The House voted 314-117 today to approve an agreement to raise the debt ceiling. The deal struck by President Biden and House Speaker Kevin McCarthy (R-Calif.) cleared the chamber with majorities in both parties voting in favor of the legislation. The proposal now heads to the Senate. ABA and seven financial trade associations on Tuesday jointly urged lawmakers to finalize a deal, warning that failing to do so would put the U.S. economy at risk.
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98, the National Federation of Independent Business reported.
A ‘single stack’ approach to capital would be efficient, flexible for smaller banks, sensitive to risk — and aligned with global standards and U.S. law.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
The CFPB is seeking public input in advance of a proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit reports of victims of domestic violence, elder abuse or...
The Federal Reserve issued a technical clarification stating that its account access guidelines apply to excess balance accounts, or EBAs.
The Securities and Exchange Commission should withdraw a staff accounting bulletin that changed how banks and other publicly traded entities account for obligations to safeguard digital assets, SEC Commissioner Mark Uyeda said.
