Proposed bank acquisitions announced in Illinois, Kansas

ABA said it supports proposed revisions to the Call Report that ease a compliance burden on banks resulting from a prior change in accounting standards.

The Consumer Price Index rose 0.2% in July after rising 0.3% the previous month, and increased 2.7% over the past year, the Labor Department said.

The NFIB Small Business Optimism Index rose 1.7 points in July to 100.3, slightly above the 52-year average of 98.

The Federal Trade Commission is warning consumers that social media posts sharing an alleged checking account “hack” is actually a scam that could lead to financial and legal trouble.

ABA joined four associations in urging lawmakers to close a legal loophole that may allow for the payment of interest and yield on stablecoins despite a recent prohibition against the practice.

It’s time to refine the FDIC’s emergency authorities and resolution processes, in addition to considering possible changes to the deposit insurance framework.