Senate Banking Committee members outline different approaches to tackling financial scams
During a hearing on financial scams targeting consumers, Senate Banking Committee members offered different approaches for addressing the problem, with...
Bank survey: More employees have access to financial planning benefits through work
While financial stress among U.S. employees remains high, access to financial planning benefits through work has doubled since 2023, according...
Mortgage rates drop
The rate for a 30-year fixed-rate mortgage averaged 6.2% this week. The rate for a 15-year fixed-rate mortgage averaged 5.27%.
ABA announces 2024 Diversity, Equity and Inclusion Award winners
ABA announced the winners of its 2024 ABA Diversity, Equity and Inclusion Awards, which recognize member banks for their internal-facing...
Producer price index rose 0.2% in August
The Producer Price Index increased 0.2% in August from the previous month, the Labor Department reported.
ABA Mortgage Advocacy Update
ABA has been active in recent months on issues important to banks in the mortgage space. The following is a...
Consumer price inflation 2.5% in August
The Consumer Price Index rose 0.2% in August, the same increase as the previous month, and rose 2.5% over the...
FBI: Crypto-related fraud losses increased 45% in 2023
Cryptocurrency-related fraud resulted in more than $5.6 billion in losses in 2023, representing a 45% increase from the previous year,...
SEC official outlines possible exception for crypto accounting restrictions on banks
An SEC official outlined a scenario in which a bank would not be bound by the restrictions of the SEC’s...
OFAC doubles time businesses must keep records related to certain foreign transactions
OFAC will issue an interim final rule to extend recordkeeping requirements for certain transactions from five to 10 years to...
