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]
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]
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]
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]
A recession is becoming increasingly unlikely, according to the American Bankers Association Economic Advisory Committee, and the Federal Reserve is likely to start reducing interest rates in June. [Continue]
A federal judge in Texas blocked implementation of the Community Reinvestment Act final rule late last week. [Continue]
Supply manager sentiments improved last month even as most remain pessimistic over this year’s economic outlook, according to a Creighton University index. [Continue]
Home builder confidence increased for the fourth straight month in March as buyer demand remains strong, according to the National Association of Home Builders/ Wells Fargo Housing Market Index. [Continue]
Banks should see fairness as a way to spark innovation rather than an inhibitor, said Acting Comptroller Michael Hsu in a March 25 speech. [Continue]
The failure of Iowa’s Citizens Bank stemmed from insufficient risk management and oversight of its commercial trucking loan program, according to an FDIC report. [Continue]
Ag lending increased 6.7 percent last year to $110 billion amid high production costs, volatility in commodity prices and a return to pre-pandemic government payment levels, according to an ABA report. [Continue]