Fed Announces Emergency Rate Cut Amid Coronavirus Fears
Acknowledging the “evolving risks” that the coronavirus outbreak poses to the U.S. economy, the Federal Open Market Committee unanimously voted...
Newsbytes
Financial Regulators Issue CECL Policy Statement
As banks work to implement the current expected credit loss accounting standard, the financial regulatory agencies have finalized an interagency...
USDA to Delay Certain Requirements for Industrial Hemp Producers
The Department of Agriculture announced last week that it will delay the enforcement of certain requirements of a December 2019...
ABA Opposes Prohibition of ‘Post-Trade Name Give-Ups’ for Anonymous Swaps
In a comment letter to the Commodity Futures Trading Commission today, ABA urged the agency not to move forward with...
Construction Spending Rate Increased in January
Construction spending rose 1.8 percent at a seasonally adjusted annual rate (SAAR) of $1,369.2 billion in January, according to the...
Manufacturing Sector Continued to Grow, Although at a Weak Pace, in February
The ISM Manufacturing Index registered 50.1 points in February, a decrease of 0.8 percentage point from the previous month, according...
Senate Banking Committee Chairman Added to ABA Summit Lineup
Sen. Mike Crapo (R-Idaho) has been added as a keynote speaker at the ABA Washington Summit, to be held March...
Pentagon Makes ABA-Urged Fix to Military Lending Act Interpretive Rule
The Defense Department today said it is withdrawing a provision in its interpretive rule to the Military Lending Act regulations...
As Agencies Revisit CAMELS, ABA Urges More Transparency
ABA today welcomed the Federal Reserve and FDIC’s effort to revisit the 41-year-old CAMELS uniform rating system and urged the...
J.D. Power: Banks Continue to Outperform Nonbanks with Small Biz Merchant Services
In a study evaluating small businesses’ satisfaction with merchant services providers, J.D. Power found for the second year in a...
