In testimony before the Senate Banking Committee today, Consumer Financial Protection Bureau director nominee Kathy Kraninger outlined her key priorities for leading the agency if confirmed, pledging to ensure that the CFPB functions in a fair and transparent manner and is accountable to taxpayers.

Testifying before the Senate Banking Committee today, Kimberly Reed -- the Trump administration’s nominee to serve as president of the U.S. Export-Import Bank -- said she would take “responsible steps to get Ex-Im operational so America can compete on a more level playing field.”

In just three months since the secured overnight financing rate was published, the number of transactions underlying SOFR on a daily basis has already surpassed the amount of those underlying Libor, Federal Reserve Vice Chairman for Supervision Randal Quarles said during taped remarks at a public roundtable hosted by the Alternative Reference Rates Committee today.

The House by a vote of 217 to 199 today passed H.R. 6147, a minibus appropriations bill which included a number of financial services provisions backed by the American Bankers Association.

On the latest episode of the ABA Banking Journal Podcast, leaders at a New Hampshire mutual holding company to discuss how the MHC structure allows each bank to retain its unique community presence but benefit from shared services.

Economic activity expanded at a moderate or modest pace across the twelve Federal Reserve Districts in late April and early May, according to the just-released Federal Reserve Beige Book. The report was based on information collected through July 9. The economic expansion over the period was driven in part by a pickup in consumer spending in all Districts. However, manufacturers ...

Housing starts decreased to a seasonally adjusted annual rate of 1.173 million in June, according to the U.S. Department of Commerce. The figure was 12.3 percent below the May rate of 1.337 million and 3.0 percent lower than the June 2017 rate. Single-family home starts fell 9.1 percent from last month. Multifamily declined 20.2 percent since May and are down 15.3 percent ...

The New York Department of Financial Services today issued a final rule adopting a “best interest” standard for insurers licensed to sell life insurance and annuity products.

In remarks at ABA’s Summer Leadership Meeting in Salt Lake City today, Federal Reserve Vice Chairman for Supervision Randal Quarles signaled that the Fed would act sooner than required by S. 2155 to tailor prudential standards for banks between $100 billion and $250 billion in assets.

The American Bankers Association nominating committee -- chaired by Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents Savings Bank, Orleans, Mass., -- has selected a slate of candidates for association officer positions.