Survey: More young people turning to buy now, pay later services

The Federal Reserve rescinded a 2023 statement on how it would evaluate requests from non-FDIC insured banks to engage in cryptocurrencies and replaced it with a new statement to potentially lower the barrier for those institutions to get...

Federal Home Loan Banks “can play a key role” in the health of small banks as a source of funding, according to a report by the Government Accountability Office.

The House Financial Services Committee voted to advance nine bills on a range of issues that were supported by ABA.

The proposal is designed to make the CRA strategic plan option more accessible and less resource-intensive for banks with assets up to $30 billion.

A proposed bill to curb abuse of the Fair Credit Reporting Act by class action plaintiffs' attorneys would establish reasonable limits on liability while preserving the protections granted to consumers, ABA and 14 associations said.

A federal court erred when it left in place a Colorado law capping interest rates and fees on loans to state residents. the FDIC and OCC said. ABA also asked the court to reconsider its decision.