FOMC holds interest rates steady

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.

U.S. manufacturing activity contracted for the third consecutive month in May, the Institute for Supply Management said.

The CFPB has asked a federal court to vacate its rule on financial data sharing, citing the rule’s “numerous legal infirmities.”

ABA has added two banks to the ABA Nasdaq Community Bank Index. The index includes 236 community banks with $198.7 billion in market capitalization.

The Illinois General Assembly approved legislation extending by a year the effective date of a first-of-its-kind state law restricting interchange fees.