Bipartisan group of lawmakers: Lowering debit fees could harm financial inclusion
A Federal Reserve proposal to lower debit interchange fees could make Bank On-certified accounts too costly for banks to offer...
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FinCEN pauses certain BOI reporting due to court decision
FinCEN announced it would pause collecting beneficial ownership information from certain individuals and businesses in response to a court ruling.
CFPB to curtail credit card late fee safe harbor
The CFPB released a final rule sharply reducing allowable late fees on credit card payments. ABA said the rule is...
ISM: Service sector expanded in February
The ISM nonmanufacturing index decreased 0.8% from the prior month to land at 52.6% in February, the Institute for Supply...
Factory orders increase fall in January
New orders of manufactured goods decreased $21.5 billion, or 3.6%, from the prior month to $569.7 billion in January, the...
Ohio banks to merge, Alabama bank to purchase Georgia bank
North Valley Bancshares agrees to buy Commodore Financial Network in Ohio; Southern States Bancshares in Alabama to purchase CBB Bancorp.
Rep. McHenry: Fed blundered policy response to bank failures
Federal Reserve regulators get “a failing grade” for their policy response to last year’s bank failures, House Financial Services Committee...
Growing number of lawmakers seek investigation of Navy Federal Credit Union
Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities...
ABA Data Bank: Immigration boom adds to labor force
According to the CBO, the projected size of the labor force will be larger by 1.7 million workers in 2024...
Consumer sentiment fell in February
The University of Michigan Consumer Sentiment Index decreased 2.7% in February compared to the month prior, landing at 76.9, according...
