Consumer sentiment rises in March

ABA reiterated several key recommendations it first outlined in 2024 in response to CFPB’s proposed revisions to Regulation X’s mortgage servicing rules.

Consumer credit increased at a seasonally adjusted annual rate of 4.8% in April.

Used-car loan term lengths remain near historically elevated levels, suggesting some borrowers are stretching repayment periods to manage higher vehicle costs and financing burdens.

Two lawmakers have released a draft bipartisan bill to establish a national regulatory framework for artificial intelligence, including increased penalties for AI-enabled fraud and temporary preemption of state laws regulating AI models.

ABA announced Jacob Moore as the recipient of its 2026 ABA Banking Research Dissertation Grant. The program provides economics or finance doctoral graduate students with $40,000 for one academic year to conduct research on the banking industry.

ABA economists see evidence of a strengthening labor market that continues to grow despite price pressures. Job market strength should continue to support consumer loan demand and credit performance.