Outstanding household debt dipped by 0.2% in the second quarter of 2020, falling by $34 billion to land at $14.27 trillion, the Federal Reserve Bank of New York reported today.
As Senate leaders continue to negotiate provisions in the latest round of legislative coronavirus relief, the 51 state bankers associations today urged them to include S. 4159, the E-Sign Modernization Act, in the package.
Cybersecurity in the financial sector is becoming more integrated with the IT functions, according to a survey of chief information security officers released recently by Deloitte and the Financial Services Information Sharing and Analysis Center.
The ISM Services Index (formerly non-manufacturing sector) grew in July for the second consecutive month.…
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the…
The non-farm private sector added 167,000 jobs in July, according to the ADP National Employment…
With the London Interbank Offered Rate relied on by many banks not guaranteed to be available after 2021, ABA and the Consumer Bankers Association today welcomed the Consumer Financial Protection Bureau’s proposed changes to Regulation Z designed to facilitate the transition away from Libor.
The Small Business Administration today released a new set of frequently asked questions regarding the forgiveness of Paycheck Protection Program loans and reflecting recent changes to the program that were included in the PPP Flexibility Act.
ABA this week joined a coalition of housing and financial trade groups in a letter urging the Federal Housing Administration to change its current underwriting policy on student loan debt, noting that current requirements “may be disqualifying otherwise creditworthy borrowers” from qualifying for FHA financing.
As reported by Politico this week, Senate Banking Committee Chairman Mike Crapo (R-Idaho) wrote to the heads of the financial regulatory agencies urging them to extend certain CARES Act relief provisions.