by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase Last week, Federal Reserve Chairman Jerome Powell delivered remarks during an appearance at the Symposium on Central Bank Independence hosted by Sweden’s central bank. In addition to comments focused on monetary policy and the Fed’s role in the U.S....
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase In a recent comment letter from the Independent Community Bankers of America (ICBA), the trade group called on the U.S. Small Business Administration (SBA) to abandon plans to allow more nonbank entities to participate in the agency’s 7(a) loan program....
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase A recent announcement by the U.S. Department of Justice confirmed that City National Bank will -pay more than $31 million to settle DOJ accusations that it unlawfully discriminated against black and Latino borrowers in its mortgage decisions. The...
by visbanking | Jan 13, 2023 | Banks, News
By: Ken Chase The U.S. Consumer Financial Protection Bureau has created a new repeat offender unit that will reportedly focus on large banks that repeatedly violate federal laws and regulations. The regulatory body revealed the existence of the unit in a recent...
by Ken Chase | Jan 8, 2023 | Banks, News
KY Warns Banks Against Boycotting Energy Firms By: Ken Chase The state of Kentucky officially put eleven financial firms on notice this week, vowing to act if those banks engage in boycotts of fossil fuel energy companies. According to Kentucky State Treasurer Allison...
by Ken Chase | Jan 8, 2023 | Banks, News
6 Biggest U.S. Banks Enjoy First $1 Trillion Decade By: Ken Chase It seems like only yesterday that the U.S. banking industry was reeling from the aftermath of a financial crisis that saw them receive billions of dollars in bailout funds to prevent an industry-wide...
