SEC Seeks Feedback on Improving Resilience of Money Market Funds
The Securities and Exchange Commission is seeking feedback on potential ways to improve the resilience of money market funds in...
Newsbytes
ABA Foundation Launches 2021 Financial Education Campaign
The ABA Foundation today launched its 2021 financial education campaign, which consists of three programs—Teach Children to Save, Safe Banking...
J.D. Power: Satisfaction with Small Biz Merchant Services Declines
Small businesses’ satisfaction with merchant services providers took a hit during the COVID-19 pandemic, according to the J.D. Power 2021...
NACHA Sees Record Spike in ACH Payments during Pandemic
A total of 26.8 billion payments were made on the ACH Network in 2020—up 8.2% from a year prior—with a...
Factory Orders Rose 1.1% in December
New orders for manufactured goods in December, up eight consecutive months, increased 1.1% to $493.5 billion, according to the U.S....
Fed: 9 in 10 Small Businesses Seek Emergency Aid amid COVID-19 Hardships
The vast majority of small firms—95%—said that the coronavirus pandemic affected their business, with 26% reporting temporary closures, 56% reporting...
ABA, Trade Groups Call for Interagency CRA Rules
The American Bankers Association and a coalition of trade associations yesterday called for the OCC to withdraw its 2020 Community...
FedNow to Launch in 2023
The Federal Reserve yesterday said that its FedNow service will be ready to launch in 2023. The Fed previously indicated...
ISM: Service Sector Growth Continues in January
The ISM Services Index grew in January for the eighth consecutive month. The index registered 58.7% in January; 1.0 percentage...
ADP: 174,000 Jobs Gained in January
The non-farm private sector gained 174,000 jobs in January, according to the ADP National Employment Report. This follows a revised...
