Credit unions saw growth in assets, savings and – especially – loans last year, but also saw their return on average assets fall and experienced greater delinquencies and charge-offs from the year before, according to […]
Loan demand declined, credit standards tightened, and delinquency rates edged up at financial institutions in the second month of the year, according to the Federal Reserve’s district-by-district report of current economic conditions released Wednesday. According […]
“Earned wage access” products need clarification as to whether they are subject to truth-in-lending disclosures, the congressional watchdog said in a report issued Wednesday. The Government Accountability Office (GAO) said its report found that the […]
An information-sharing agreement aimed at alleged practices that harm workers in the “gig economy” was announced Tuesday by the federal labor relations and consumer financial protection agencies. According to the Consumer Financial Protection Bureau (CFPB) […]
Risks remain on the horizon for the banking industry, the result of trends developed during the coronavirus, despite strong performance and the low number of problem banks and failures, the board chairman for the federal […]
It’s important that central banks and other regulators ensure that regulations and market oversight foster prudent financial institution behavior and resiliency in core financial markets, a Federal Reserve Board governor said Friday. In remarks before […]
A group of former top regulators of national banks, along with the current administrator, gathered Thursday in Washington to mark the 160th anniversary of the founding of the agency – including the quartet of helmsmen appointed […]
Three banks – including two in Utah – earned “outstanding” ratings in December for their compliance with anti-redlining rules, the federal insurer of bank deposits said Friday. Another 49 banks, the Federal Deposit Insurance Corp. […]
Borrowers who use “Buy Now, Pay Later” (BNPL) programs are more likely to exhibit measures of financial distress than non-users, and they are also more likely to be active users of high interest products including […]
Talks over a possible central bank digital currency (CBDC) will be held in coming months among leaders from key federal offices, including the White House, banking regulators and economic analysts, the Treasury’s top regulator of […]
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