Credit outlook improves as soft landing odds grow
Bank economists are growing increasingly optimistic about chances for a soft economic landing, according to the ABA Credit Conditions Index. [Continue]
Court dismisses MBA lawsuit over NSF fees
A 2023 lawsuit, which pitted the Minnesota Bankers Association and one of its member banks against the FDIC, was dismissed without prejudice in federal court on April 8. [Continue]
Community banker sentiments rise for third straight quarter
Community bankers are more optimistic about future economic conditions but still concerned over regulatory burdens, according to a CSBS index. [Continue]
Small business owner sentiments fall to 11-year low
Small business optimism fell to its lowest reading in more than a decade last month as inflation continues to stymie confidence, according to the National Federation of Independent Business. [Continue]
Court keeps CFPB late fee lawsuit in Texas
An appellate court disallowed the relocation of a lawsuit challenging the Consumer Financial Protection Bureau’s late fee rule to Washington, D.C. [Continue]
Scale Bank acquires Tennessee factoring company
Edina, Minn.-based Scale Bank acquired Chattanooga, Tenn.-based factoring company Provident Commercial Finance. [Continue]
Economy adds jobs as unemployment remains low
The unemployment rate remained low at 3.8 percent in March as the economy added 303,000 jobs, according to the U.S. Bureau of Labor Statistics. [Continue]
Report: Real-time payments volume reached record in Q1
A record 76 million instant payments were processed through The Clearing House in the first quarter of the year, according to an April 4 report from the company. [Continue]
Bowman: Mandating discount window pledges won’t fix underlying issues
Mandating use of the Federal Reserve’s discount window will not ease the stigma of using the program and could create more drawbacks than advantages, said Federal Reserve Gov. Michelle Bowman. [Continue]
Southwest Iowa banks to merge
Greenfield, Iowa-based Union State Bank is acquiring Adair, Iowa-based Exchange State Bank in a stock transaction, Union State announced last month in the Creston (Iowa) News Advertiser. [Continue]