An Illinois state law restricting interchange fees for certain payments threatens the national banking system by interfering with federal powers to regulate that system, the OCC and a group of 10 former comptrollers said in separate court filings.
ABA urged Congress to apply the same privacy and securities standards for banks to other industries, and to make sure federal standards preempt state regulation.
ABA announced that its widely used Fraud Contact Directory is now open to international banks, marking a significant expansion of one of the banking industry’s key tools for combating fraud.
The ABA Office of the Chief Economist believes while the index increased in February, the index level has not retraced December and January’s drop, with pending home sales remaining near historically low levels. For banks, subdued turnover is...
Advance estimates of U.S. retail and food services sales for January 2026 were $733.5 billion, down 0.2% from the previous month, and up 3.2% from January 2025.
Financial institutions are managing larger vendor inventories with leaner teams while confronting emerging risks, such as those presented by artificial intelligence, according to a new report on third-party risk management by the compliance platform provider Ncontracts.
