ABA Emphasizes Need for Consumer Protection on Fintech ‘Buy Now, Pay Later’ Products
In a statement for the record submitted for a House Financial Services Fintech Task Force roundtable on “buy now, pay...
Newsbytes
FSB Provides Update on Efforts to Enhance ‘Shadow Banking’ Resilience
The Financial Stability Board this week provided an update on its efforts to enhance the resilience of the nonbank financial...
FDIC Creates New Office to Support Mission-Driven Banks
The FDIC announced today that it is creating a new office to support its engagement with mission-driven banks, including minority...
ABA, Trade Groups Call for Legislation to Address ‘Tough Legacy’ Contracts
With several tenors of Libor scheduled to sunset at the end of the year and the remainder in June 2023,...
Working Group Report: Stablecoins Should be Issued Only by Insured Depository Institutions
In a highly anticipated report today, President Biden’s Working Group on Financial Markets—in conjunction with the FDIC and the OCC—examined...
ABA Urges Labor Department to Delay Proposed Changes to Form 5500
The American Bankers Association today urged the Department of Labor to delay proposed changes to Form 5500, which reports annual...
Interview: Anderson Tackles Tough Topics as ABA’s New Chair
In a wide-ranging interview with American Banker, ABA Chair Scott Anderson discussed his objectives for the year ahead and touched...
ISM Manufacturing Decreases in October
The ISM Manufacturing Index registered 60.8 points in October, 0.3 percentage point lower than the September reading of 61.1%. This...
Construction Spending Falls in September
Construction spending was at a seasonally adjusted annual rate of $1,573.6 billion in September, 0.5% below the revised August estimate...
ABA Asks OCC to Minimize Burden on Banks During CRA Regulatory Transition
The American Bankers Association urged the OCC today to minimize the burden and confusion for banks that would result if...
