Manufacturing Sector Contracts Further in September
The ISM Manufacturing Index registered 47.8 points in September, down 1.3 percentage points from the…
The ISM Manufacturing Index registered 47.8 points in September, down 1.3 percentage points from the…
ABA today welcomed the FDIC’s proposal to set how it applies deposit insurance assessment credits and urged the FDIC to “return the credit funds as expeditiously as is feasible to those banks to which they are due.”
With a key exception of the Consumer Financial Protection Bureau’s remittance rule set to expire in July 2020, a group of Republican lawmakers wrote to CFPB Director Kathy Kraninger today urging the bureau to “take every available step” to ensure that consumers may continue to access remittance services.
The share of current and performing first-lien mortgages in the second quarter of 2019 was 96.1%, up from 95.6% a year ago, according to the Mortgage Metrics Report released today by the OCC.
As the Federal Reserve moves ahead with the creation of the FedNow real-time payments service, interoperability with existing systems will be critical to ensuring consumer choice, according to an op-ed in American Banker today.
Fannie Mae and Freddie Mac will retain a total of $45 billion in earnings under a new agreement reached with the Treasury Department and the Federal Housing Finance Agency.
The financial regulatory agencies today issued a final rule—which takes effect immediately—raising the appraisal threshold for residential real estate transactions from $250,000 to $400,000.
The American Bankers Association Nominating Committee—chaired by Ken Burgess, chairman of FirstCapital Bank of Texas, Midland, Texas—has selected a slate of candidates for the association’s board of directors.
Read more in the ABA Survey of Bank Compliance Officers, and learn more about social…
The Senate’s version of a cannabis banking bill could include additional measures not included in the SAFE Banking Act, which passed the House by a bipartisan vote this week, Senate Banking Committee Chairman Mike Crapo (R-Idaho) said on Thursday.