Fed Bank Supervision Report Finds Industry Healthy, Profitable
The U.S. banking sector remains strong overall, with banks maintaining strong capital and liquidity levels while seeing healthy loan growth...
Newsbytes
Boston Fed Researchers: CARD Act Limited Young Adults’ Ability to Build Credit
The 2009 Credit CARD Act may have hindered young adults’ ability to build credit histories, according to a new paper...
New Fed Survey Examines Effects of Branch Closures on Communities
As bank consolidation continued, between 2012 and 2017, the number of bank branches declined by 7% across all counties, according...
OCC Reduces Marginal Assessment Fees by 10% for Second Year in a Row
The OCC today released its 2020 fees and assessment schedule, and Comptroller of the Currency Joseph Otting announced that it...
Financial Stability Board Updates List of Global SIFIs
The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency...
ABA Supports DOL Efforts to Expand Use of Electronic Delivery for Plan Documents
In a comment letter to the Department of Labor today, ABA expressed support for a recent proposal that would modernize...
Fed General Counsel: FedNow Not Open to Nonbanks
Nonbanks should not expect direct access to FedNow, the 24/7/365 payments system the Federal Reserve is developing, according to a...
Small Biz Credit Card Users More Satisfied, More Likely to Switch than Consumer Credit Card Users
While small business credit card customers report significantly higher satisfaction with their credit cards than consumer credit card customers, they...
Mortgage Industry Group Issues Language to Help Lenders Comply with New Law
To help lenders comply with the Taxpayer First Act—a new law taking effect Dec. 28 that requires that taxpayers provide...
