ABA reminds CFPB of key recommendations on mortgage servicing reform
ABA reiterated several key recommendations it first outlined in 2024 in response to CFPB’s proposed revisions to Regulation X’s mortgage servicing rules.
ABA Data Bank: Paycheck Protection Program Loans Total $205 Billion
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Consumer credit increased in April
Consumer credit increased at a seasonally adjusted annual rate of 4.8% in April.
ABA DataBank: Average maturity for used car loans remains elevated
Used-car loan term lengths remain near historically elevated levels, suggesting some borrowers are stretching repayment periods to manage higher vehicle costs and financing burdens.
FinCEN issues advisory on suspicious activity linked to employment of undocumented immigrants
FinCEN issued an advisory warning financial institutions “to be vigilant against risks presented by the unlawful employment of illegal aliens.” The advisory was jointly issued with the FDIC, OOC, NCUA and IRS.
Proposed bill seeks to establish federal regulation of AI
Two lawmakers have released a draft bipartisan bill to establish a national regulatory framework for artificial intelligence, including increased penalties for AI-enabled fraud and temporary preemption of state laws regulating AI models.
ABA names 2026 Banking Research Dissertation Grant recipient
ABA announced Jacob Moore as the recipient of its 2026 ABA Banking Research Dissertation Grant. The program provides economics or finance doctoral graduate students with $40,000 for one academic year to conduct research on the banking industry.
