Opinions

Credit card debt hit $807 billion in the fourth quarter of 2016, with consumer balances on average exceeding $4,800, according to a report released by the Consumer Financial Protection Bureau.

Credit union examiners will be focused on cybersecurity, BSA compliance, fraud prevention and more.

The Consumer Financial Protection Bureau on Wednesday launched a rate spread calculator and validation tool for financial companies reporting Home Mortgage Disclosure Act data starting Jan. 1.

Was the president’s recent tweet about enforcement measures against Wells Fargo an articulation of the administration’s approach for holding banks and executives accountable? Or is a tweet just a tweet?

Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships.

Banks reported $6.4 billion in trading revenue in the third quarter, down 3.6% from the previous quarter, on falling interest rate and foreign exchange revenue, the Office of the Comptroller of the Currency said.

The McLean, Va., company and several other banks have disclosed the charges they expect to record in the fourth quarter due to lower values on their deferred tax assets.

Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships.

Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use, but one industry group predicts that overall credit union lending could decline in 2018

We never promised the news would be good for all these community bankers, and it wasn’t. One couldn’t stop a failure, and another quit soon after an acquisition. The rest have their banks at different points on the comeback trail.