In remarks before a public symposium on small business loan data collection today, Consumer Financial Protection Bureau Director Kathleen Kraninger signaled the importance of balancing the statutory objectives of Section 1071 of the Dodd-Frank Act with the need to avoid negative credit effects on the $1.4 trillion small business lending market.
Nearly three quarters of Americans (73%) most often access their bank accounts via online and mobile channels, according to a new ABA/Morning Consult survey released today.
Bankers left commercial and industrial lending standards mostly unchanged amid weakening demand in the third quarter of 2019, according to the Federal Reserve’s latest senior loan officer survey released today.
In a comment letter to the FDIC today, the American Bankers Association again called on the agency to return deposit insurance assessment credits owed to banks as expeditiously as possible, so that they can support the institutions’ lending and liquidity.
As expected, the Federal Reserve Bank of New York today announced plans to publish daily three compounded averages of the Secured Overnight Financing Rate, with tenors of 30, 90 and 120 days, as well as a daily SOFR index to allow users to calculate average rates over custom time periods.
The American Bankers Association joined three other financial trade associations in a comment letter to the FDIC, Federal Reserve and OCC last week seeking additional clarity on the recently issued final rules tailoring the application of enhanced prudential standards and applying capital and standardized liquidity requirements.
The FDIC’s recent proposal to make changes to the national rate cap does not go far enough to address the problems with the current calculation methodology, ABA said in a comment letter today.
Credit card use rebounded in the second quarter of 2019, after moderating in the first quarter, according to the American Bankers Association’s latest Credit Card Market Monitor released today.
New ABA/Morning Consult survey data shows that consumers trust banks most to keep their personal information safe.
More small business owners are using their banks’ mobile apps, and satisfaction with banks reached a record high, according to J.D. Power’s Small Business Banking Satisfaction Survey released today.