Federal banking regulators today made available the 2024 list of distressed or underserved nonmetropolitan middle-income geographies. Distressed or underserved nonmetropolitan middle-income geographies are census tracts where revitalization or stabilization activities are eligible to receive Community Reinvestment Act consideration. The designations reflect local economic conditions, including unemployment, poverty and population changes, according to the agencies.
Community bankers maintain an overall positive outlook on the economy but worry that future business conditions are fading, according to the Conference of State Bank Supervisors.
More than half of web traffic is now automated with financial institutions a top target for malicious bots, according to a new report by the cybersecurity firm Imperva.
ABA Government Relations Council Chair Ken Clayton’s vision for strong banks and strong hometowns.
ABA urged the FCC to vote to issue a proposal that would impose a new call authentication requirement designed to limit criminal access to the U.S. calling network.
The Federal Reserve is proposing to change how it conducts stress tests for large banks to reduce the volatility of the capital requirements that stem from the tests
Despite recent economic uncertainty, credit spreads remain relatively tight compared to levels seen during COVID. This indicates that investors are not pricing in a significant increase in default risk.
