new artificial intelligence models, making cyber resilience “integral to advancing business continuity,” the leaders of the "Five Eyes" cybersecurity agencies warned in a joint statement.

By John Steele Gordon There were no banks in colonial America for the simple reason that Britain forbade them. Britain also did not allow the export of British coinage, although some came to the colonies in the pockets...