Treasury Inconclusive on CECL Effects, Calls for Further Study
While noting emerging indicators that credit availability declined and lending standards tightened in early 2020, the Treasury Department yesterday said...
Newsbytes
FinCEN Considering BSA Changes to Improve Effectiveness of AML Programs
The Financial Crimes Enforcement Network is seeking public feedback on potential changes to the Bank Secrecy Act that would enhance...
Coin Task Force Publishes New Resources to Address Coin Circulation Issues
With the COVID-19 pandemic disrupting the circulation of coins nationwide, the U.S. Coin Task Force—of which the American Bankers Association...
Home Builder Confidence Reaches Record High in September
The National Association of Home Builders/Wells Fargo Housing Market Index increased to 83 in September, its highest reading on record,...
ABA, NCBA Release New Ad Highlighting Sen. Tillis’ Support for PPP
ABA and the North Carolina Bankers Association today released a new voter education ad thanking Sen. Thom Tillis (R-N.C.) for...
Retail Sales Up 0.6 Percent in August
There was $537.5 billion in retail and food service sales in August, up 0.6% from July and 2.6% above the...
CFPB Previews Section 1071 Proposals Under Consideration
The Consumer Financial Protection Bureau today issued an outline of the proposals it is considering for its rulemaking to implement...
ABA’s Nichols Discusses COVID-19 Response, Economic Outlook in Podcast
American Bankers Association President and CEO Rob Nichols today said the banking sector is “well-positioned” to help the economy recover...
FDIC Approves Plan to Restore DIF to Statutory Minimum Without Higher Assessments
FDIC Chairman Jelena McWilliams today signaled that an increase in the deposit insurance assessment rate schedule will likely not be necessary to...
ABA Urges Lawmakers to Pass E-Sign Modernization Bill
In a letter to Senate Commerce Committee leaders today, the American Bankers Association called on lawmakers to support S. 4159,...
