Newsbytes

Credit card monthly purchase volumes increased in the third quarter compared to the second quarter of 2021, according to the...

Raskin: ‘Banks Choose Their Borrowers, Not the Fed’

Testifying before the Senate Banking Committee today, Sarah Bloom Raskin—President Biden’s nominee to serve as vice chairwoman for supervision at...

ISM: Service Sector Shrinks in January

Economy

The ISM Services Index registered 59.9% in January; 2.4 percentage points below the December reading of 62.3%. This reading represents...

New Orders for Manufactured Goods Decrease in December

Economy

New orders for manufactured goods in December, down following seven consecutive monthly increases, decreased $2.4 billion or 0.4% to $530.7...

NACHA: ACH Transaction Volume, Value Grow in 2021

Electronic ACH payment transaction volume grew by 8.7% last year, reaching 29.1 billion transactions, according to a report today from...

OCC Seeks Feedback on Large Bank Recovery Planning Guidelines

Compliance and Risk

The OCC is seeking comments on the renewal of its guidelines establishing standards for recovery planning by certain large banks.

FDIC Expands Campaign to Promote Bank Accounts

The FDIC today expanded its public awareness campaign about the benefits of opening a bank account. The campaign now targets...

ADP: 301,000 Jobs Lost in January

Economy

The non-farm private sector lost 301,000 jobs in January, according to the ADP National Employment Report. This follows a revised...

Rep. McHenry, Sen. Tester to Speak at ABA Washington Summit

Sen. Jon Tester (D-Mont.) and Rep. Patrick McHenry (R-N.C.) have been added to the speaker lineup for the American Bankers...

Financial Groups Call for Repeal of Durbin Amendment in Letter to Fed