SBA Offers Guidance on Purchase, Charge-Off for Certain PPP Loans

The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few years, and while bankers are used to regulatory whiplash when administrations change, it is possible some of changes...

The Consumer Price Index increased 0.1% in May on a seasonally adjusted annual basis, after rising  0.2% in April, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.4%.

In a memo sent in advance of the markup, ABA noted that H.R. 2808 would “curb the abusive use of mortgage credit ‘trigger leads’ while narrowly preserving them for legitimate, transparent and accountable uses.”

The banking sector has seen many constructive, positive policy developments at the federal level so far this year, and top officials have expressed their willingness to work with and engage with bankers on those issues, ABA President and...

Consumers’ recent pessimism about the labor market eased somewhat, while consumer debt delinquency expectations and expectations about households’ financial situation improved slightly, survey results showed. Perceptions about households’ current financial situations compared to a year ago and expectations...

More than 70% of respondents are “very” to “moderately” concerned about the effects of tariffs on their businesses, according to Provident Bank. So far those effects have been minimal, with more 80% of businesses saying there has been...