Hsu: OCC focusing on largest banks for climate change risk
Focus on climate risk by the Office of the Comptroller of the Currency is all about safety and soundness, Acting Comptroller Michael J. Hsu said. [Continue]
Iowa ag economy remains strong as uncertainty remains
The Iowa ag economy remains strong amid prolific commodity prices, according to Iowa Superintendent of Banking Jeff Plagge. [Continue]
Goss: Fed to trim $5 trillion from balance sheet
Creighton University Professor Ernie Goss expects the Federal Reserve will steadily trim nearly $5 trillion from its balance sheet. [Continue]
Retired FBI agent: Vigilance crucial in curbing cybercrime
The vast majority of cyberattacks can easily be prevented by bank employees and customers adopting more stringent security measures, said retired FBI Special Agent Scott Augenbaum. [Continue]
China-U.S. retains strong trade tries amid tension
U.S.-China trade relations remain strong despite ongoing tensions between the two countries, according to former ambassador Terry Branstad and former Secretary of State Mike Pompeo. [Continue]
Ag professor: More workers needed to tame inflation
Growing the U.S. workforce either through more immigration or a higher birthrate will tame any future problematic inflation rates, according to a Purdue University professor. [Continue]
ABA Chair: Credit union deals at ‘inflection point’
Credit union purchases of community banks are at an “inflection point,” American Bankers Association Chair Jim Edwards said, bankers must advocate for the industry as they continue. [Continue]
SBA: Outreach during pandemic sparked economy, community banks
SBA Administrator Isabella Casillas Guzman said her organization has strengthened its relationship with community banks by increasing its number of preferred lenders and helping bankers navigate a sometimes complicated lending process. Guzman’s Aug. 16 comments came during a roundtable in downtown St. Paul as part of a nationwide tour intended to highlight the nation’s economic recovery from the pandemic and emphasize the importance of vaccinations to ensure further growth. [Continue]
Credit union discussion percolates at IBA convention
Leadership of the Iowa Legislature gathered for a panel discussion at the 133 rd annual convention of the Iowa Bankers Association. Meeting at the Veterans Memorial Auditorium in Des Moines on Sept. 24, credit union competition dominated the conversation among five elected officials, all Republicans. [Continue]
New ICBM chair wants to grow advocacy, mentoring efforts
Prioritizing industry advocacy efforts and mentoring the next generation of community bankers tops the lists of priorities for Bernie Gaytko, newly elected chair of the Independent Community Bankers of Minnesota. [Continue]