Top headlines in today’s news …
Two top federal financial institution regulators are squaring off over the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) which take effects early next year, with both questioning the data used by the other […]
About 27% of households — 90 million Americans — are unbanked or underbanked, with more than two in five of those (42%) earning less than $30,000 a year, the chairman of the Federal Deposit Insurance […]
Faster payments in the United States, realized through a government framework, will be the focus of a 27-member team made up of government, academic and financial industry representatives announced Friday by the Federal Reserve as […]
A final rule requiring payday lenders and others to determine upfront whether consumers can repay their loans was issued Thursday by the Consumer Financial Protection Bureau (CFPB), covering payday loans, auto title loans, deposit advance […]
The top five states increasing deposits over the last year from branches within their states amassed more than $277 billion more in deposits, according to the annual survey of branch office deposits (SOD) for all […]
A graphic that shows lending to white and minority borrowers, as reported by the Federal Reserve using 2016 Home Mortgage Disclosure Act (HMDA) data is ready for use. The graphic draws from a Federal Reserve […]
Black and Hispanic-white applicants experienced higher denial rates for conventional home purchase loans in 2016 than non-Hispanic white applicants, according to Home Mortgage Disclosure Act (HMDA) information released Thursday by federal regulators.The denial rate for […]
A fund set up to stabilize corporate credit unions in the wake of the economic downturn will be merged Oct. 1 with the National Credit Union Share Insurance Fund (NCUSIF), setting the stage for credit […]
The federal fund that insures savings in banks, thrifts and other financial institutions is on target to reach a reserve ratio of 1.35% by next year – more than two years well ahead of its […]
Broad-based income gains across many different types of families were realized between 2013-16, with families lacking a high school diploma and nonwhite and Hispanic families experiencing larger proportional gains in incomes than other families between […]
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