Small and medium-sized banks could face stress from defaults on loans to small business and commercial real estate if consumers continue to avoid traveling and shopping, the Federal Open Market Committee said today.
The Consumer Financial Protection Bureau today released a set of frequently asked questions that provide an overview of the provisions included in Section 8 of the Real Estate Settlement Procedures Act and the respective anti-referral fee sections in Regulation X.
Consumer credit decreased at a seasonally adjusted annual rate of 2.0% in August according to…
ABA, Arizona Bankers Association Release New Ad Highlighting Rep. Stanton’s Support for PPP, Small Biz
ABA and the Arizona Bankers Association today released a new voter education ad thanking Rep. Greg Stanton (D-Ariz.) for supporting the Paycheck Protection Program during the coronavirus pandemic.
As policymakers consider reforms to the three-decade-old brokered deposit rules, they should “think about what the appropriate guardrails are to mitigate the challenges that the brokered deposit law was put into place to address,” and how best to apply those guardrails to a modern banking system, said Mary Fowler, CEO of Peoples Bank in an American Banker op-ed today.
The Federal Reserve, the FDIC and the OCC have finalized two rules intended to help banks respond to the challenges of the coronavirus pandemic.
The U.S. economic outlook remains highly uncertain and depends on controlling the spread of the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said today during the National Association for Business Economics virtual annual meeting.
ABA and the Arkansas Bankers Association today released a new voter education ad thanking Rep. French Hill (R-Ark.) for supporting the Paycheck Protection Program during the coronavirus pandemic.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the…