Economic activity in the services sector returned to expiation territory in October. The ISM Services Index indicated expansion at 52.4%, above the 50% breakeven point for the eighth time in 2025. “In October, the Services PMI® registered a reading...
The non-farm private sector added 42,000 jobs in October, and annual pay was up 4.5% year-over-year, according to the ADP National Employment Report. This follows an upward revision of September’s report from -32,000 jobs to -29,000. Small businesses...
The OCC is taking action to address concerns about “debanking,” including through the licensing process and CRA exams, Comptroller of the Currency Jonathan Gould said at a conference in New York City.
The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with those changes, Federal Reserve Vice Chair for Supervision Michelle Bowman said.
ABA and 52 state bankers associations urged the Treasury Department to uphold the Genius Act’s prohibition on stablecoin issuers paying interest or yield on payment stablecoins.
The CFPB's procedures for securing its information systems have deteriorated in recent months, and the issue has been made worse by the loss of contractor resources and bureau personnel, according to a recent audit by the Federal Reserve...
