Community Banking

Record Number of Comment Letters Filed on NCUA Proposal

The National Credit Union Administration received a record 3,086 comment letters on its proposed rule to expand member business lending, the agency said this week. Bankers responding to ABA’s call to action helped ensure that the majority of those letters – 2,759, according to NCUA – were opposed to the proposal. “This response makes a powerful statement. It shows that ...

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FDIC: Loan Growth Drives Bank Earnings Increase

FDIC-insured banks and savings institutions earned $43 billion in the second quarter, up 7.3 percent from the industry’s earnings a year before, the FDIC said today. A $3.6 billion rise in net operating revenue — including a 2.3 percent increase in net interest income and a 1.9 percent increase in noninterest income — drove the earnings increase. Total loans and ...

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Swimming Upstream

Rob Nichols—D.C. insider, banking enthusiast, recreational fisherman—is ready to guide the banking industry through turbulent waters.

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