News Topic: pandemic
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For many bank employees, remote work is here to stay
Bankers upbeat on loan prospects even as headwinds persist
‘A watershed moment’: CDFIs hope to capitalize on federal funding boost
Community bankers’ optimism on economy fades
A full rebound won’t occur until next year at the earliest because of the slow vaccine rollout, most executives at small banks said in a new survey. Last summer, more than half expected a turnaround this year. ... Read full article
Community bankers’ optimism on economy fades
A full rebound won’t occur until next year at the earliest because of the slow vaccine rollout, most executives at small banks said in a new survey. Last summer, more than half expected a turnaround this year. ... Read full article
Former Cordray aide selected for interim CFPB post
Dave Uejio, who served as chief of staff to ex-Director Richard Cordray, was named by the Biden administration to lead the Consumer Financial Protection Bureau until the Senate confirms Rohit Chopra for the permanent job. ... Read full article
Banks' net interest margins plunged to record lows in 3Q
The Federal Deposit Insurance Corp.’s latest report on the industry’s health had positive news about the earnings recovery last quarter, but it also showed that low interest rates amid continuing economic uncertainty are putting downward pressure on asset ... Read full article
OCC announces 3% cut to assessments in 2021
The reduction marks the third time in three years the agency has cut annual fees for national banks. ... Read full article
OCC finalizes assessment fee reduction due to pandemic
The regulator announced in June it would use call report data from before the crisis to calculate bank assessment fees in September, a one-time change. ... Read full article
Bankruptcy in a Time of Coronavirus
As confirmed cases of the Covid-19 virus climbed across the country, bankruptcy courts and the U.S. Trustee's office have been seeking ways to adapt to the new normal. This post will look at how the court system has rolled out its disaster ... Read full article