The case will be remanded to the district court where the judge will eventually rule on the merits of plaintiffs’ claims.
A conference is scheduled in the district court for October 5, 2015 to decide the next steps in the litigation.
Credit standards continued to ease in most commercial and consumer loan categories, according to the Federal Reserve’s latest survey of senior loan officers released today.
With the House now in recess and the Senate leaving Washington, D.C., this week, lawmakers will spend August in their home states to meet with constituents. Bankers are encouraged to set up appointments now if they have not done so already.
ABA, through its Community Engagement Foundation, today shared the names of the experts responsible for judging the 2015 Community Commitment Awards.
The ISM Manufacturing Index fell to 52.7 points in July – down 0.8 points from June’s reading. The manufacturing sector is still growing as readings above 50 indicate expansion. Of the 18 component industries, 11 reported growth in July, unchanged from the previous month. Respondents noted that business conditions have changed little from last month,
Construction spending increased 0.1 percent in June to a seasonally adjusted annual rate (SAAR) of $1,064.6 billion. May spending was revised up from $1,035.8 to $1,063.5 billion. Construction spending during the first six months of 2015 amounted to $482.7 billion, 8 percent higher than the first six months of 2014. Total private construction fell to
Personal income increased $68.1 billion, or 0.4 percent, in June according to the Bureau of Economic Analysis, the same pace as the previous month. Personal consumption expenditures (PCE) increased $25.9 billion, or 0.2 percent, after increasing at a 0.7 percent rate in May. Disposable personal income – personal income less personal current taxes – increased
Senate Majority Leader Mitch McConnell (R-Ky.) said last week that he expects to bring the ABA-backed Cybersecurity Information Sharing Act to a vote in the Senate this week, although legislative procedures may prevent its reaching the floor.
The Senate yesterday passed a three-month extension to the Highway Trust Fund that the House had passed on Wednesday, providing both houses of Congress with more time to resolve differences about how to fund a longer-term roads bill.