ABA Supports DOL’s Re-Proposed Fiduciary Rule, Recommends Adjustments
ABA today welcomed the Department of Labor’s long-awaited re-proposal to regulate investment advice fiduciaries under the Employee Retirement Income Security...
Newsbytes
Household Debt Sees Biggest Decline in Seven Years as Consumers Trim Spending
Outstanding household debt dipped by 0.2% in the second quarter of 2020, falling by $34 billion to land at $14.27...
State Associations: Include E-Sign Modernization Bill in COVID Relief Package
As Senate leaders continue to negotiate provisions in the latest round of legislative coronavirus relief, the 51 state bankers associations...
Survey: Bank Cyber Risk Management Increasingly Part of IT Function
Cybersecurity in the financial sector is becoming more integrated with the IT functions, according to a survey of chief information...
ISM: Non-Manufacturing Sector Growth Continues in July
The ISM Services Index (formerly non-manufacturing sector) grew in July for the second consecutive month. The index registered 58.1% in...
International Trade Balance Tightened in June
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ADP: 167,000 Jobs Gained in July
The non-farm private sector added 167,000 jobs in July, according to the ADP National Employment Report. This follows a revised...
ABA Welcomes CFPB’s Reg Z Libor Transition Proposal, Recommends Tweaks
With the London Interbank Offered Rate relied on by many banks not guaranteed to be available after 2021, ABA and...
SBA Releases New PPP Forgiveness FAQs, Lending Data
The Small Business Administration today released a new set of frequently asked questions regarding the forgiveness of Paycheck Protection Program...
ABA, Trades Call on FHA to Revise Underwriting Policy on Student Debt
ABA this week joined a coalition of housing and financial trade groups in a letter urging the Federal Housing Administration...
