Podcast: Why corporate clients are pushing for more instant payment capabilities

ABA economists view this month’s strong payroll report as a positive catalyst for business and consumer loan demand. The continued low unemployment rate should also keep consumer credit performance strong.

Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period beginning in 2023, showcasing the extent of the problem, according to a FinCEN analysis. The agency also published...

The ISM Services Index indicated expansion at 55.4%, the 26th consecutive month in expansion territory. A value above 50 reflects expansion in the services sector while a value below 50 represents a contraction.

The rate for a 30-year fixed-rate mortgage was 6.71% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.

If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds will no longer support local lending in the way they previously did, ABA Chair Kenneth Kelly said in...

New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6 billion, the U.S. Census Bureau reported. This followed a 0.2% decrease in June.