FDIC: Deposit Insurance Fund reserve ratio on track to reach statutory goal
The Deposit Insurance Fund balance was $117 billion as of June 30, the FDIC said in the second of its...
Newsbytes
Consumer credit increased in October
Consumer credit increased at a seasonally adjusted annual rate of 1.2% in October after increasing 3.0% in September. Total outstanding...
OCC: Bank profitability increased in first half of 2023 despite challenges
Profitability for the federal banking system improved in the first half of 2023 even as banks continued to navigate a...
Survey: Small-business credit card satisfaction grows
Small business owners are more satisfied with their credit card providers and are spending more money on credit card purchases,...
Report: ‘Imitation banks’ should be regulated like banks
Regulators should use their authorities to shut down “imitation banks” or subject them to the same regulation as traditional banks,...
ABA, state associations urge Fed to seek consensus on rulemakings
Federal Reserve rulemakings must have broad support of board members to make rules that endure the inevitable political swings, because...
Bank CEOs warn proposed capital standards will hurt consumers, businesses
Proposed capital requirements for banks with more than $100 billion in assets would have trickle-down effects on the rest of...
OCC publishes bank guidance for BNPL lending
The guidance focuses on the risk management of buy-now-pay-later loans, which are payable in four or fewer installments and carry...
U.S. international trade deficit increases in October
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Fed’s Bowman: Financial inclusion isn’t a one-size-fits-all issue
"No entity or group of financial institutions alone can solve the challenge of creating a more inclusive financial system," said...
