2+ day, 1+ hour ago   (250+ words) New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6 billion, the U.S. Census Bureau reported. This followed a 0.2% decrease in June. Unfilled orders for manufactured durable goods in July, up twenty-four of the…...

1+ day, 1+ hour ago   (165+ words) Economic activity in the services sector continued to expand in August. The ISM Services Index indicated expansion at 55.4%, the 26th consecutive month in expansion territory. A value above 50 reflects expansion in the services sector while a value below 50 represents a contraction....

1+ week, 2+ day ago   (290+ words) The American Bankers Association and the Michigan Bankers Association have released a new ad highlighting Rep. Bill Huizenga’s (R-Mich.) support for policies that make life more affordable for Michigan families by lowering taxes and fighting scammers who target bank customers....

1+ week, 4+ day ago   (342+ words) The American Bankers Association and the Iowa Bankers Association today released new ads highlighting Reps. Ashley Hinson’s (R-Iowa) and Zach Nunn’s (R-Iowa) efforts to help banks better meet the needs of their customers and communities while expanding housing opportunities and…...

2+ week, 1+ day ago   (150+ words) ABA Banking Journal The rate for a 30-year fixed-rate mortgage was 6.65% this week, down from 6.67% last week, according to Freddie Mac. A year ago, the rate was 6.58%. The rate for a 15-year fixed-rate mortgage was 5.95%, down from 5.96% last week. A…...

1+ mon, 3+ day ago   (348+ words) For the first time in nearly 50 years, the Federal Reserve is proposing to comprehensively update the regulation governing extensions of credit to bank “insiders,” such as board directors, executives and major shareholders. Regulation O governs loans by covered banks to…...

1+ mon, 1+ week ago   (330+ words) First Financial Bancorp. in Cincinnati has agreed to buy Finward Bancorp in Munster, Indiana. The $22.4 billion-asset First Financial said in a press release that it will pay $208 million in stock for the $2 billion-asset Finward. The deal, which is expected to…...

1+ mon, 1+ week ago   (207+ words) ABA Banking Journal Durable goods orders increased in June New orders for manufactured durable goods increased $1.1 billion, or 0.3%, from the previous month to $334.8 billion in June, the U.S. Census Bureau said in its most recent advance report. The increase followed a…...

1+ mon, 1+ week ago   (340+ words) While federal law requires banking agencies to review their regulations every decade to identify and address unnecessary burdens, the agencies lack documented procedures to fulfill that obligation or determine its effectiveness, the General Accountability Office concluded in a new report....

1+ mon, 1+ week ago   (183+ words) The rate for a 30-year fixed-rate mortgage was 6.58% this week, up from 6.55% last week, according to Freddie Mac. A year ago, the rate was 6.74%. The rate for a 15-year fixed-rate mortgage was 5.96%, up from 5.93% last week. A year ago, the…...