Newsbytes | ABA Banking Journal https://bankingjournal.aba.com/category/newsbytes/ Fri, 12 Jun 2026 22:44:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 FinCEN updates guidance for financial institutions on sharing information about fraud https://bankingjournal.aba.com/2026/06/fincen-updates-guidance-for-financial-institutions-on-sharing-information-about-fraud/ Fri, 12 Jun 2026 22:44:07 +0000 https://bankingjournal.aba.com/?p=66064 FinCEN issued an updated fact sheet to clarify how financial institutions can share information with each other about suspected fraud under the provisions of the USA PATRIOT Act.

The post FinCEN updates guidance for financial institutions on sharing information about fraud appeared first on ABA Banking Journal.

]]> Report: Software vulnerabilities become top vector for data breaches https://bankingjournal.aba.com/2026/06/report-software-vulnerabilities-become-top-vector-for-data-breaches/ Fri, 12 Jun 2026 19:26:04 +0000 https://bankingjournal.aba.com/?p=66062 Exploitation of software vulnerabilities has become the most common initial access vector for data breaches, according to the most recent Data Breach Investigations Report by Verizon.

The post Report: Software vulnerabilities become top vector for data breaches appeared first on ABA Banking Journal.

]]> ABA DataBank: A tale of two cabins https://bankingjournal.aba.com/2026/06/aba-databank-a-tale-of-two-cabins/ Fri, 12 Jun 2026 17:30:15 +0000 https://bankingjournal.aba.com/?p=66052 The K-shaped economy is increasingly visible in airline ticket purchasing patterns.

The post ABA DataBank: A tale of two cabins appeared first on ABA Banking Journal.

]]> ABA urges OCC to coordinate with other regulators on stablecoin https://bankingjournal.aba.com/2026/06/aba-urges-occ-to-coordinate-with-other-regulators-on-stablecoin/ Fri, 12 Jun 2026 17:27:21 +0000 https://bankingjournal.aba.com/?p=66026 The OCC needs to coordinate with other federal agencies to ensure that all stablecoin issuers are subject to the same regulatory expectations, ABA said.

The post ABA urges OCC to coordinate with other regulators on stablecoin appeared first on ABA Banking Journal.

]]> ABA DataBank: Preliminary consumer sentiment rebounds slightly in June https://bankingjournal.aba.com/2026/06/aba-databank-preliminary-consumer-sentiment-rebounds-slightly-in-june/ Fri, 12 Jun 2026 14:39:15 +0000 https://bankingjournal.aba.com/?p=66048 Historically low consumer sentiment has not resulted in a decline in consumer spending. Sustained weakness could mean softening demand for consumer credit heading into the second half of the year.

The post ABA DataBank: Preliminary consumer sentiment rebounds slightly in June appeared first on ABA Banking Journal.

]]> Senate Democrats urge Trump to fill vacancies at FDIC, SEC https://bankingjournal.aba.com/2026/06/senate-democrats-urge-trump-to-fill-vacancies-at-fdic-sec/ Thu, 11 Jun 2026 20:48:53 +0000 https://bankingjournal.aba.com/?p=66040 In a new letter, the Democratic members of the Senate Banking Committee criticized President Trump for not nominating any Democrats to the boards of the FDIC and other financial regulators, arguing the administration is defying decades of bipartisan tradition.

The post Senate Democrats urge Trump to fill vacancies at FDIC, SEC appeared first on ABA Banking Journal.

]]> Producer prices rose 1.1% in May https://bankingjournal.aba.com/2026/06/producer-prices-rose-1-1-in-may/ Thu, 11 Jun 2026 18:42:44 +0000 https://bankingjournal.aba.com/?p=66037 The Producer Price Index for final demand increased 1.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

The post Producer prices rose 1.1% in May appeared first on ABA Banking Journal.

]]> OCC publishes draft reporting forms for stablecoin issuers https://bankingjournal.aba.com/2026/06/occ-publishes-draft-reporting-forms-for-stablecoin-issuers/ Thu, 11 Jun 2026 18:32:26 +0000 https://bankingjournal.aba.com/?p=66034 The OCC has released for public review draft forms that will be used to collect information from payment stablecoin issuers under its jurisdiction.

The post OCC publishes draft reporting forms for stablecoin issuers appeared first on ABA Banking Journal.

]]> With AI threats, CISA offers agencies guidelines for patching software vulnerabilities https://bankingjournal.aba.com/2026/06/with-ai-threats-cisa-offers-agencies-guidelines-for-patching-software-vulnerabilities/ Thu, 11 Jun 2026 18:26:28 +0000 https://bankingjournal.aba.com/?p=66030 CISA released a new framework for federal civilian agencies in determining how quickly to patch software vulnerabilities, noting that artificial intelligence is “vastly increasing” the pace at which such vulnerabilities are discovered.

The post With AI threats, CISA offers agencies guidelines for patching software vulnerabilities appeared first on ABA Banking Journal.

]]> Mortgage rates rise https://bankingjournal.aba.com/2026/06/mortgage-rates-rise-32/ Thu, 11 Jun 2026 17:10:45 +0000 https://bankingjournal.aba.com/?p=66028 The rate for a 30-year fixed-rate mortgage was 6.52% this week. The rate for a 15-year fixed-rate mortgage was 5.84%.

The post Mortgage rates rise appeared first on ABA Banking Journal.

]]>