ABA urges OCC to coordinate with other regulators on stablecoin
The OCC needs to coordinate with other federal agencies to ensure that all stablecoin issuers are subject to the same...
Newsbytes
ABA DataBank: Preliminary consumer sentiment rebounds slightly in June
Historically low consumer sentiment has not resulted in a decline in consumer spending. Sustained weakness could mean softening demand for...
Senate Democrats urge Trump to fill vacancies at FDIC, SEC
In a new letter, the Democratic members of the Senate Banking Committee criticized President Trump for not nominating any Democrats...
Producer prices rose 1.1% in May
The Producer Price Index for final demand increased 1.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
OCC publishes draft reporting forms for stablecoin issuers
The OCC has released for public review draft forms that will be used to collect information from payment stablecoin issuers...
With AI threats, CISA offers agencies guidelines for patching software vulnerabilities
CISA released a new framework for federal civilian agencies in determining how quickly to patch software vulnerabilities, noting that artificial...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.52% this week. The rate for a 15-year fixed-rate mortgage was 5.84%.
Trump nominates Johnson to lead CFPB
President Trump nominated bank executive Brian Johnson to lead the CFPB, which has been without a full-time leader since the...
ABA backs proposed overhaul of BSA program rule
ABA said it strongly supports the shift toward risk-based compliance in a proposed overhaul of the Bank Secrecy Act program...
Financial Stability Board releases ‘sound practices’ for AI adoption
The Financial Stability Board has released a draft list of 12 sound practices to guide the adoption of artificial intelligence...
