Housing Starts Down 9.5% in April
Housing starts fell to a seasonally adjusted annual rate of 1.569 million in April, according to the U.S. Census Bureau....
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FDIC Solicits Feedback on Banks’ Digital Asset Activities
The FDIC is looking for feedback on insured depository institutions’ current and potential digital asset activities. According to the agency,...
ABA: Flood Insurance Guidance Should Not Serve as Basis for Supervisory Action
The American Bankers Association and 10 other trade groups commented today on the banking agencies’ proposed flood insurance guidance and...
Fed Survey: Even Amid Pandemic, Unbanked Share Dips
The share of unbanked American adults dipped to 5% in 2020, according to the Federal Reserve’s annual Report on the...
FTC: Cryptocurrency Investment Scams 12x Over Previous Year
Since October 2020, almost 7,000 people have reported losing money from cryptocurrency investment scams, the Federal Trade Commission said today—12...
ABA Backs Legislation to Extend New Markets Tax Credit
ABA supports bipartisan New Markets Tax Credit Extension Act. “By making NMTC permanent, our nation’s small businesses, investors and community...
Home Builder Confidence Remains Strong in May
The National Association of Home Builders/Wells Fargo Housing Market Index was unchanged at 83 in May. NAHB Chairman Chuck Fowke...
ABA, Trade Groups Urge Support for CDFI Funding Increase
The American Bankers Association and five other trade groups today urged House and Senate appropriations leaders to support $1 billion...
FHFA’s Calabria Defends Bank-Like Resolution Plans for Fannie, Freddie
Ensuring that Fannie Mae and Freddie Mac have bank-like resolution plans in place in the event the Federal Housing Finance...
ABA Data Bank: Smartphone Ownership Among Older Americans Increased in 2020
According to a survey by the AARP, 85% of adults over the age of 50 owned a smartphone in 2020,...
