ISM Manufacturing Index Growth Remains Slow
The ISM manufacturing index was unchanged at 51.5 points in April. Index readings above 50 indicate expansion in the manufacturing economy.
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Construction Spending Fell in March
Construction spending declined 0.6 percent in March to a seasonally adjusted annual rate (SAAR) of $966.6 billion.
FDIC to Offer Teleconference on CFPB Mortgage Rules
The FDIC will hold a teleconference for bankers on the Consumer Financial Protection Bureau’s mortgage rules on May 21.
Consumer Compliance Outlook Spotlights Lender-Placed Flood Insurance
The most recent issue of the Federal Reserve publication Consumer Compliance Outlook features an article on lender-placed flood insurance.
ABA Invites Entries for 2015 Community Commitment Awards
ABA invites entries for the 2015 Community Commitment Awards, which recognize and promote the essential role banks play in their communities.
ABA: Ensure Basel Accounting Guidance Matches U.S. Standards
Responding to draft Basel Committee guidance on bank examination procedures for accounting for expected credit losses, ABA cautioned the committee that regulatory expectations must be proportional to the size and sophistication of individual banks.
Personal Income Growth Slowed in March
Personal income increased $6.2 billion, or less than 0.1 percent in March, according to the Bureau of Economic Analysis—a sharp decline from February’s estimate.
BAFT Calls for Ex-Im Reauthorization
BAFT, the international financial services association that is an ABA subsidiary, today joined the Financial Services Roundtable in urging Congress to reauthorize the U.S. Export-Import Bank before its charter expires at the end of June.