Consumer Sentiment Remains Strong in January
Consumer Sentiment increased 0.5 points in January to 99.8, according to the University of Michigan Consumer Sentiment Index. January’s figure...
Newsbytes
Agencies Propose Regulatory Reforms to Volcker Rule’s ‘Covered Funds’ Provisions
The federal banking agencies today issued a joint proposal to amend the “covered funds” regulatory provisions of the Volcker Rule,...
FDIC Finalizes Changes to Securitization Safe Harbor Rule
The FDIC today finalized amendments to its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC...
Fed Finalizes Rule to Clarify Bank Control Determinations
The Federal Reserve today issued a final rule amending its existing rules for determining control of a company by another...
Fourth Quarter GDP Grew at 2.1%
Real GDP grew at a seasonally adjusted annual rate of 2.1% during the fourth quarter of 2019, according to the...
Otting Defends OCC’s CRA Modernization Proposal At House Hearing
During an often contentious hearing before the House Financial Services Committee today, Comptroller of the Currency Joseph Otting defended his...
ABA Calls for Transparency on Hemp Licenses, Flexibility on THC Test
ABA today recommended several changes to the U.S. Department of Agriculture’s interim final rule that would facilitate banks offering services...
Fed Holds Interest Rates Steady
As expected by economists, the Federal Open Market Committee today voted unanimously to hold the target range for the federal...
ABA Launches Bank Training for Detecting Human Trafficking
Recognizing the crucial role banks can play in combating human trafficking and human smuggling, ABA yesterday launched a new online...
ABA Outlines Principles for More Transparent Regulation in Letter to FDIC
In a comment letter to the FDIC today, the American Bankers Association outlined five general principles that the agency should...
