ABA Wins Additional Relief on Liquidity Definition
The Federal Reserve today issued its final rule counting certain municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio — a step ABA has long advocated.
The Federal Reserve today issued its final rule counting certain municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio — a step ABA has long advocated.
Total nonfarm payroll employment rose by 215,000 jobs in March, down from last month’s upwardly revised total of 245,000. The national unemployment rate rose slightly to 5.0 percent. The services sector added 219,000 jobs, down from 260,000 in February. The majority of new service jobs were in education and healthcare, which added 51,000 jobs. Over
After a yearlong suspension while it updated its submission system, the Consumer Financial Protection Bureau will resume accepting the card agreements that issuers are required to submit to the bureau.
ABA today applauded the OCC for its white paper outlining principles for how the agency will support innovation in the financial system.
The Consumer Financial Protection Bureau has updated certain compliance guides related to Regulation Z to reflect last week’s rule broadening the availability of certain special provisions for small creditors operating in rural or underserved areas.
In a comment letter to the New York State Department of Financial Services, the American Bankers Association urged the agency to withdraw a proposed anti-money laundering regulation that would apply to all financial institutions chartered in the state.
Employers announced plans to cut 48,207 jobs in March, according to a report issued by Challenger, Gray & Christmas. March’s announced cuts were 21.7 percent below February’s total, but 31.7 percent above the year-ago rate. Cuts through the first quarter of 2016 were 31.8 percent higher than in the first quarter of 2015. “Job cuts
Commercial banks reported total trading revenue of $22.8 billion in 2015, about the same as the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.
Mobile banking use continued to grow in 2015, according to a survey released today by the Federal Reserve.
ABA today renewed its endorsement of the insurance products marketed and administered by Affinion Insurance Solutions, including accidental death and dismemberment and hospital accident protection and recuperative care, as well as a new product, simplified issue term life insurance.