In a joint letter to Senate leaders, ABA, ICBA and 76 state associations representing thousands of community financial institutions across the U.S. expressed genuine concerns with the Clarity Act and urged targeted changes to provide greater certainty that...
ABA expressed support for the Common Cents Act, which renews calls for officially halting the production of the U.S. penny for general circulation.
Lending to individuals who are not legally authorized to work in the U.S. may present elevated credit risk to financial institutions, the FDIC, OCC and National Credit Union Administration said in joint guidance.
The CFPB has temporarily halted plans to shrink its current workforce by more than half until a new bureau director is in place, according to a court filing.
Among its homeownership benefits, the legislation also includes provisions related to brokered deposits, bank examinations, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.
Oil prices have largely returned to early-2026 levels. In contrast, the implied yield on the Fed Funds Futures December 2026 contract is up 80 basis points from a year ago, suggesting a broader range of risks and uncertainty...
