CFPB director pledges tougher stand on bank overdraft, NSF fees
Consumer Financial Protection Bureau Director Rohit Chopra is pledging to take a stronger stand against bank overdraft and non-sufficient fund fees. [Continue]
Consumer Financial Protection Bureau Director Rohit Chopra is pledging to take a stronger stand against bank overdraft and non-sufficient fund fees. [Continue]
Creighton University’s regional Mid-America Business Conditions Index fell five points to 60.2 in November, still above growth neutral. [Continue]
The Midwest economy grew modestly to moderately during October and early November despite supply chain disruptions and labor shortages. [Continue]
The Texas Bankers Association and NFR Communications have teamed to create the Texas Banking RedBook app. It is now available for download in the Apple store and the Google Play store. To celebrate the app’s launch, users who download and try the app between now and the end of the year receive a 30-day free trial. The Texas Banking RedBook app puts all the features of the printed Texas Banking RedBook in a handheld device for easy access to industry information, such as bank financials, branch locations, links to bank trade groups, regulatory agencies, credit unions and information on multi-bank holding companies. [Continue]
Denver-based InBankshares Corp., will merge with fellow Colorado community bank Legacy Bank next year in a stock-and-cash transaction. [Continue]
Federal Open Market Committee members say “transitory” inflation could last into next year, longer than previously anticipated. [Continue]
The banking system improved in the first half of 2021 and remains strong despite pandemic-related challenges, a Fed report said. [Continue]
Inflationary concerns and a lack of government policies to address those challenges are driving consumer optimism to its lowest level in at least a decade. [Continue]
FDIC-insured institutions made $69.5 billion in net income during the third quarter, a nearly 36 percent increase from a year ago. The increase was sparked by a nearly $20 billion decline in provision expenses. Two-thirds of all banks reported annual improvements in quarterly net income, and the share of profitable institutions year-over-year slightly increased to nearly 96 percent. [Continue]
Monthly purchase volumes for super-prime credit card account holders increased nearly 14 percent in the second quarter, according to an ABA report. [Continue]