Newsbytes

Kansas Ag Banker: Expanding FCS Won’t Help Rural America

Responding to a recent American Banker op-ed calling for the expansion of the Farm Credit System, Leonard Wolfe, president and chairman at United Bank and Trust in Marysville, Kan., said that any effort to do so would “fundamentally ignore the reality on the ground in agricultural lending today” and ultimately do little to help rural America. 

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Producer Prices Declined 0.2 percent in December

Producer prices declined 0.2 percent in December, seasonally adjusted, after rising 0.1 percent in November, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5 percent on an un-adjusted basis for the twelve months of 2018. The index for final demand goods moved down 0.4 percent in December, mirroring last month’s decline. The index for final demand energy ...

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Associations Call for Broad Collaboration on Privacy

As the National Institute of Standards and Technology works to develop a sector-wide privacy framework, ABA yesterday joined the Bank Policy Institute and SIFMA in a comment letter encouraging NIST to consider existing data privacy frameworks already in place for financial institutions and to work collaboratively with the private sector.

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Survey: Bank Investors Dispute Need for CECL

Three-quarters of bank investors disagree that change is necessary to loan loss accounting rules, while just 17 percent support a change, according to a recent survey of non-management bank investors conducted by FIG Partners.

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BAFT Announces Future Leaders Program Class of 2019

BAFT -- ABA’s global transaction banking subsidiary -- yesterday recognized the 32 members of its Future Leaders program class of 2019. This year’s class includes bankers from 14 different countries, representing a wide variety of disciplines within the transaction banking industry.

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Consumer Prices Declined Slightly in December

The Consumer Price Index dipped 0.1 percent in December on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed no change in November. Over the last 12 months, the all-items index rose 1.9 percent, the first time this index has increased at less than 2 percent since August 2017. Prices for all items less food and ...

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