ABA DataBank: New home sales decline 10.5% in July
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July.
Newsbytes
Quarterly Banking Profile: Banking net income $90.1B in Q2 2026
The banking industry reported a return on assets ratio of 1.37% and aggregate net income of $90.1 billion in the...
Treasury announces Quantum-Readiness Task Force
The Treasury Department announced the launch of a new public-private initiative "to help accelerate the U.S. financial sector's transition to...
Crews designated NCUA chairman
John Crews has been sworn in as chairman of the National Credit Union Administration, the agency announced. Crews currently is...
Federal agencies rescind guidance on special-purpose credit programs
Federal housing and banking regulators are rescinding 2022 guidance on special-purpose credit programs, saying the document conflicts with fair lending...
ABA, IBA release ads urging Hinson, Nunn to keep fighting for Iowa families
ABA and the Iowa Bankers Association released new ads highlighting Reps. Ashley Hinson’s (R-Iowa) and Zach Nunn’s (R-Iowa) efforts to...
Tioga-Franklin Savings Bank in Philadelphia closed by regulators
Pennsylvania regulators closed Tioga-Franklin Savings Bank in Philadelphia and appointed the FDIC as receiver. Second Federal Savings and Loan Association...
ABA: Proposed customer identification standards for stablecoin issuers need strengthening
A proposed rule to require payment stablecoin issuers to maintain customer identification programs must go further if it is to...
ABA: International payment transparency standards need more work
A recent effort by the Financial Action Task Force to improve cross-border payment transparency is commendable, but there are additional...
ABA DataBank: Treasury yields retrace buyback drop
The 30-year Treasury yield recently reached a nearly 20-year high amid concerns over the fiscal deficit, AI-related borrowing, and inflation
