FDIC: Annual Publication Examines Potential Credit and Market Risks
The Federal Deposit Insurance Corporation (FDIC) today published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system. The publication will be of particular interest to financial institutions, policymakers, analysts, and regulators. “The FDIC is committed to transparency and accountability, and the publication of our 2019 Risk Review provides an opportunity for…
FDIC: Agency to Centralize Key Aspects of Its Large, Complex Financial Institutions Activities
The Federal Deposit Insurance Corporation (FDIC) today announced its intentions to centralize the supervision and resolution activities for the largest banks and complex financial institutions in a new division to be named the Division of Complex Institution Supervision and Resolution (CISR). “Centralizing the FDIC’s expertise of large, complex financial institutions into a single division within…
ABA: Response Requested from NCUA in Light of Credit Union Industry Research Report
Today the American Bankers Association sent a letter to the National Credit Union Administration (NCUA) requesting a “top-to-bottom assessment” of whether the modern day credit union industry is meeting its targeted, statutory mission to serve people of “small means.” The formal request follows this week’s release of a comprehensive new report from Federal Financial Analytics that documents how many…
ABA: Bank Economists See Continued Economic Growth Amid Rising Risks
The U.S. economic expansion, which has now tied the longest post-war period of prosperity at 120 months, is likely to continue even as downside risks are growing, according to the Economic Advisory Committee of the American Bankers Association. The median forecast of 16 chief economists from major North American banks is that economic growth will…
FDIC: Agency Cautions Customers that FDIConnect.com is Not Affiliated with a Government Agency
The Federal Deposit Insurance Corporation (FDIC) advises bank customers on the potential for confusion between FDIConnect.com and the FDIC-run website, FDICconnect.gov. The FDIC is aware of the website FDIConnect.com, which advertises itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits. The public should be advised that FDIConnect.com is not affiliated with the…
ABA: Reports Shows Consumer Delinquencies Mixed in Fourth Quarter 2018
Consumer credit delinquencies were mixed in last year’s fourth quarter, with delinquencies falling for the composite index of closed-end loans and rising in other open-end loan categories, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in six of the 11 categories tracked by ABA while five categories rose….
FDIC: “Fintech and the Future of Banking Conference” Scheduled for April 24th in Arlington, VA
The Federal Deposit Insurance Corporation (FDIC) and Duke University’s Fuqua School of Business and Innovation and Entrepreneurship Initiative will host the Fintech and the Future of Banking conference on Wednesday, April 24, 2019. FDIC Chairman Jelena McWilliams and Treasury Secretary Steven Mnuchin will open the conference with a conversation about the role of financial technology and innovation…
FDIC: New Resources Unveiled for Consumers During National Consumer Protection Week 2019
In observance of National Consumer Protection Week (NCPW), March 3–9, the Federal Deposit Insurance Corporation (FDIC) today unveiled new resources to help consumers understand their rights and make well-informed decisions about money. The FDIC has added a new, online Information and Support Center to the agency’s existing educational resources. Consumers can use the Center to…
FDIC: Consumers Encouraged to Set Financial Goals and Learn More about Options for Saving
The Federal Deposit Insurance Corporation (FDIC) encourages consumers to use America Saves Week as an opportunity to evaluate their short- and long-term financial goals and learn more about how banks can help achieve them. “During America Saves Week, the FDIC encourages consumers to expand their financial knowledge, set clear savings goals and strong savings habits,…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb.20 The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry. Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates the importance of…