Banking
- Oct- 2020 -21 October
OCC undermines own CRA rule by putting key metric on hold
Critics of the Office of the Comptroller of the Currency’s new Community Reinvestment Act rule say it was rushed to…
Read More » - 21 October
Charge-offs held in check … for now
Banks seem to have held credit losses in check in the third quarter, but experts say it’s far too early…
Read More » - 21 October
Fed: Pandemic work’s not finished yet; regulators’ new net stable funding ratio
Receiving Wide Coverage … Unfinished business Randal Quarles, the Federal Reserve’s vice chairman for supervision, said “the market turmoil triggered…
Read More » - 21 October
How Uber, Lyft and other gig work provides a safety net for Americans that unemployment checks cannot
During the COVID-19 pandemic, Americans have seen skyrocketing unemployment rates as high as 14.7%. As a result, millions of people…
Read More » - 21 October
How much should Chase’s new kids’ account concern credit unions?
The competition for youth accounts just became significantly more challenging for credit unions. JPMorgan Chase earlier this month announced the…
Read More » - 20 October
Industry wins key concession in liquidity rule
WASHINGTON — Federal regulators have acceded to banking industry calls to ease a new liquidity requirement for large institutions in…
Read More » - 20 October
Huntington unveils new SBA program for women, minorities and veterans
Huntington Bancshares in Columbus, Ohio, has created a $25 million small-business lending program for women, minority and veteran entrepreneurs. The…
Read More » - 20 October
Need a Lyft to the polls? Michigan Legacy has it covered.
Michigan Legacy Credit Union in Wyandotte, Mich., is offering free Lyft rides to the polls on Election Day. Carma Peters,…
Read More » - 20 October
GSE exemption to stay in place until underwriting rule finished: CFPB
The Consumer Financial Protection Bureau confirmed that loans backed by Fannie Mae and Freddie Mac will remain exempt from the…
Read More » - 20 October
Midsize banks brace for loan defaults, more margin pressure
Midsize banks are preparing for more credit losses, uneven loan demand and ongoing pressure on net interest margins, but is…
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