The FDIC significantly misstepped when it issued Financial Institutions Letter 40-2022 nearly a year ago. The supervisory guidance discourages banks from charging multiple non-sufficient funds fees for the same item, and it urges banks to change long-accepted disclosures for item processing. [Continue]
Funding loans is a little more difficult today than it was a few years ago when interest rates were at rock bottom levels. With funding costs on the rise, some bankers are being more careful about lending. [Continue]
While shrinking net interest margins are squeezing earnings, banks in the state of Iowa are in very good condition, concurred three regulators speaking on a panel presented at the 52nd annual convention of the Community Bankers of Iowa in Okoboji on July 20. [Continue]
The systemically-important or too-big-to-fail advantage increases the relative cost of funding for community banks. Government can only resolve this unlevel playing field by protecting all deposits at all banks. But that doesn’t mean it should do so. [Continue]
Industry regulators and association officials shared insights into current conditions at the 138th annual convention of the Texas Bankers Association. [Continue]
At a time when some are calling for changes to the deposit insurance system, the Federal Reserve has shut the door on an option that seemed to be building momentum. [Continue]
Here are some of the things that have struck me about the banking industry since the closings of Silicon Valley Bank and Signature Bank. [Continue]
A group of community leaders are in dialogue with the Minnesota Department of Commerce and the National Credit Union Administration to open a community credit union in North Minneapolis. The effort is being led by the Association for Black Economic Power under the leadership of Debra Hurston. [Continue]
Has deposit insurance changed forever? Regulators boldly protected all depositors at Silicon Valley Bank and Signature Bank when they failed. Is 100 percent coverage of bank deposits now the norm? [Continue]
I was saddened to learn of the Jan. 25 death of Kenneth Guenther, the leader of the Independent Community Bankers of America from 1982 to 2004. When I bought this magazine to start NFR Communications in 1992, Guenther was one of the first people to reach out to me. [Continue]