Inflation drives business dissatisfaction with merchant services
Inflation is driving down small business satisfaction with payment processing solutions, according to a new survey on merchant services satisfaction...
Newsbytes
OIG Report: FDIC cyber risk examination program riddled with flaws
A federal program to assess IT and cyber risks at financial institutions has several significant flaws that could prevent it...
ISM Manufacturing contracts in December
The U.S. manufacturing sector contracted in January, as the Manufacturing PMI® registered 47.4 percent, 1 percentage point below the seasonally...
Construction spending decreases in December
Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% below the revised...
FED Raises rates by 0.25 basis points
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In...
FOMC raises rates by 25 basis points
The Federal Open Market Committee this week announced it would raise the target range for the federal funds rate by...
OCC announces loan origination threshold changes
The OCC this week issued a bulletin to inform banks and examiners that the loan origination threshold for reporting Home...
CFPB proposes to overturn longstanding credit card late fee safe harbor
The Consumer Financial Protection Bureau this week announced it would seek to curb what it called “excessive credit card late...
Proposed rule would require verification system for Treasury checks
The U.S. Treasury Department this week proposed a new requirement that financial institutions use the Treasury Check Verification System, or...
Postal Service proposes rule on mailing cash deposits
The U.S. Postal Service has proposed a rule amending its mailing standards for business customers looking to mail cash deposits.
