Fed Proposes Tiered Review Framework for Payments System Access
The Federal Reserve today published for comment updates to the proposed guidelines it will use when evaluating requests for master...
Newsbytes
ABA to Congress: Question Tax Exempt Status of Credit Unions
As the credit union industry lobbies Congress this week, the American Bankers Association today urged all members of the House...
FDIC: Bank Profits Rise in Fourth Quarter, Full Year
FDIC-insured banks and savings institutions earned $63.9 billion in the fourth quarter of 2021, a 7.4% increase from the year...
GOP Lawmakers Call Out USPS’ Expansion of Financial Products
A group of Republican lawmakers led by Rep. Blaine Luetkemeyer (R-Mo.) today expressed concern about a recent attempt by the...
Construction Spending Increases in January
Construction spending was at a seasonally adjusted annual rate of $1,677.2 billion in January, 1.3% above the revised December estimate...
ISM Manufacturing Increases in February
The ISM Manufacturing Index registered 58.6 points in February, 1.0 percentage point higher than the January reading of 57.6%. This...
Two Former Senators Added to Summit Speaker Lineup
Former Senators Claire McCaskill (D-Mo.) and Kelly Ayotte (R-N.H.) have been added to the speaker lineup for the American Bankers...
CFPB Issues Compliance Bulletin on Auto Repossessions
In a compliance bulletin issued today, the CFPB signaled that it will hold auto loan holders and servicers “accountable for...
NCUA Chairman Says Credit Union Consumer Protection Standards Should Match Banks’
National Credit Union Administration Chairman Todd Harper today made the case that consumer financial protection standards at credit unions should...
Reps. Maxine Waters, Ed Perlmutter to Speak at ABA Washington Summit
House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and veteran committee member Rep. Ed Perlmutter (D-Colo.) have been added to...
