Newsbytes

ABA Concerned about Feasibility of Small Biz Data Collection

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

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Treasury Sanctions Iranians Involved in 2011-12 Bank DDoS Attacks

The Treasury Department’s Office of Foreign Assets Control today announced sanctions against 11 entities and individuals for support of previously sanctioned Iranian actors and for malicious cyber-crime, including a series of distributed denial of service attacks against U.S. financial institutions.

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Consumer Prices Accelerated in August

The Consumer Price Index grew 0.4% in August on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.1% July increase. Much of August’s acceleration can be attributed to higher gasoline prices due to Hurricane Harvey. Over the last 12 months, the all-items index rose 1.9%. Prices for all items less food and energy, the ...

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Producer Prices Grew 0.2% in August

Producer prices increased 0.2% in August, seasonally adjusted, after declining 0.1% in July, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.4% for the twelve months ended August 2017. The index for final demand goods advanced 0.5% in August, the largest increase since April. The index for final demand energy led the way, climbing 3.3%. Gasoline prices ...

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