Consumer Prices Increased in October

The Consumer Price Index rose 0.3 percent in October on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.1 percent September increase. Over the last 12 months, the all-items index rose 2.5 percent, up from last month’s 2.3 percent increase. Prices for all items less food and energy, the “core CPI,” grew 0.2 percent ...

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Bonus Podcast: Key Points on CRA Modernization

With less than a week before comments are due on the OCC’s August advance notice of proposed rulemaking on the Community Reinvestment Act, ABA VP Krista Shonk follows up an earlier podcast interview with tips on how to complete a comment letter and key points ABA will be making in its own letter.

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ABA Proposes Solutions to Critical Issues with Deposit Recordkeeping Rule

Following a recent meeting with FDIC Chairman Jelena McWilliams, ABA today sent a letter to the FDIC calling on the agency to address three critical issues related to its deposit recordkeeping final rule. The 2016 rule requires banks with more than 2 million deposit accounts to upgrade deposit recordkeeping systems to facilitate determination of FDIC-insured deposits should they fail. As ...

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