The courts, or Congress, should remedy the outcome of a legal case decided last month that out-of-state banks and fintech partners lending to someone in Colorado must comply with state interest rate caps, the national […]
Credit unions saw growth in lending and return on average assets (ROAA) at midyear compared to a year earlier — but also saw loan delinquency rates rise during the same period, according to figures released […]
Host state-to-loan-deposit ratios of 98% were recorded by both Arizona and New Jersey in the year ending June 30, 2023, the highest ratios of all the states and territories, the federal banking agencies said Friday. […]
Describing banking conditions across as the nation as “mostly subdued,” the Federal Reserve released its July Beige Book Wednesday, which also described construction as slightly down. The Beige Book, a compilation of economic reports from […]
Supervision criteria for large banks will soon be published by the Federal Reserve, a member of the agency’s board said Monday, calling the publication an “important step” in improved transparency in the oversight program by […]
Banks were largely tightening credit standards and terms across the board in the third quarter, a report issued Monday by the Federal Reserve indicated. At the same time, the report suggested that demand for borrowing […]
Three proposed rules, an advance notice of proposed rulemaking (ANPR), and a final rule were issued during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board, with two of the actions addressing yet […]
Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
Standards and terms were tightened on commercial and industrial (C&I) loans, as were those for loans to households, during the second quarter, according to a survey of senior bank loan officers released Monday. The opinion […]
Senior bank loan officers said they expect banks to tighten standards for most categories of business loans, credit card loans, and auto loans over the coming year, but they expect standards will be unchanged for […]
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