The Real Story on Bank Branch Closures
Some branches are closing but that doesn’t mean reduced access to banking services, especially in lower-to-moderate-income neighborhoods.
Browsing: Community Banking
FDIC Names New Advisory Committee Members
The FDIC today announced the appointment of nine new members to its Advisory Committee on Community Banking.
Podcast: Crafting a New Bank Amid COVID-19
When the coronavirus pandemic began, Craft Bank was just about to begin its capital raise as a de novo community bank in Atlanta. With its roadshow about to begin, CEO Ross Mynatt and his small team threw out the playbook and began pivoting.
99% of FDIC Supervised Banks Rated Satisfactory or Better for Consumer Compliance
The FDIC said today that 99% of the banks it supervises were rated satisfactory or better for consumer compliance and Community Reinvestment Act compliance, as of the end of 2020.
President Biden Signs PPP Extension Bill; Extends Program Through May 31
President Biden today signed into law H.R. 1799, a bill extending the Small Business Administration’s Paycheck Protection Program.
To Expand Your Reach, Think Hyper-Personal
People expect to be treated individually and in a way that aligns with their values—in every business relationship.
SBA Outlines Process for PPP Lenders to Clear Hold Codes, Error Messages
With many banks continuing to receive hold codes and compliance check error messages when submitting first- and second-draw Paycheck Protection Program loan applications, the Small Business Administration today issued a second procedural notice with new instructions for lenders to clear these codes and move applications forward.
Survey: Security, Fraud Protection Among Top Considerations for New Savings Account Customers
When consumers shop for a new savings account, their top consideration is strong safety, security and fraud protection, with 61% of respondents saying it was the top factor, according to a new survey from financial technology company SaveBetter.
COVID Makes the Case for Smarter Capital Measures
Banks have been a source of strength for the economy during the pandemic. A year into the crisis, the blunt instrument of leverage ratios is about to make it harder for banks of all sizes to support the recovery.
Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations
On the latest episode of the ABA Banking Journal Podcast, ABA Senior Counsel Shaun Kern discusses the OCC’s recent proposal to revise its rules on permissible bank premises for national banks and federal thrifts, as well as ABA’s call for the agency to withdraw the proposal.