Newsbytes | ABA Banking Journal https://bankingjournal.aba.com/category/newsbytes/ Fri, 01 May 2026 19:57:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 ABA, state bankers associations urge OCC to close yield loopholes in stablecoin rule https://bankingjournal.aba.com/2026/05/aba-state-bankers-associations-urge-occ-to-close-yield-loopholes-in-stablecoin-rule/ Fri, 01 May 2026 19:57:53 +0000 https://bankingjournal.aba.com/?p=65278 ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed rule implementing the Genius Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied to stablecoins. ABA also submitted its own letter.

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]]> ISM: Manufacturing sector expanded in April https://bankingjournal.aba.com/2026/05/ism-manufacturing-sector-expanded-in-april/ Fri, 01 May 2026 19:40:10 +0000 https://bankingjournal.aba.com/?p=65276 Economic activity in the manufacturing sector expanded in April for the fourth consecutive month, according to the Institute for Supply Management. The Manufacturing PMI registered 52.7% in April, unchanged from March.

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]]> Bowman: AI evolution requires flexible response from bank regulators https://bankingjournal.aba.com/2026/05/bowman-ai-evolution-requires-flexible-response-from-bank-regulators/ Fri, 01 May 2026 19:18:01 +0000 https://bankingjournal.aba.com/?p=65274 The rapid evolution of artificial intelligence technologies reinforces the need for regulators to adopt adaptable supervisory guidance and expectations, Federal Reserve Vice Chair for Supervision Michelle Bowman said.

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]]> ABA DataBank: Unemployment rate for college graduates declining https://bankingjournal.aba.com/2026/05/aba-databank-unemployment-rate-for-college-graduates-declining/ Fri, 01 May 2026 18:30:49 +0000 https://bankingjournal.aba.com/?p=65269 The seasonally adjusted unemployment rate for college graduates with Bachelor's degrees aged 20-24 years old was 4.0% in March 2026.

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]]> Bill to restrict interchange fees clears Colorado Senate https://bankingjournal.aba.com/2026/05/bill-to-restrict-interchange-fees-clears-colorado-senate/ Fri, 01 May 2026 18:10:38 +0000 https://bankingjournal.aba.com/?p=65265 The Colorado Senate narrowly passed legislation to prohibit the collection of interchange fees for sales taxes, with the bill modeled after an Illinois law that has been challenged in court by ABA and others.

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]]> Mortgage rates rise https://bankingjournal.aba.com/2026/04/mortgage-rates-rise-29/ Thu, 30 Apr 2026 20:59:32 +0000 https://bankingjournal.aba.com/?p=65252 The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.64%.

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]]> FCC proposes overhaul of voice service provider regulations to fight illegal calls https://bankingjournal.aba.com/2026/04/fcc-proposes-overhaul-of-voice-service-provider-regulations-to-fight-illegal-calls/ Thu, 30 Apr 2026 20:52:46 +0000 https://bankingjournal.aba.com/?p=65246 The FCC unanimously voted to move forward with proposed rulemaking to impose stronger “know your customer” requirements on voice service providers that originate calls. In addition, the FCC plans to soon take up a related proposal to remove voice service providers from U.S. networks when they enable illegal robocalls.

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]]> House passes Farm Bill https://bankingjournal.aba.com/2026/04/house-passes-farm-bill/ Thu, 30 Apr 2026 20:40:37 +0000 https://bankingjournal.aba.com/?p=65243 The House voted 224-200 in favor of its version of the Farm Bill, sending the legislation to the Senate.

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]]> CFPB finalizes streamlined small-business lending data rule https://bankingjournal.aba.com/2026/04/cfpb-finalizes-streamlined-small-business-lending-data-rule/ Thu, 30 Apr 2026 20:33:20 +0000 https://bankingjournal.aba.com/?p=65241 The CFPB has finalized revisions to its small-business lending data rule to scale back the scope of data collection, according to a notice in the Federal Register.

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]]> Congressional Democrats accuse Fed of ‘gutting’ stress tests https://bankingjournal.aba.com/2026/04/congressional-democrats-accuse-fed-of-gutting-stress-tests/ Thu, 30 Apr 2026 14:17:35 +0000 https://bankingjournal.aba.com/?p=65221 The top Democrats on the House and Senate banking committees are accusing the Federal Reserve of dismantling the stress test framework by seeking to make the process more transparent.

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