FSOC approach to nonbanks unlikely to change under Trump
The incoming Trump administration is expected to prioritize an activities-based oversight approach to nonbank entities, just as the Biden administration has. It may also leave its designation power intact, but unused.
20 community banks with highest return on average equity
The top five community banks averaged a return on average equity of 115.97% as of June 30.
EverBank joins California’s latest gold rush
California’s banking market, shaken up by big acquisitions and last year’s crisis, is drawing financial institutions seeking opportunity.
FDIC softened stance toward troubled bank, postmortem finds
The agency had been on the verge of downgrading Philadelphia-based Republic First Bancorp’s CAMELS rating to the lowest level but opted for a less severe remedy after a November 2020 visit.
U.K. pressures big tech as bank resiliency struggles
The Financial Conduct Authority plans to regulate specific technology products that banks use to process payments and require testing. That and more in our global payments roundup.
Comerica sues CFPB over investigation into prepaid card program
The Dallas-based bank is accusing the Consumer Financial Protection Bureau of “pursuing an aggressive and overreaching investigation” into its role in a Treasury Department prepaid card program.
Fewer cardholders are becoming late on their payments: New York Fed
The reduced pace of consumers moving into delinquency adds evidence to the thesis that households are facing lower financial stress.
Fed survey points to peak loan charge-offs, lower losses in 2025
Senior loan officers polled by the Federal Reserve reported that they further upped their standards for approving credit for customers. But they also signaled that concerns are easing and credit quality is poised for improvement.
Elder fraud is rising. So is the pressure on banks to catch it.
Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action.
Best Banks to Work For 2024 with less than $3B of assets
The majority of banks on American Banker’s Best Banks to Work For 2024 list are small banks with assets of less than $3 billion.