Mortgage rates drop

The Treasury Department has not taken steps to address gaps in beneficial ownership reporting resulting from its decision to exempt U.S. companies from the requirements, the Government Accountability Office concluded in a new report.

While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds and the economy handles external shocks, they are expected to remain stable, according to ABA’s latest Credit Conditions...

Colorado Gov. Jared Polis vetoed legislation to prohibit the collection of interchange fees for sales taxes, saying it presented too much legal risk to the state’s business environment and consumers.

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.