ABA Data Bank: Yen falls to lowest level in three decades
The Japanese Yen briefly weakened to 160 intra-day against the U.S. Dollar on Monday, it's lowest level since April 1990.
ISM: Service sector contracted in April
The ISM services index fell 2% from the prior month to land at 49.4% in April, the Institute for Supply...
175,000 jobs added in March, unemployment rate edged up to 3.9%
The U.S. economy added 175,000 nonfarm jobs in April, the Labor Department said.
ABA seeks more time for public comment on wire transaction expansion
In a letter, ABA asked the Financial Action Task Force to extend the comment deadline for a proposed expansion of...
Agencies release third-party risk management guide for community banks
The Federal Reserve, FDIC and OCC released a new guide to help community banks develop and manage third-party risk management...
Fed proposes expanding operating times of Fedwire, NSS to weekends, holidays
The Federal Reserve is proposing to expand the operations of the Fedwire Funds Service and the National Settlement Service to...
Recent news from Treasury’s Office of Foreign Assets Control: May 2
The Office of Foreign Assets Control took sanctions action over the last week in the Russia and terrorism-related programs: Russia-related...
FFIEC announces chairman, new member of state liaison committee
The Federal Financial Institutions Examination Council today announced the re-election of Charles Cooper as chairman of its State Liaison Committee.
HUD warns against discrimination in AI-powered housing advertisements
The Department of Housing and Urban Development released new guidance warning that the use of artificial intelligence in tenant screenings...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage averaged 7.22% this week, up from last week when it averaged 7.17%.
