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.
Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs.









