The Senate today failed to override President Biden’s veto of a joint resolution to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act. S.J. Res. 32 by Sen. John Kennedy (R-La.) cleared both houses of Congress last year by bipartisan votes, but Biden vetoed the resolution in December. Congress can override a veto if two-thirds of lawmakers in the House and Senate vote to overturn the president’s action, but the motion failed on a 54-45 vote.
Proposed acquisitions have been announced in recent days of banks in Florida, Kansas and Missouri.
ABA and 52 state bankers associations urged senators to include legislation to expand access to affordable real estate credit in rural areas in a budget package currently under consideration in Congress.
New orders of manufactured goods increased $25.7 billion, or 4,3%, from the prior month to $618.8 billion in March, the Commerce Department said.
As more retail bank customers struggle to pay their bills on time, many of them are looking to their banks for financial advice, according to a new survey by J.D. Power.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in seven states recently affected by natural disasters.
Construction spending in April was at a seasonally adjusted annual rate of $2.15 trillion, 0.4% below the revised March estimate, the Commerce Department said.
