ADP: 122,000 jobs added in May

ABA said that legislation to establish national data privacy standards contains many of the policy priorities that it has advocated for over the years, including ensuring that banks continue to be subject to the Gramm-Leach-Bliley Act framework.

The Federal Reserve should recalibrate the tailoring thresholds for economic growth and inflation since 2019 – when the Fed’s tailoring rule was adopted – and provide for automatic periodic indexing of the thresholds going forward, ABA and the...

New orders for manufactured goods in April, up five of the last six months, increased $30.1 billion or 4.8% to $662.7 billion, the U.S. Census Bureau reported. This followed a 1.8% increase in March.

Overall activity remained in expansion and is firmly above year-ago levels. Strong services business activity will continue to support loan demand, but elevated costs and weakening labor demand will have negative implications for consumer lending.

ABA urged the Federal Communications Commission not to impose additional regulation on foreign call centers belonging to banks and other non-telecommunications companies.

As Senate prepares to consider digital asset legislation, a national survey shows Americans support rules that protect the bank deposits that drive local lending and economic activity.