Mortgage rates rise

Construction spending in September was estimated at a seasonally adjusted annual rate of $2,186.1 billion, 1.9% below the revised August estimate of $2,227.4 billion, according to the Census Bureau.

Economic activity in the manufacturing sector expanded in October for the 10th consecutive month, the Institute for Supply Management said in its most recent ISM Manufacturing PMI Report.

During the third quarter, banks reported that lending standards for commercial and industrial loans to large and middle-market firms were basically unchanged, while standards tightened for C&I loans to small firms, according to the Federal Reserve’s latest senior...

The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Indiana and the Oglala Sioux Tribe of the Pine Ridge Reservation in South Dakota affected by severe storms.

ABA joined nearly three dozen associations in urging lawmakers to reauthorize the Cybersecurity Information Sharing Act for an additional 10 years, saying the law is vital in an era of AI-enabled cyber threats.

ABA requested that the CFPB make changes to its survey on credit card plans to ease the reporting burden for card issuers, including providing additional guidance on how to complete the survey.