FDIC tables proposals concerning regulatory review of bank control
ABA Banking Journal
by ABA Banking Journal Staff
12h ago
The FDIC Board today two resolutions concerning bank control after both failed to gain majority support, with their sponsors promising to bring them back at a later date following further refinement. The post FDIC tables proposals concerning regulatory review of bank control appeared first on ABA Banking Journal ..read more
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Mortgage rates rise
ABA Banking Journal
by ABA Banking Journal Staff
12h ago
The rate for a 30-year fixed-rate mortgage averaged 7.17% this week, up from last week when it averaged 7.1%. The post Mortgage rates rise appeared first on ABA Banking Journal ..read more
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First quarter GDP (Advance Estimate) increases 1.6%
ABA Banking Journal
by ABA Banking Journal Staff
14h ago
Real gross domestic product increased at an annual rate of 1.6% in the first quarter of 2024, according to the Commerce Department’s advance estimate. The post First quarter GDP (Advance Estimate) increases 1.6% appeared first on ABA Banking Journal ..read more
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CFPB releases supervisory highlights on mortgage servicing
ABA Banking Journal
by ABA Banking Journal Staff
14h ago
The CFPB released a supervisory highlights report covering key findings and supervisory actions in mortgage servicing. The post CFPB releases supervisory highlights on mortgage servicing appeared first on ABA Banking Journal ..read more
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FDIC: Deposit Insurance Fund reserve ratio grew in second half of 2023
ABA Banking Journal
by ABA Banking Journal Staff
14h ago
The Deposit Insurance Fund balance was $121.8 billion at the end of 2023, up $4.8 billion since June 30 of that same year, the FDIC said. The post FDIC: Deposit Insurance Fund reserve ratio grew in second half of 2023 appeared first on ABA Banking Journal ..read more
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GOP Ag Committee members push for Farm Bill vote; Dems add to ACRE cosponsors
ABA Banking Journal
by ABA Banking Journal Staff
17h ago
Democrats, however, haven’t been able to agree on their Farm Bill response while their support for the ACRE Act grows. The post GOP Ag Committee members push for Farm Bill vote; Dems add to ACRE cosponsors appeared first on ABA Banking Journal ..read more
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Preparing for the departure of an information security officer
ABA Banking Journal
by ABA Banking Journal Guest Contributor
23h ago
It can become an opportunity to bolster security governance and refine cybersecurity practices. The post Preparing for the departure of an information security officer appeared first on ABA Banking Journal ..read more
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Survey: Financial institutions losing millions to AI-powered fraud
ABA Banking Journal
by ABA Banking Journal Staff
2d ago
Slightly more than half of financial institutions said in a recent survey that they had lost between $5 million and $25 million to artificial intelligence-based threats in 2023. The post Survey: Financial institutions losing millions to AI-powered fraud appeared first on ABA Banking Journal ..read more
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FDIC names four bankers to MDI subcommittee
ABA Banking Journal
by ABA Banking Journal Staff
2d ago
The FDIC named four new bankers as members of the agency's Minority Depository Institutions Subcommittee. The post FDIC names four bankers to MDI subcommittee appeared first on ABA Banking Journal ..read more
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ACH Network handled more than eight billion payments in Q1
ABA Banking Journal
by ABA Banking Journal Staff
2d ago
The Automated Clearing House Network handled 8.2 billion payments valued at $20.7 trillion in the first quarter of 2024, led by a 47% increase in same-day payments, Nacha announced. The post ACH Network handled more than eight billion payments in Q1 appeared first on ABA Banking Journal ..read more
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