Fed report: Banking sector remains sound
The banking sector remains sound overall and most banks continue to report capital levels above regulatory requirements, the Federal Reserve...
Newsbytes
Fed’s Bowman: Lowering debit card fees would harm low-income consumers
A proposal to significantly lower the cap on debit card interchange fees earned by banks is unfair to many issuers...
Powell: Further rate hikes not off the table
Federal Open Market Committee members are not confident that current monetary policy is restrictive enough to bring inflation down to...
Cleveland Fed begins search for next president
The Federal Reserve Bank of Cleveland announced that it has launched a search for a president and CEO to succeed...
ABA, associations seek comment extension on proposed fiduciary rule
ABA and 17 associations asked the Department of Labor for an extension of the public comment period for a proposed...
ABA welcomes congressional review of proposed capital standards
ABA strongly supports efforts by the House Financial Services Subcommittee on Financial Institutions and Monetary Policy to investigate “the chaotic...
Report highlights FHLB affordable housing efforts in 2022
Federal Home Loan Banks awarded approximately $266.9 million in affordable housing funds in 2022—approximately 24% less than in 2021—to assist...
ABA, associations: Overtime proposal ‘fundamentally flawed’
ABA joined 243 national, state and local industry trade associations to urge the Department of Labor to withdraw its proposed...
ABA Foundation: Bankers reach 1.2 million people with financial education programs
The ABA Foundation announced this week that roughly 33,000 bank volunteers from 800 banks have reached more than 1.2 million...
Firstar Bank to buy First National Bank in Oklahoma
Firstar Bank in Sallisaw, Oklahoma, has agreed to buy First National Bank of Stigler in Oklahoma.
