New ad urges Budd to continue advocating for farmers
The American Bankers Association today joined the North Carolina Bankers Association in releasing a new ad encouraging Rep. Ted Budd...
Newsbytes
263,000 jobs added in September, unemployment rate at 3.5%
Total nonfarm payroll employment rose by 263,000 in September, according to the Bureau of Labor Statistics. Total unemployed persons edged...
Fed minutes: Further rate increases anticipated
Federal Open Market Committee members anticipate that further increases in the federal funds rate will be necessary to bring down...
Virtual reality, blockchain present challenges for financial crime enforcement
Advancements in virtual reality combined with an internet that is growing more decentralized will present potentially major challenges for policing...
FinCEN’s Das outlines next steps for CTA rules and processes
FinCEN is developing guidance and educational materials and other tools to help companies prepare to file their beneficial ownership information...
Mississippi Bankers CEO pans Durbin expansion bill
A new legislative proposal giving merchants broad say over which credit card routing networks could drive up the cost of...
Producer prices increase in September
The Producer Price Index for final demand increased 0.4%in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today....
Trade groups: Data argues against deposit insurance assessment rate hike
The American Bankers Association and five trade associations reiterated their opposition to a proposed two basis-point increase in deposit insurance...
Report: Household spending expectations fall sharply in September
Consumers’ inflation expectations continued to decline in the short term but increased slightly in the medium and longer terms, according...
Regulators stress importance of third-party due diligence
The FDIC is “working diligently” to issue updated guidance to financial institutions on third-party risk management, the agency’s Associate Director...
