ABA DataBank: Stock market and oil volatility diverge | ABA Banking Journal
Preliminary: Consumer sentiment increased 4. 9 points in JulyConsumer sentiment increased 4. 9 points month-over-month in July to 54. 4, but still down 7. 3 points from one year ago, according to preliminary. . .
Preliminary: Consumer sentiment increased 4. 9 points in JulyConsumer sentiment increased 4. 9 points month-over-month in July to 54. 4, but still down 7. 3 points from one year ago, according to preliminary results of the University of Michigan Surveys of Consumers. The Current Economic Conditions Index rose 7. 2. . . Industrial production edged up 0. 1% in JuneIndustrial production edged up 0. 1% in June and grew at an annual rate of 4. 0 percent in the second quarter. . In June, manufacturing output was unchanged, and the index for mining and utilities both rose 0. 4%. Manufacturing output. . . Housing starts increased 19% in JunePrivately-owned housing starts in June were at a seasonally adjusted annual rate of 1. 427 million, which was 19% above the revised May estimate of 1. 199 million and 3. 5% above the June 2025 rate of 1. 379 million. ABA, associations seek agency alignment on Genius Act implementationThe National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar among all federal payment stablecoin regulators, the American Bankers Association and three other banking sector associations said. ABA: OCC policy changes create uncertainty about minority deposit institution statusIn a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation. Banking agencies promise new approach for handling sensitive informationThe Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information.