by Ken Chase | Aug 31, 2022 | Banks, Market
By: Ken Chase. In his annual speech in Jackson Hole, Wyoming last week, Federal Reserve Chairman Jerome Powell reiterated the Fed’s firm commitment to doing whatever it takes to halt persistent inflation. Moreover, he indicated that he fully expects the Fed’s...
by Ken Chase | Aug 31, 2022 | Banks, Market
By: Ken Chase. Federal Reserve Governor Michelle Bowman recently revealed that the Fed expects its FedNow real-time payments system to be ready and available by the middle of 2023. Bowman confirmed the anticipated launch timeframe during a speech at a Little Rock,...
by Ken Chase | Aug 26, 2022 | Banks, Market
By: Ken Chase. A new survey from Verint found that consumers are increasingly focused on the security of their personal information when choosing a new bank. The poll contacted 5,000 customers of the nation’s twenty largest banks and revealed that concerns about...
by Ken Chase | Aug 22, 2022 | Banks, Market
By: Ken Chase. In its most recent U.S. Credit Card Satisfaction Study, J.D. Power found that the overall share of U.S. consumer credit card spending declined significantly. In a press release announcing the release of the study, the company cited consumer financial...
by Ken Chase | Aug 22, 2022 | Banks, Market
By: Ken Chase. In a new circular published this week, the Consumer Financial Protection Bureau outlined financial companies’ responsibility to protect their customers’ personal and financial data. In a move that analysts viewed as a potential crackdown on financial...
by Ken Chase | Aug 13, 2022 | Banks, Market
The Federal Deposit Insurance Corp. (FDIC) announced last week that its next test cycle will expand scrutiny old bank-held commercial real estate loans. In a report revealing the increased focus, the FDIC cited macroeconomic volatility as a major factor in its...
