A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.
A proposal to revise how the agency calculates the restrictions for less than well-capitalized banks relies on faulty methodology and ignores competition from fintechs and credit unions, according to the industry.
The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field.
Large financial institutions and trade groups are among the organizations targeted in the Democrat’s latest proposal to rein in corporate influence in Washington.
The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort.
An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.
Community banks and tech companies that are happy the central bank is building a next-generation system are not as pleased with its four- to five-year timeline. But big banks see the slow rollout as an opportunity to expand their own instant payment network.
Teslar Software, which supplies community banks with a platform to manage data from different internal systems, received $2 million from the Independent Community Bankers of America.
