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...
May 23, 2022 | Banks & Credit Unions, FinTech, News
Four California Legislators Push FDIC to Crack Down on Bank-Fintech Partnerships In a letter to the FDIC sent earlier this month, four California legislators asked the federal regulator to crack down on partnerships between banks—which are regulated by the FDIC—and...
May 16, 2022 | Banks & Credit Unions, Congressional Legislation, News
Bipartisan Group of 24 Senators Urge Congressional Leadership to Move SAFE Act Last week, a bipartisan group of two dozen Senators sent a letter to Congressional leadership asking for the SAFE Act—a cannabis banking reform bill—to be included in the final America...
May 13, 2022 | Banks & Credit Unions, News
$60M Loan Deal Suggests Banks May Be Becoming More Comfortable Lending to Cannabis Businesses AFC Gamma, a publicly traded company that provides lending to the cannabis industry, said that it has struck a deal with Pasadena, California-based East West Bank and an...
May 6, 2022 | Banks & Credit Unions, News
Banks and Credit Unions Competing for Lending Talent According to a recent article in American Banker, banks and credit unions across the United States are aggressively looking to attract top lending talent as they see their lending products driving revenue growth...
