As banks in Nebraska continue to help their communities recover from recent devastating floods, American Bankers Association President and CEO Rob Nichols announced today that the association will donate $25,000 to a fund created by the Nebraska Bankers Association. The fund, Bank On Nebraska Strong, will help assist with the initial needs of those affected by the flooding, and support the ongoing rebuilding of businesses and communities.
CFPB Director Rohit Chopra said his agency will press forward with rulemakings even as federal banking agencies have paused their major initiatives until after President-elect Trump takes office.
The FDIC was ill-prepared to resolve large regional banks at the time of last year’s failures of Silicon Valley Bank and two other banks, the FDIC Office of Inspector General concluded in a new report.
FinCEN issued Spanish translations of an existing alert to financial institutions on a surge of check fraud schemes involving mail theft and an analysis of the problem.
The Consumer Price Index rose 0.3% in November after rising 0.2% the previous month, and increased 2.7% over the past year, the Labor Department said.
The acquisition of an NFL stadium’s naming rights by a credit union raises the question of why a large tax-exempt institution should have an advantage over its tax-paying competitors, according to a Wall Street Journal opinion column.
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.
