Appeals court rules CFPB funding structure constitutional
Competing views on the constitutionality of the CFPB’s funding will come to a head before the Supreme Court later this year. [Continue]
Competing views on the constitutionality of the CFPB’s funding will come to a head before the Supreme Court later this year. [Continue]
America’s ag banks increased agricultural lending by 8.1 percent last year to $103.1 billion, according to the ABA’s annual Farm Bank Performance Report. [Continue]
Industrial production was unchanged last month, according to February’s Federal Reserve Industrial Production and Capacity Utilization report. [Continue]
Consumer sentiment fell this month as the FOMC continues to raise interest rates, according to the University of Michigan Surveys of Consumers. [Continue]
Congress has scrutinized the work of financial regulators for their work in supervising Silicon Valley Bank and Signature Bank. In a March 20 letter, House Committee on Financial Services Chair Patrick McHenry (R-N.C.) and Senate Banking Committee Ranking Member Tim Scott (R-S.C.) requested Federal Reserve Chair Jerome Powell provide a timeline of events of the … Read more
Treasury Secretary Janet Yellen said the government is willing to expand FDIC insurance to regional and community banks in distress. Her comments came March 21 during the American Bankers Association’s Washington Summit, according to the ABA Banking Journal. [Continue]
Central Illinois-based First Mid Bancshares, Inc., is acquiring Beloit, Wis.-based Blackhawk Bancorp, Inc., in a $90 million, all-stock deal. [Continue]
The Midwestern economy slowed in March after hovering around growth-neutral for the last three months, according to Creighton University’s Rural Mainstreet Survey. [Continue]
The recent collapses of Silicon Valley Bank and Signature Bank were caused by internal leadership failures, not a 2018 law that eased regulations on similarly-sized financial institutions, said U.S. Rep. Dean Phillips (DFL-Minn.). [Continue]
Small business optimism is growing but continues to be stunted by inflation and lingering concerns that a recession is imminent. [Continue]