ABA supports resolution to overturn CFPB data collection rule
In a letter to Senate leaders, ABA expressed support for a proposed resolution of disapproval seeking to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act.
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Treasury Department releases net-zero principles for financial institutions
The Treasury Department published a set of nine voluntary principles to promote consistency among financial institutions that have made commitments to reduce greenhouse gas emissions through their financing and investment decisions.
FIS signs on to ABA principles for strong bank-core provider relationships
Speaking to ABA’s Core Platforms Committee Monday, FIS President and CEO Stephanie Ferris announced that the Jacksonville, Florida-based core provider has signed on to ABA’s Principles for Strong Bank-Core Provider Relationships.
Home builder confidence falls in September
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) declined 5 points…
CFPB sets Reg Z annual threshold adjustments for 2024
The Consumer Financial Protection Bureau has announced the 2024 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act.
Democratic lawmakers urge Fed to do more on climate change
The Federal Reserve needs to implement measures to adequately address climate-related financial risk as its current efforts “fall short in responding to the current climate crisis,” a group of 11 Democratic lawmakers said.
Researchers find regulator communication may ease bank runs
Information provided by Federal Reserve and FDIC regulators can reduce the likelihood of depositors pulling their money following a bank run, but that same information coming from politicians is likely only to affect their electoral base, according to a new analysis.
Consumer sentiment fell in September
Consumer sentiment fell 1.8 points in September after holding steady for the past two months…
Industrial production rose 0.4% in August
Industrial production rose 0.4% in August, according to the Federal Reserve. July’s reading was revised…
ABA Data Bank: Inflation ticked back up in August
Prices for both consumers and producers increased again in August, according to the latest CPI and PPI readings from the Bureau of Labor Statistics.