Senate Banking Committee advances Hill nomination to be FDIC chair

The House passed by voice vote bipartisan legislation to implement the phaseout of the penny by providing a framework for cash rounding when exact change cannot be provided.

A proposed bill supported by ABA would require the Small Business Administration to provide and make public more details about 7(a) lending program risks.

While ABA supports responsible stewardship of federal financial assistance, any changes to how that assistance is distributed should preserve the operational effectiveness of the CDFI Fund for financial institutions, the association said in a letter to the Office...

Proposed mergers announced of banks in Nebraska, Illinois and New Hampshire.

In his first appearance before Congress as head of the Federal Reserve, Chairman Kevin Warsh stressed the need for tailored bank regulation and said that while international coordination of banking standards is important, “the Basel endgame is not...

Elevated inflation will continue to weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth, ABA economists said. This could be a headwind for loan demand, particularly for interest rate sensitive products such as...