New orders for manufactured durable goods increased $2.7 billion or 0.9% in February to $289.3 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 3.3% January increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.8%. Transportation equipment led the increase, $1.4 billion or 1.5% to $98.3 billion.
The House passed by voice vote legislation prohibiting credit reporting firms from selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitations.
The Fed has started the process of removing references to reputation and reputational risk from its supervisory materials, “and, where appropriate, replacing those references with more specific discussions of financial risk.”
The cumulative trading revenue of U.S. commercial banks and savings associations was $15 billion in the first quarter of 2025, the Office of the Comptroller of the Currency reported.
President Trump signed into law a joint resolution overturning a rule that changed how the OCC reviews proposed bank mergers.
The OCC will issue a report detailing which regulatory violations can be referred to the Department of Justice for criminal prosecution, part of a larger effort to combat alleged overcriminalization of federal regulations.
The time has come for the federal banking agencies to revisit leverage ratios and their effects on Treasury markets, Federal Reserve Vice Chair for Supervision Michelle Bowman said.
