Community Banks’ Early Technology Investment Pays Off During Pandemic
Community banks that invested more in technology before COVID-19 made more loans and took in more deposits during the pandemic...
Newsbytes
ABA Data Bank: FOMC Evenly Split on Rate Hikes by the End of 2022
Following its September meeting, the FOMC said that tapering "may soon be warranted." Additionally, the Fed's "dot plot" now shows...
New Home Sales Rise in August
New single-family home sales rose to a seasonally adjusted annual rate of 740,000 in August, according to the U.S. Census...
ABA Opposes Legislation to Expand Credit Union Business Lending
In a letter to Rep. Vicente Gonzalez (D-Texas) and Rep. Brian Fitzpatrick (R-Pa.) today, the American Bankers Association said that...
Tax Foundation: Eliminating Credit Union Tax Exemption Would Do Minimal Economic Harm
Eliminating the credit union tax exemption would support sound tax policy, a new report from the Tax Foundation found. The...
ABA Nominates Officers, Board for 2021-2022
The American Bankers Association’s nominating committee—chaired by Laurie Stewart, president and CEO of Sound Community Bank, Seattle—has selected a slate...
CDFI Announces 2021 Small Dollar Loan Program Awards
The Community Development Financial Institutions Fund today awarded more than $10.8 million in grants through the 2021 Small Dollar Loan...
ABA Supports FASB Projects to Improve TDR, Goodwill Accounting
The American Bankers Association this week called on the Financial Accounting Standards Board to prioritize projects to improve accounting for...
FOMC: Asset Purchases May be ‘Moderated’ if Economic Progress Continues
If the economy continues to improve broadly, “a moderation in the pace of asset purchases may soon be warranted,” the...
House Committee Votes to Include Cannabis Banking Bill in NDAA
In an overwhelming, bipartisan vote this week, the House Rules Committee agreed to include the SAFE Banking Act—an American Bankers...
