Paoletta steps into temporary role of acting CFPB director

During the second quarter of the year, many banks reported stronger demand for C&I loans but weaker demand for residential real estate loans.

The OCC is proposing to restructure its processes for making bank information available for public review, according to an agency announcement.

ABA and two associations offered federal regulators several recommendations to improve the integrity of residential property valuations, as recently directed by President Trump.

The U.S. manufacturing sector expanded in July for the seventh consecutive month. The ISM Manufacturing PMI registered 55.6% in July, a 2.3 percentage point increase from the June figure and the highest reading since May 2022.

For the first time in nearly 50 years, the Federal Reserve is proposing to comprehensively update the regulation governing extensions of credit to bank “insiders,” such as board directors, executives and major shareholders.

The University of Michigan Consumer Sentiment Index increased 11.5% in July compared to the month prior, landing at 55.2, according to final results for the month. Sentiment was down 10.5% year over year.