CFTC seeks comment on possible risk management program regulatory changes

The Treasury Department should conduct a study of the $2.37 trillion credit union system to determine whether its current activities align with its longstanding tax-exempt status, 52 state bankers associations said in a joint letter to the department.

ABA and five financial sector associations this week reiterated their longstanding concerns about the Federal Reserve’s Debit Card Issuer Survey, saying that policy based on the limited information gathered from the survey has had adverse effects on the...

The Senate Banking Committee unanimously voted to advance bipartisan legislation to boost housing supply. ABA submitted comments in support of several provisions in the bill.

Proposed acquisitions announced of banks in Georgia, Massachusetts, South Dakota and Texas.

The Consumer Confidence Index was 97.2 in July, up from 95.2 in June, the Conference Board said. The present situation index declined 1.5 points to 131.5. The expectations index rose 4.5 points to 74.4.

Home prices increased 2.3% in May compared to the same month a year ago, down from a 2.7% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.