Consumer credit increased in June
Consumer credit increased at a seasonally adjusted annual rate of 2.4% during the second quarter of 2024, the Federal Reserve...
U.S. adds 114,000 jobs in July
The U.S. economy added 114,000 nonfarm jobs in July, the Labor Department said. The unemployment rate rose 0.2 percentage points...
Survey: More Americans turning to AI to manage finances
A growing number of Americans are using artificial intelligence to help manage their finances and investments, with use of the...
U.S. international trade deficit declines in June
The international trade deficit was $96.8 billion in June, down $2.5 billion from $99.4 billion in May, the Commerce Department...
Upgrading your tech (talent) stack
Banks seeking to hire and retain technologists must think beyond salaries to attract the right talent.
Nonbanks accounted for two-thirds of mortgage transactions in 2023
Federal data shows the share of mortgages originated by nondepository, independent mortgage companies accounted for 68.8% of first lien, home-purchase...
Analysis: Proposed capital requirements would harm GDP, bank lending
The proposed Basel III endgame capital requirements are likely to have a negative effect on GDP and lead to reduced...
ABA releases ads encouraging Reps. Ciscomani, Davis to fight for small businesses, workers
New ads encourage Rep. Juan Ciscomani (R-Ariz.) to keep fighting for policies that will protect workers and recognize Rep. Don...
House subcommittee budgets $276 million for CDFI Fund in draft appropriations bill
A House subcommittee budgeted $276.6 million for the Community Development Financial Institutions Fund in its draft fiscal year 2025 appropriations...
Quarterly Banking Profile: Banking net income $64.2 billion in Q1 2024
The banking industry reported net income of $64.2 billion in the first quarter of 2024, an increase of $28.4 billion...
