FinCEN Issues FAQs on Customer Due Diligence
The Financial Crimes Enforcement Network today published three frequently asked questions regarding customer due diligence requirements.
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Construction Spending Rate Fell Slightly in June
Construction spending fell 0.7% at a seasonally adjusted annual rate (SAAR) of $1,355.2 billion in June, according to the Census...
Manufacturing Sector Growth Rose in July
The ISM Manufacturing Index registered 54.2 points in July, an increase of 1.6 percentage points from the June reading of...
ABA Urges CFPB to Provide Better Disclosures and Consumer Education on Time-Barred Debt
In a comment letter filed today, ABA urged the CFPB to adopt more accurate and easily understandable disclosures related to...
ABA, Groups Urge House to Protect EIPs from Garnishment
Along with a coalition of bank trade groups and consumer advocacy organizations, ABA today urged the House to pass S....
ABA Urges DOL to Withdraw Proposal Limiting ESG Investment
The American Bankers Association this week urged the Department of Labor to withdraw a proposal that would limit pension fiduciaries’...
ABA, Trades Call for Liability Protection in Coronavirus Relief Bill
ABA joined a group of more than 480 trade groups representing a broad range of industries in a letter to...
ABA, State Associations Urge Passage of Streamlined PPP Forgiveness House Bill
The bill is expected to significantly reduce the paperwork burden for a vast majority of PPP borrowers.
ABA, State Associations Call for Guidance on Payment of Agent Fees for PPP Loans
The American Bankers Association and all 51 state bankers associations wrote to the Treasury Department and the Small Business Administration...
Consumer Sentiment Falls in July
Consumer Sentiment decreased 7.8 points in July to 72.5, according to the University of Michigan Consumer Sentiment Index. July’s figure...
