
ABA Data Bank: Economic sentiment improves in chemical manufacturing sector
Chemical manufacturers are relatively optimistic about the coming six months, according to a survey from the American Chemistry Council.
Chemical manufacturers are relatively optimistic about the coming six months, according to a survey from the American Chemistry Council.
The CFPB issued a consumer advisory warning that many popular nonbank payment apps lack deposit insurance and therefore the protection of keeping money in a bank account.
The Senate voted 63-36 in favor of an agreement to raise the debt ceiling. The legislation now heads to President Biden to sign into law.
The Bank for International Settlements’ proposed harmonization requirements for cross-border payments have not struck the right balance, and if mandated in their current form, would make cross-border payments slower, more expensive and less accessible than they are today, according to ABA, BAFT and the Clearing House
Six federal regulatory agencies requested public comment on a proposed rule to regulate the credibility of algorithmic models used in real estate valuations, which is part of a larger effort by the Biden administration to address appraisal bias.
In a comment letter, ABA opposed the National Credit Union Administration’s proposed rule to significantly expand federal credit unions’ field of membership to include out-of-state remote workers and noncontiguous rural districts, resulting in a pathway for FCUs to obtain a nationwide FOM
The establishment of a public/private standards-setting organization to help banks adopt third-party financial technology solutions is an idea that deserves further consideration, FDIC Vice Chairman Travis Hill said.
Assets at minority depository institutions grew from $246 billion in 2010 to $329 billion in 2022, with a significant amount of that growth occurring between 2019 and 2021, according to a new report on MDIs by the National Bankers Association Foundation.
The House voted 314-117 to approve an agreement to raise the debt ceiling. The legislation next heads to the Senate.
FHA is seeking feedback on a proposal to allow mortgage servicers to use the FHA Partial Claim to both bring a borrower’s mortgage current and provide temporary reductions for monthly mortgage payments for up to five years.