Oct 24, 2022 | Banks & Credit Unions, News
JPMorgan and Citigroup Say Strict Capital Requirements May Limit Lending Abilities Some of the biggest U.S. banks recently said that higher capital requirements that were bolstered after the 2008 financial crisis could hurt their lending abilities and amplify a...
Oct 10, 2022 | Banks & Credit Unions, News
Banks Still Hesitant To Offer Small-Dollar Loans Due to Regulatory Risk While several major retail banks in the United States—including US Bancorp, Bank of America Corp., Wells Fargo & Co., and four others—are now issuing or have announced plans to issue flat-fee,...
Jul 5, 2022 | Banks & Credit Unions, News
CFPB Issues Report Exploring Impact of Credit Card Line Decreases Last week, the Consumer Financial Protection Bureau (CFPB) issued a new report looking into how credit card companies decreased credit availability during both the Great Recession and at the start of...
Jun 29, 2022 | Banks & Credit Unions, Congressional Legislation, News
House Financial Services Committee Pulls Bill Limiting Overdraft Practices Two sources have told American Banker that the House Financial Services Committee (HFSC) recently set aside the Overdraft Protection Act, a bill introduced by Representative Carolyn Maloney...
Jun 24, 2022 | Banks & Credit Unions, Federal Regulation, News
FDIC to Again Include “Underbanked” Households in Biannual Banking Survey After the Federal Deposit Insurance Corporation (FDIC) changed their biannual national survey on consumers’ banking habits in 2019 under former chair Jelena McWilliams, eliminating...
Jun 15, 2022 | Banks & Credit Unions, News
Bank Economists See Weakening Credit Conditions According to the American Bankers Association’s Credit Conditions Index for Q3 2022, released last week, bank economists expect credit market conditions to deteriorate over the second six months of 2022. The Credit...
