FHFA rescinds ABA-opposed DTI ratio-based fee

The ABA Office of the Chief Economist believes the manufacturing sector’s sixth consecutive month of expansion points to the sector’s continued resilience after a 10-month-long period of contraction. Overall activity remained firmly above year-ago levels. Strong manufacturing business activity...

The CDFI Fund has launched an online tool that state governors can use to nominate communities as qualified Opportunity Zones, which provide tax incentives for investing in distressed communities. New designations occur only once every 10 years.

The non-farm private sector added 98,000 jobs in June, and annual pay was up 4.4% year-over-year, according to the ADP National Employment Report. This follows an unchanged May report of 122,000.

The Federal Financial Institutions Examination Council released a statement reaffirming its members’ commitment to promoting de novo bank formation by exploring ways to lower regulatory barriers to creating new financial institutions.

The House Financial Services Committee advanced legislation that would align Fair Credit Reporting Act liability with other financial consumer protection laws, reform the Securities and Exchange Commission and give banks more time to verify suspicious checks. The three...

Proposed acquisitions announced of banks in Michigan, South Carolina and Massachusetts.