Cleveland Fed names Hammack as next CEO

Use of the discount window by banks reaffirms that severe stress in 2023 was limited to a handful of banks.

ABA joined 13 associations and coalitions in urging lawmakers to adopt a long-term reauthorization of the NFIB, saying it would provide “certainty for the millions of Americans who rely on this vital program to protect their families and...

ABA asked the CFPB to withdraw guidance for law enforcement alleging that credit card rewards programs could be illegal under certain circumstances.

The top Democrats on the Senate Banking and House Financial Services committees urged federal officials to provide “immediate guidance” about the current penny shortage.

The FBI’s Internet Crime Complaint Center has issued a consumer alert about cyber criminals impersonating financial institutions to steal money or engage in account takeover schemes.

The non-farm private sector lost 32,000 jobs in November, and annual pay was up 4.4% year-over-year, according to the ADP National Employment Report.