Powell: Recent Rise in Inflation Is ‘Transitory’
Testifying before a House hearing today, Federal Reserve Chairman Jerome Powell said that a recent rise in inflation is transitory...
Newsbytes
ABA, Trade Groups Warn Against Changes to Section 199A Tax Deduction
The American Bankers Association and a broad coalition of trade associations today urged congressional leaders to oppose any efforts to...
IRS Adds Online Tools to Manage Child Tax Credit Payments
The Internal Revenue Service released two new online tools to help manage monthly Child Tax Credit payments, which were authorized...
Carollo Recognized with Distinguished Service Award
Maureen Carollo, SVP and director of compliance for Great Plains National Bank, received the Distinguished Service Award for compliance during...
Survey: One in Five Millennials Have HSAs
Younger Americans are embracing health savings accounts, with about one in five people in their 30s having an account, according...
ABA Report: Ag Lending Remains Strong Despite Small Decrease in 2020
Agricultural lending by the nation’s farm banks dipped 1.8% to $98.6 billion in 2020 as demand for agricultural production loans...
Agencies Update BSA/AML Examination Manual
The Federal Financial Institutions Examination Council today released updates to its Bank Secrecy Act/anti-money laundering examination manual. The updates—which do...
CFPB Issues Statement on Juneteenth Mortgage Closing Delays, Signals Further Guidance
After advocacy by ABA, the Consumer Financial Protection Bureau issued a statement last night on mortgage closing delays that might...
ABA Data Bank: Supporting Rural America
U.S. banks extended $174 billion in farm loans in 2020, of which $98.5 billion came from farm banks that specialize...
ABA Urges CFPB to Provide Guidance on Last-Minute Holiday’s Effects on Mortgage Closing
Despite urgent requests from ABA and others, the Consumer Financial Protection Bureau has thus far indicated to ABA staff that...
