Banking agencies issue revised risk management model guidance
The federal banking agencies rescinded existing risk management model guidance and replaced it with revised principles that they said better...
Newsbytes
ABA supports deregulatory approach in proposed CFPB strategic plan
The CFPB's new focus on reversing regulatory overreach and reducing unnecessary regulatory burdens will help make financial services more affordable...
ABA DataBank: Workplace use of generative AI
Overall, generative AI adoption remains widely uneven across the workforce.
ABA urges community bank relief on CECL accounting standard
In a new letter to the Financial Accounting Standards Board related to implementation issues of the Current Expected Credit Loss...
FHLBs propose allowing letters of credit for discount window advances
Federal Home Loan Bank members should be allowed to use short-term FHLB letters of credit to secure advances through the...
Industrial production fell in March
Industrial production dropped 0.5% in March from the previous month, the Federal Reserve reported. The March figure was up 2.4%...
Mortgage rates dip
The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.65%.
Study: Weak fundamentals primary cause of bank failures
A recent study of more than 150 years of U.S. bank data has concluded that weak fundamentals are the primary...
Senate Democrats seek delay of Fed chair nomination hearing
The eleven Democratic members of the Senate Banking Committee called for the committee to delay the nomination hearing for Kevin...
ABA: Policymakers should avoid changes that reduce credit availability
The Fair Credit Reporting Act is a critical consumer protection law that supports responsible lending, and policymakers should avoid changes...
