The share of U.S. households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report.
Three in four consumers said they were satisfied or very satisfied with the banking industry’s response to the coronavirus pandemic, according to new survey research from Morning Consult.
Mortgage lenders said their biggest challenges due to the pandemic include the health and safety of their staff, supply chain disruptions and a lack of clarity on loan eligibility and forbearance programs, according to a new report by Fannie Mae that surveyed more than 250 senior mortgage executives.
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors.
Even when applicants are eligible for the Federal Reserve’s Main Street Lending Program, participating banks made just a tiny fraction of loans through the program, according to Fed survey research released today.
Household financial conditions improved in July from April but uncertainties about layoffs and returning to work remain, according to a new report the Federal Reserve released today.
ABA Data Bank: Two in Three Banks Implemented or Upgraded Tech to Serve Customers’ Needs, Enable Remote Work
The top four technologies that banks implemented or upgraded as a result of the COVID-19 pandemic.
The mortgage market was “stable and robust” in the lead up to the coronavirus outbreak…
In a recent Gallup poll, 46% rated the banking industry positively and just 21% rated it negatively—the lowest level since 2007.