Survey: Consumers increasingly turn to AI for financial advice
Thirteen percent of respondents said they use AI for banking and financial services on a daily basis, while 59% said they use it occasionally, according to J.D. Power.
ABA Data Bank: During Pandemic, 8 in 10 Banks have Increased Flextime for Remote Employees
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ABA, associations propose improvements to federal data privacy law
As lawmakers consider legislation on data privacy, they should amend a 1999 law that established privacy requirements for financial institutions to better reflect the modern financial services ecosystem, ABA and four banking and credit union associations said.
Construction spending dropped slightly in July
Construction spending in July was at a seasonally adjusted annual rate of $2.14 trillion, 0.1% below the revised June estimate, the Commerce Department said.
ISM: Manufacturing sector contracted in August
U.S. manufacturing activity contracted in August for the sixth consecutive month, the Institute for Supply Management said.
Equity Bancshares to purchase Frontier Holdings in Nebraska
Equity Bancshares in Wichita, Kansas, has agreed to buy Frontier Holdings in Omaha, Nebraska.
OCC reduces semiannual assessment rates
The Office of the Comptroller of the Currency announced a decrease in assessment rates for the Sept. 30 semiannual assessment.
