U.S. Treasury Secretary Janet Yellen will deliver remarks at the ABA Annual Convention, Oct. 27-29 in New York City. Yellen will share her thoughts on the state of the U.S. economy, the important role banks of all sizes play in supporting growth and more.
After her prepared remarks, ABA President and CEO Rob Nichols will join Yellen to discuss the economic outlook, banking policy issues and her tenure as Treasury secretary.
The University of Michigan Consumer Sentiment Index increased 6.6% in January compared to the month prior, landing at 56.4, according to final results for the month.
The House Financial Services Committee advanced three bills supported by ABA, covering regulatory tailoring for community banks, reauthorization of the Terrorism Risk Insurance Program, and raising Bank Secrecy Act reporting thresholds.
In 2025, just 54% of U.S. adults reported drinking alcohol, the lowest level Gallup has ever recorded, as a majority of Americans now believe even moderate drinking is bad for their health.
The FDIC has approved two deposit insurance applications submitted by automobile manufacturers Ford and GM to establish industrial banks, according to an agency statement.
The rate for a 30-year fixed-rate mortgage was 6.09% this week. The rate for a 15-year fixed-rate mortgage was 5.44%.
Government intervention in the U.S. credit card market would harm consumers, small businesses and community-based financial institutions by reducing choice, increasing costs and fraud risks, and creating economic challenges for smaller institutions, the ABA and 10 financial sector...
