Bank economists see both credit quality and credit availability weakening over the fourth quarter of this year and the first quarter of 2023 as consumers and businesses find it hard to keep up with the current market conditions.
While less than half of U.S. banks said they were very or extremely satisfied with their core technology provider, these vendors overestimated their effectiveness in helping banks, according to a survey from the American Bankers Association.
Democrats have updated a Biden administration proposal that would require that banks and credit unions report account activity to the Internal Revenue Service, but trade groups remain opposed to the plan.
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
The Federal Accounting Standards Board voted on Oct. 16 to delay the new CECL (current expected credit loss) standard for some companies.
Financial institutions will still see consumer complaints filed against them published online on the Consumer Financial Protection Bureau’s website following a decision by the agency last week.
Two Connecticut banks are the faces of the American Bankers Association’s new series of videos highlighting the diverse and rewarding career opportunities available in banking today.
Many banks and credit unions will have additional time to prepare for the new Current Expected Credit Loss accounting system after the Financial Accounting Standards Board recently voted to delay implementation for a select group.
Ninety-five percent of respondents to the American Bankers Association’s (ABA) 24th annual Real Estate Lending Survey described regulation as having a negative impact on business production and consumer credit availability.
As part of an ongoing effort to unwind the Affordable Care Act, three Republican lawmakers yesterday introduced a piece of legislation intended to expand eligibility for health savings accounts.
Monthly credit card purchase volumes rose between 6 and 9 percent across risk tiers in the third quarter of last year, the American Bankers Association said today in its January 2017 Credit Card Market Monitor.
Some consumer delinquencies ticked up in the third quarter of 2016, though they remained near historic lows, the American Bankers Association (ABA) said today.
The American Bankers Association (ABA) has filed a lawsuit against the National Credit Union Administration over a rule the ABA says would unlawfully expand fields of membership for credit unions.
The number of new credit card accounts and monthly purchase volumes continued to expand this year, according to the American Bankers Association’s latest Credit Card Market Monitor.
Consumer delinquencies in closed-end loans fell slightly in the second quarter, driven by a drop in home equity loan delinquencies, the American Bankers Association said this week.
Though the overall economy was sluggish in the first quarter, the credit card market expanded as the labor market tightened and wages rose, according to the American Bankers Association’s most recent Credit Card Market Monitor.
