In a comment letter to the FDIC today, the American Bankers Association offered its full support for a recent proposal that would rescind Part 350 from the Code of Federal Regulations, removing an annual disclosure requirement that was duplicated by data publicly available on the FDIC’s website. The 1987 requirement called for FDIC-insured state non-member banks and foreign branches, but not state thrifts, to prepare annual disclosures of Call Report and other data.
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates as the Federal Reserve tightened monetary policy.
Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell.
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98, the National Federation of Independent Business reported.
Understanding what to look for is one step toward thwarting potential criminal activity.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
The CFPB is seeking public input in advance of a proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit reports of victims of domestic violence, elder abuse or...
