Consumer credit was unchanged in May
Total outstanding revolving credit, largely a reflection of credit card debt, decreased at an annual rate of 4.7% to $1.34...
Newsbytes
Despite Fed vote to keep rates steady, FOMC minutes show divide
Federal Reserve officials seemed to be divided over interest rates according to minutes released from the Federal Open Market Committee...
Podcast: Understanding the 2025 Home Mortgage Disclosure Act data
ABA economist Dan Brown discusses the recent release of HMDA data for 2025. He examines several trends, including the varying...
CFPB RFI seeks to reduce regulatory burdens, promote mortgage credit access
The CFPB is looking for information about “potential regulatory changes that may reduce regulatory burdens and promote access to mortgage...
Fed seeks comments on changes to AML program rules, aligns with other agencies
Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention...
CFPB releases its Fall 2025 Unified Agenda of Regulatory and Deregulatory Actions
Published twice a year, the URA outlines federal agencies’ anticipated regulatory and deregulatory activities. While the Fall agenda is typically...
ABA, BPI support proposed process to create drone no-fly zones
In a joint letter to the FAA, ABA and BPI said that unauthorized unmanned aircraft activity near financial institution sites...
International trade deficit increased by $23 billion in May
The May increase in the goods and services deficit reflected an increase in the goods deficit of $23.6 billion to...
New York Fed: Consumer inflation expectations rose in June
Perceptions about households’ current financial situations compared to a year ago improved, with a smaller share of households reporting a...
ABA comments on SEC semiannual vs. quarterly reporting proposal
ABA supports providing companies with additional flexibility, but noted “several practical considerations may limit the extent to which banks elect...
