ABA, associations urge lawmakers to continue support for CDFI Fund
ABA joined four banking and housing lender associations in urging lawmakers to allocate at least $324 million for the CDFI...
Newsbytes
CFPB vacates settlement against lender over alleged redlining
The CFPB announced it will vacate an existing settlement with the Chicago-based lender Townstone Financial over alleged redlining.
FinCEN issues guidance on Mexico-based criminal organizations, ISIS
FinCEN issued an alert for financial institutions on bulk cash smuggling and repatriation by Mexico-based transnational criminal organizations. It also...
ISM: Manufacturing sector contacts in March
U.S. manufacturing activity contracted in March after two consecutive months of expansion, the Institute for Supply Management said.
Construction spending increased 0.7% in February
Construction spending in February was at a seasonally adjusted annual rate of $2.19 trillion, 0.7% above the revised January estimate,...
Bank mergers announced in multiple states
Among the deals announced were proposed bank acquisitions in Oklahoma and Tennessee and the merger of two Massachusetts mutuals.
ABA, associations: CFPB lacks authority to ban certain contract terms
The CFPB does not have the authority to prohibit contractual provisions in agreements for consumer financial products or services that...
ABA asks CFPB to nix proposal to regulate stablecoin, credit card rewards
ABA is urging the CFPB’s current leadership to withdraw a proposed interpretive rule that would expand Electronic Fund Transfer Act...
ABA banker stresses need for collaboration to fight fraud
Despite the banking industry’s significant effort and investment in fraud prevention tools, bad actors continue to target U.S. consumers, Darrin...
OCC withdraws from interagency climate-related risk management principles for large banks
In a statement, the OCC called the principles for guiding banks on climate-related financial risk "overly burdensome and duplicative."
