OCC names new executive committee members

The House voted in favor of a bill to cap the number of for-profit small-business lending companies eligible to make loans under the Small Business Administration’s 7(a) Program.

ABA told House lawmakers that it supports applying privacy and data security protection standards to nonbank industries as long as the requirements do not conflict with those already in place for banks.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.6 billion in April, down $76.7 billion from $138.3 billion in March, revised.

Roughly three in four Americans believe that financial institutions should be most responsible for keeping consumers safe from scams, according to a new survey by Morning Consult and Google.

The Senate voted to confirm Federal Reserve Governor Michelle Bowman as vice chair for supervision. The position was previously filled by Fed Governor Michael Barr.

Economic activity has declined slightly since April, with six of the 12 Federal Reserve districts reporting slight to moderate declines in activity, according to the fourth Beige Book report of the year.