BankBeat names Bryan Bruns as ‘banker of the year’
Citing his leadership in advocacy and “his thoughtful, deliberate dedication to the essence of community banking,” BankBeat magazine has named...
Newsbytes
ABA: Proposed fiduciary rule will harm retirement savers
The Department of Labor’s proposed expansion of its investment advice regulation—known as the fiduciary rule—is overbroad, overreaching, and would make...
FinCEN begins collecting beneficial ownership information
The Financial Crimes Enforcement Network announced that it is accepting beneficial ownership information reports as required by the Corporate Transparency...
Construction spending increases in November
Construction spending during November 2023 was estimated at a seasonally adjusted annual rate of $2,050.1 billion, 0.4% above the revised...
ABA calls for changes to CFPB’s Section 1033 proposal
ABA raised concerns that several aspects of the CFPB’s proposal to implement Section 1033 of the Dodd Frank Act—which governs...
FASB will not eliminate HTM classification
The Financial Accounting Standards Board in December rejected several agenda requests, including voting unanimously to reject a request to eliminate...
Banking agencies update rules of practice, procedure on electronic communications
The banking agencies have updated their uniform rules of practice and procedure to recognize the use of electronic communications in...
Treasury Department seeks public comment on financial inclusion strategy
The Treasury Department is seeking public comment to inform the development of a national strategy for financial inclusion.
New home sales decreased in November
New single-family home sales decreased to a seasonally adjusted annual rate of 590,000, according to the U.S. Census Bureau and...
ABA urges relief from new tax on failed bank purchasers
A new tax created by the passage of the Inflation Reduction Act in 2022 could discourage mid-sized financial institutions from...
