Cleveland Fed names Hammack as next CEO

ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed rule implementing the Genius Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied...

Economic activity in the manufacturing sector expanded in April for the fourth consecutive month, according to the Institute for Supply Management. The Manufacturing PMI registered 52.7% in April, unchanged from March.

The rapid evolution of artificial intelligence technologies reinforces the need for regulators to adopt adaptable supervisory guidance and expectations, Federal Reserve Vice Chair for Supervision Michelle Bowman said.

The seasonally adjusted unemployment rate for college graduates with Bachelor's degrees aged 20-24 years old was 4.0% in March 2026.

The Colorado Senate narrowly passed legislation to prohibit the collection of interchange fees for sales taxes, with the bill modeled after an Illinois law that has been challenged in court by ABA and others.

The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.64%.