Newsbytes | ABA Banking Journal https://bankingjournal.aba.com/category/newsbytes/ Fri, 03 Jul 2026 13:58:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 Fed: Noncash payments continue to grow, credit cards more frequently used https://bankingjournal.aba.com/2026/07/fed-noncash-payments-continue-to-grow-credit-cards-more-frequently-used/ Fri, 03 Jul 2026 13:58:55 +0000 https://bankingjournal.aba.com/?p=66422 The number of noncash payments more than tripled since 2000, with credit cards now outpacing debit cards in growth in use, according to initial findings from the Federal Reserve's triennial payments study.

The post Fed: Noncash payments continue to grow, credit cards more frequently used appeared first on ABA Banking Journal.

]]> ABA DataBank: 2026 Fourth of July cookout https://bankingjournal.aba.com/2026/07/aba-databank-2026-fourth-of-july-cookout/ Fri, 03 Jul 2026 13:48:48 +0000 https://bankingjournal.aba.com/?p=66417 As Americans prepare to celebrate the Fourth of July, the cost of a traditional cookout averages $73.82 for 10 people in 2026, up $2.90 (or 4%) from last year and broadly in line with inflation.

The post ABA DataBank: 2026 Fourth of July cookout appeared first on ABA Banking Journal.

]]> ABA joins with consumer rights group to protect fraud alerts https://bankingjournal.aba.com/2026/07/aba-joins-with-consumer-rights-group-to-protect-fraud-alerts/ Wed, 01 Jul 2026 16:15:12 +0000 https://bankingjournal.aba.com/?p=66410 ABA joined with the National Consumer Law Center and ACA International in proposing to the FCC a rewrite of the “revoke all” rule. The rule is set to take effect on January 31, 2027, but the FCC is currently reconsidering the rule.

The post ABA joins with consumer rights group to protect fraud alerts appeared first on ABA Banking Journal.

]]> Warsh weighs in on Fed independence, inflation https://bankingjournal.aba.com/2026/07/warsh-weighs-in-on-fed-independence-inflation/ Wed, 01 Jul 2026 15:56:49 +0000 https://bankingjournal.aba.com/?p=66400 Federal Reserve Chairman Kevin Warsh said the public will “see no changes” in Fed independence and that prices remain “too high” but that inflation risks have come down.

The post Warsh weighs in on Fed independence, inflation appeared first on ABA Banking Journal.

]]> Construction spending edged up 0.1% in May https://bankingjournal.aba.com/2026/07/construction-spending-edged-up-0-1-in-may/ Wed, 01 Jul 2026 15:10:13 +0000 https://bankingjournal.aba.com/?p=66394 Construction spending during May 2026 was estimated at a seasonally adjusted annual rate of $2,210.2 billion, 0.1% above the April estimate of $2,207.1 billion.

The post Construction spending edged up 0.1% in May appeared first on ABA Banking Journal.

]]> ABA DataBank: ISM Manufacturing PMI remains in expansion https://bankingjournal.aba.com/2026/07/aba-databank-ism-manufacturing-pmi-remains-in-expansion/ Wed, 01 Jul 2026 14:55:25 +0000 https://bankingjournal.aba.com/?p=66389 The ABA Office of the Chief Economist believes the manufacturing sector’s sixth consecutive month of expansion points to the sector’s continued resilience after a 10-month-long period of contraction. Overall activity remained firmly above year-ago levels. Strong manufacturing business activity will continue to support C&I loan demand.

The post ABA DataBank: ISM Manufacturing PMI remains in expansion appeared first on ABA Banking Journal.

]]> CDFI Fund launches online Opportunity Zone nomination tool https://bankingjournal.aba.com/2026/07/cdfi-fund-launches-online-opportunity-zone-nomination-tool/ Wed, 01 Jul 2026 14:48:55 +0000 https://bankingjournal.aba.com/?p=66391 The CDFI Fund has launched an online tool that state governors can use to nominate communities as qualified Opportunity Zones, which provide tax incentives for investing in distressed communities. New designations occur only once every 10 years.

The post CDFI Fund launches online Opportunity Zone nomination tool appeared first on ABA Banking Journal.

]]> ADP: 98,000 jobs added in June https://bankingjournal.aba.com/2026/07/adp-98000-jobs-added-in-june/ Wed, 01 Jul 2026 14:26:27 +0000 https://bankingjournal.aba.com/?p=66386 The non-farm private sector added 98,000 jobs in June, and annual pay was up 4.4% year-over-year, according to the ADP National Employment Report. This follows an unchanged May report of 122,000.

The post ADP: 98,000 jobs added in June appeared first on ABA Banking Journal.

]]> FFIEC reaffirms efforts to boost de novo bank formation https://bankingjournal.aba.com/2026/07/ffiec-reaffirms-efforts-to-boost-de-novo-bank-formation/ Wed, 01 Jul 2026 14:24:38 +0000 https://bankingjournal.aba.com/?p=66384 The Federal Financial Institutions Examination Council released a statement reaffirming its members’ commitment to promoting de novo bank formation by exploring ways to lower regulatory barriers to creating new financial institutions.

The post FFIEC reaffirms efforts to boost de novo bank formation appeared first on ABA Banking Journal.

]]> House committee advances ABA-backed bills on fair credit liability, check fraud https://bankingjournal.aba.com/2026/06/house-committee-advances-aba-backed-bills-on-fair-credit-liability-check-fraud/ Tue, 30 Jun 2026 21:40:17 +0000 https://bankingjournal.aba.com/?p=66379 The House Financial Services Committee advanced legislation that would align Fair Credit Reporting Act liability with other financial consumer protection laws, reform the Securities and Exchange Commission and give banks more time to verify suspicious checks. The three bills were supported by ABA.

The post House committee advances ABA-backed bills on fair credit liability, check fraud appeared first on ABA Banking Journal.

]]>