Co-founder of small California bank gets banned from the industry
Anthony Gressak III, who also served as interim CEO of Nano Banc, allegedly obtained pandemic relief funds fraudulently.
Yes, simpler, higher capital requirements are a better capital rule
Every time we revise bank capital rules, we uncover new flaws that leave banks unprepared for unexpected stress events.
Trump’s economic plan undermines his economic mandate
The president-elect’s sweeping victory last week suggests a mandate from voters to bring back the economy he presided over in his prior term. But his policies on immigration, trade and federal spending could give voters — and banks — exactly what they don’t want.
FDIC says banking access grows, yet racial disparities remain
The growth in mobile banking has lowered barriers to accessing the banking system, but the Federal Deposit Insurance Corp.’s National Survey of the Unbanked and Underbanked released Tuesday reveals that minority households are still disproportionately underserved.
Trump’s victory sets stage for potential changes at the Fed, CFPB
President-elect Donald Trump beat banker predictions to surpass Vice President Kamala Harris on his way back to the White House, leaving many surprised but hopeful for a relaxed regulatory environment.
FDIC Board of Directors Meeting
BOARD MEETING | NOVEMBER 12, 2024 FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in closed session. Information relative to the meeting are available here. Read more The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish […]
Press Release: FDIC Survey Finds 96 Percent of U.S. Households Were Banked in 2023
PRESS RELEASE | NOVEMBER 12, 2024 FDIC Survey Finds 96 Percent of U.S. Households Were Banked in 2023 Record low 5.6 million households remain unbanked WASHINGTON— Nearly 96 percent of all U.S. households were banked in 2023, according to just-released national survey by the Federal Deposit Insurance Corporation (FDIC). The 2023 FDIC National Survey of […]
Voters passed these property tax changes in local elections
Homeowners across the nation could realize savings from as little as $20 per year to having their bill wiped out entirely.
Trump’s crypto push changes the game for banks
The president-elect’s deregulatory promises have drawn applause from banking groups, but some advisors warn that if the next administration extends that permissive posture to crypto, it could create significant headaches for banks.
Banks need to begin sharing information about sophisticated fraud
As long as fraud-prevention efforts remain siloed and bank-specific, perpetrators remain free to employ the same strategies over and over. Banks need to do a better job of sharing information and collaborating.