Credit unions’ commercial lending is a lifeline for small businesses
A representative of America’s Credit Unions takes issue with a recent article suggesting that credit union commercial lending is excessively risky.
How First Citizens became the top-performing big bank
The North Carolina-based bank doubled in size in 2022 and again last year, when it acquired the failed Silicon Valley Bank. It has used consistency to outperform peers.
Rage against the big dumb machine
Mehrsa Baradaran’s new book “The Quiet Coup: Neoliberalism and the Looting of America” ties together economic history, an expertise in banking regulation and the perspective of someone who’s both watched a country be torn apart by extremism and been inside the American political machine.
Fed’s Barr warns of ‘concentration risk’ in cybersecurity for banks
Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.
CRA lawsuit brings fissures between banking advocates to the forefront
The industry-led legal challenge to new anti-redlining rules is opposed by some banks and consumer protection groups, who say the changes are necessary.
FHFA took action against Federal Home Loan banks after bank failures
A report from the Office of Inspector General disclosed that the Federal Housing Finance Agency issued enforcement actions against two Home Loan banks.
Fed’s Bowman not quite sold on a September rate cut
Federal Reserve Gov. Michelle Bowman said she has concerns about an uptick in inflation and will need to see more positive data before supporting an interest rate cut.
States are holding banks more accountable for elder fraud
California has a pending law that would hold banks liable for three times losses if they had reason to suspect financial exploitation of an older customer and did nothing about it.
Wells Fargo commercial servicing sale makes Trimont a leader
The banking giant’s sale of the non-agency, third-party portion of its commercial servicing business will boost the buyer’s position in the securitized market.
The election will change the face of bank regulation — eventually
The new president will shape the direction of banking policy, but because financial regulators are more insulated from politics than many other areas, that transition will be gradual.