Banker satisfaction with their core providers increased modestly in the 2024 ABA Core Platforms Survey. On a scale of 1-5, overall satisfaction remains low at 3.19. Banker satisfaction varied significantly among the top providers in terms of responses, revealing that all core platform providers are not the same.
Republicans on the House Financial Services Committee unveiled a new bill they said would boost community banking by promoting de novo bank formation, raising regulatory thresholds and revising agency regulatory and supervisory practices.
The Federal Reserve is reviewing its rules under which “confidential supervisory information” can be shared to help banks better coordinate fraud prevention efforts and mitigate the potential for supervisory abuse, Vice Chair for Supervision Michelle Bowman said.
The FCC issued a final rule that requires voice service providers to provide more timely updated information to the Robocall Mitigation Database and provides increased penalties for non-compliance. The rule is effective Feb. 5.
New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $8.1 billion or 1.3% to $604.8 billion, according to the U.S. Census Bureau report. This followed a 0.2% September increase.
The nonfarm private sector added 41,000 jobs in December, and annual pay was up 4.4% year-over-year, according to the ADP National Employment Report.
Economic activity in the services sector continued to expand in December. The ISM Services Index indicated expansion at 54.4% for the tenth time in 2025. A value above 50 reflects expansion in the services sector while a value...
