CFPB overhauls Office of Innovation to focus on ‘promoting competition’
The CFPB today announced that it will open a new Office of Competition and Innovation. This new office will replace...
Newsbytes
ABA recommends reauthorizing NFIP on a five-year basis
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.
Fed to delay ISO 20022 implementation until 2025
The Federal Reserve signaled that it intends to delay the implementation of the International Organization for Standardization’s 20022 message format...
FDIC: Increase in provision expense drives bank net income down
FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year...
New home sales fall in April
New single-family home sales fell to a seasonally adjusted annual rate of 591,000 in April, according to the U.S. Census...
Fed survey: Americans’ financial well-being improves in 2021
Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to...
FDIC lookback: banking conditions improved in 2021
The FDIC today said that the banking environment improved in 2021 as the economy recovered from a period of economic...
ABA: No compelling case exists for U.S. CBDC
The creation of a central bank digital currency “should only be pursued as a final option to meet clearly defined...
ABA Data Bank: Real rates remain deeply negative in US, EU
Despite the Fed tightening monetary policy—increasing the fed funds rate 75 basis points—real rates* remained deeply negative at the end...
Three bankers awarded national scholarship for emerging bank leaders
ABA announced three recipients of the Jeffrey and Diana Owen Scholarship for Emerging Community Bank Leaders.
