Legislation that would require corporations to report their greenhouse gas emissions has been reintroduced in the California State Senate, with the proposed law modeled after an ABA-opposed bill that was narrowly defeated by state lawmakers last year.
Financial Accounting Standards Board’s parent organization announced this week it would provide free, enhanced online access to the Accounting Standards Codification and the Governmental Accounting Research System.
New orders for manufactured durable goods in December, up four of the last five months,…
Real GDP increased at a seasonally adjusted annual rate of 2.9% during the fourth quarter…
Many Americans are taking steps such as cutting back on discretionary spending and building emergency funds as they prepare for a recession, according to a new survey by J.D. Power.
Cybersecurity will be the top risk priority for most community banks over the next 18 months, with operational risk and compliance risk also high priorities, according to the ABA Banking Risk and Compliance Management 2023 Outlook survey released this week.
The Federal Reserve this week released guidelines for how it would evaluate requests from state-charted but non-FDIC-insured financial institutions seeking to engage in novel activities, such as those involving cryptoassets.
“ABA’s latest Credit Conditions Index provides further evidence that lenders are adjusting to economic conditions and preparing for increased financial stress among consumers and businesses this year,” said ABA Chief Economist Sayee Srinivasan.
Two-thirds of U.S. residents believe inflation will be worse in 2023 than it was last year, according to a new survey by WalletHub.
Bank economists expect credit conditions to soften over the next six months as the economy slows and the Federal Reserve considers additional steps to rein in inflation, according to the Credit Conditions Index released this week by ABA’s Economic Advisory Committee.