February FDIC Consumer News focuses on student loans

The Federal Reserve has extended the comment period by a month for proposed changes to its regulation governing extensions of credit to bank “insiders,” such as board directors, executives and major shareholders.

As mortgage rates rise, the “lock-in effect” is likely to intensify as more homeowners are discouraged from moving or buying another home, contributing to weaker existing home sales

Twenty-nine states now require or will soon require that high schools offer comprehensive financial education for students, up from just three less than two decades ago, the National Endowment for Financial Education said in its most recent state...

Christopher Maher has been named chair of ABA’s American Bankers Council for the 2026–2027 membership year. Maher is CEO of OceanFirst Financial Corp. and OceanFirst Bank, a New Jersey-based institution.

While the unemployment rate remains relatively low, a continued deterioration in labor market conditions could lead to some weakening in overall credit performance in the months ahead.

An FDIC interim final rule updating its reciprocal deposit regulations provides helpful clarifications that simplify compliance for banks, ABA said in a letter to the agency.