The American Bankers Association today joined the North Carolina Bankers Association in releasing a new ad encouraging Rep. Ted Budd (R-N.C.) to continue his advocacy on behalf of North Carolina’s farmers.
“Congressman Budd has fought to ensure that farmers can access the credit they need to continue their essential work,” said ABA President and CEO Rob Nichols. “We’re grateful for his efforts to help family farms in North Carolina and across the country.
As lawmakers consider deposit insurance reform, Senate Banking Committee Chairman Tim Scott (R-S.C.) is asking the FDIC to provide additional information about the amount of uninsured deposits in the U.S. banking system and the cost to banks should...
The rate for a 30-year fixed-rate mortgage was 6.34% this week. The rate for a 15-year fixed-rate mortgage was 5.55%.
The Federal Housing Finance Agency is withdrawing three proposed rules concerning Fannie Mae and Freddie Mac liquidity requirements, Federal Home Loan Bank governance and FHLBank unsecured credit limits.
The CFPB has finalized a rule extending the compliance dates for its small-business data collection. The bureau first extended the new deadlines in June in an interim final rule.
The Small Business Administration has released a form that smaller financial institutions – those with less than $30 billion in assets – can use to demonstrate compliance with a recent order directing lenders to identify past “debanking” actions.
ABA announced that James “Dan” Rollins III has been named chair of ABA’s American Bankers Council for the 2025–2026 membership year. Rollins is chairman and CEO of Cadence Bank.
