Fed finalizes operational risk management rule for market utilities
The final rule is intended to address changes to the operational risk, technology and landscape in which FMUs operate that...
Mortgage rates fall
The rate for a 30-year fixed-rate mortgage was 6.88% this week, down from last week when it averaged 6.94%. A...
Consumer credit increased in January
Consumer credit increased at a seasonally adjusted annual rate of 4.7% in January, the Federal Reserve reported.
U.S. international trade deficit increases in January
The international trade deficit was $67.4 billion in January, up $3.3 billion from $64.2 billion in December, the Commerce Department...
ABA expresses support for bills on UDAAP enforcement, debit interchange
ABA expressed support for two House bills, one seeking to clarify standards for UDAAP enforcement actions brought by the CFPB,...
ABA, U.S. Chamber sue CFPB over regulation restricting credit card late fees
ABA joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court challenging the...
Quarterly Banking Profile: Banking net income nearly $257B in 2023
The banking industry reported full-year 2023 net income of $256.9 billion, down $6 billion, or 2.3%, from the prior year,...
Bowman shares ‘significant concerns’ about possible liquidity regulation
Liquidity regulation has the potential to impose significant costs and limit the lending capacity and business operations of banks, which...
Beige Book: Economic activity increased slightly since January
Overall economic activity increased slightly since January, with eight of the 12 Federal Reserve districts reporting slight to modest growth...
SEC approves climate disclosure rule
The Securities and Exchange Commission voted approve new climate disclosure requirements for publicly traded companies.
