Consumer credit increased in April
Consumer credit increased at a seasonally adjusted annual rate of 4.8% in April.
Newsbytes
ABA DataBank: Average maturity for used car loans remains elevated
Used-car loan term lengths remain near historically elevated levels, suggesting some borrowers are stretching repayment periods to manage higher vehicle...
FinCEN issues advisory on suspicious activity linked to employment of undocumented immigrants
FinCEN issued an advisory warning financial institutions “to be vigilant against risks presented by the unlawful employment of illegal aliens.”...
Proposed bill seeks to establish federal regulation of AI
Two lawmakers have released a draft bipartisan bill to establish a national regulatory framework for artificial intelligence, including increased penalties...
ABA names 2026 Banking Research Dissertation Grant recipient
ABA announced Jacob Moore as the recipient of its 2026 ABA Banking Research Dissertation Grant. The program provides economics or...
The Clearing House to launch tokenized deposits system for banks
A group of the nation’s largest banks announced today that the Clearing House is launching an initiative to enable the...
ABA DataBank: Job market heats up for the summer
ABA economists see evidence of a strengthening labor market that continues to grow despite price pressures. Job market strength should...
VA finalizes new partial claim program, loss mitigation updates
The Department of Veterans Affairs has finalized its new partial claim program and broader loss mitigation updates, which will be...
Banking regulations pressed on CRA, bank merger reform
The top banking regulators appeared before the House Financial Services Committee, where they said that a decision on whether to...
GAO: Expanded exemptions leave holes in beneficial ownership reporting
The Treasury Department has not taken steps to address gaps in beneficial ownership reporting resulting from its decision to exempt...
