Treasury, Agencies Urge Financial Institutions to Offer USD Libor Alternatives
In a letter to nonfinancial corporations today, the heads of the Treasury Department, Federal Reserve, Securities and Exchange Commission and...
Newsbytes
FDA Approves Pfizer-BioNTech COVID-19 Vaccine
As banks and other employers decide whether to mandate vaccination of their employees, the U.S. Food and Drug Administration today...
ABA Opposes Bill to Expand Credit Union Membership
In a letter to House Financial Services Committee leaders today, the American Bankers Association expressed opposition to a bill that...
Morning Consult: One in 10 Adults Don’t Have Checking, Saving Account
One in 10 adults say they do not have a checking or savings account, according to new research released by...
Existing-Home Sales Rise in July
Existing-home sales rose 2.0% in July to a seasonally adjusted annual rate of 5.99 million, according to the National Association...
Fed’s Bowman and OCC’s Hsu to Address Virtual ABA GRC Fall Meeting
Federal Reserve Board Governor Michelle Bowman and Acting Comptroller of the Currency Michael Hsu will address ABA's virtual Government Relations...
ABA Data Bank: International Container Shipping Freight Rates Skyrocket
Continued supply-chain constraints have driven shipping costs to record highs. The average price to ship a 40-foot container from China...
CFPB: Closed-End Mortgage Loans Increased in 2020
Closed-end mortgage originations increased 65.2% in 2020, driven primarily by an increase in mortgage refinance loans, according to a new...
J.D. Power: Consumer Satisfaction with Credit Cards Declines
Customer satisfaction with credit card issuers declined this year as card issuers worked to meet consumers’ needs amid continued economic...
ABA, Trade Groups Support Bill to Create Bipartisan Commission Structure for CFPB
In a letter to Rep. Blaine Luetkemeyer (R-Mo.) today, ABA and several financial trade groups expressed support for H.R. 4773,...
