NY Fed: American consumer debt share by product type and age
According to a report by the NY Fed, mortgages, credit cards, and HELOCs constitute a higher percentage of debt for...
OCC seeks comment on FFIEC’s cybersecurity assessment tool renewal
The voluntary information collection resource was created to assist financial institutions in assessing their inherent cyber risks.
Basel Committee newsletter addresses credit risk in real estate, leveraged lending
The Basel Committee on Banking Supervision today issued a newsletter focusing on credit risk, which has risen in recent months...
New J.D. Power study: Inflation affecting consumers’ financial wellbeing
As inflation remains elevated and consumers face persistently higher prices for goods and services, nearly two-thirds—64%—of them are now considered...
Fed announces individual capital requirements for large banks
The Federal Reserve today announced individual capital requirements for banks with more than $100 billion in total consolidated assets.
IRS offers tax relief to Kentucky individuals, businesses affected by floods
As communities in Kentucky recover from devastating floods last week, the IRS said it would grant an extension for individuals...
Future homebuyers turn to web, social media for financial advice
Millennials and Gen Z individuals planning to buy their first home rely heavily on websites and social media to learn...
FDIC Issues Regulatory Relief for Kentucky Flooding
The FDIC issued guidance yesterday with steps to provide regulatory relief and facilitate recovery in areas of Kentucky affected by...
FDIC to increase focus on CRE loan concentration in exams
FDIC examiners will increase their focus on commercial real estate concentration in the upcoming exam cycle as economic pressures and...
OCCs Hsu gives banks high marks on mitigating cyber risk, but says there’s more to do
The financial services sector has done “a good job” so far of building cyber defenses and working with law enforcement...
