Consumer credit was unchanged in May

More than two in three adults report they were personally scammed last year, with those scams costing an estimated $68 billion, or four times what was reported to federal authorities, according to a new survey by the Stop...

Legislation to reinstate the net operating loss, or NOL, carryback option for certain eligible financial institutions would expand lending and credit availability for consumers and businesses across the U.S., ABA said in a letter to House lawmakers.

Federal Reserve officials seemed to be divided over interest rates according to minutes released from the Federal Open Market Committee June 16-17 meeting. In the end, the committee voted unanimously to maintain the target range for the federal...

ABA economist Dan Brown discusses the recent release of HMDA data for 2025. He examines several trends, including the varying composition of bank mortgage loans in different regions, where banks face the stiffest nonbank competition in the mortgage...

The CFPB is looking for information about “potential regulatory changes that may reduce regulatory burdens and promote access to mortgage credit, as appropriate and consistent with applicable law.”

Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities, the Fed said. The move aligns with a similar proposal made by...