ABA Report: Credit Card Market Expands in Second Quarter, Mirroring Economic Growth
Credit card use continued to expand in the second quarter, according to the American Bankers Association’s latest Credit Card Market Monitor. Monthly purchase volumes rebounded after a seasonal decline in the first quarter, rising by 9 percent across risk tiers. On an annual basis, purchase volumes rose 4.9 percent for prime accounts and 5.2 percent…
SBA: 20 Growth Accelerator Fund Competition Recipients Announced
The U.S. Small Business Administration announces today 20 winners of the fourth Growth Accelerator Fund competition. The accelerators represent a broad set of industries and sectors from manufacturing to tech start-ups to farming with a diversified range of demographic groups. Each organization will receive from the SBA a cash prize of $50,000. In accepting these…
CFPB: Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis The Consumer Financial Protection Bureau (CFPB) today announced the launch of a new Mortgage Performance Trends tool that tracks delinquency rates nationwide. Information newly available through this tool shows that mortgage delinquency rates nationally are at their lowest point since the financial crisis….
ABA: Stonier Graduate School of Banking Announces New Advisory Board Members
The American Bankers Association announced the appointment of four new members to the advisory board of the ABA Stonier Graduate School of Banking, the industry’s preeminent graduate school offered in partnership with the University of Pennsylvania’s Wharton School. The advisory board, which consists of 14 industry leaders from across the nation, works closely with the…
OCC: Acting Comptroller of the Currency Presents First Full Service National Bank Charter Since Financial Crisis
Acting Comptroller of the Currency Keith A. Noreika presented the first full service national bank charter since the financial crisis to Winter Park National Bank of Florida. Winter Park National Bank is the first de novo national bank and first de novo approved for federal deposit insurance in Florida since the financial crisis. (Click image…
FDIC: Meeting of Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, November 1. At the meeting, FDIC senior staff will brief Committee members on a number of topics, including banks’ resilience in the face of hurricanes and other natural disasters, the FDIC’s Small…
CDFI Fund: Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available
The electronic application for the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their…
HUD: Department Cuts Red Tape to Speed Hurricane Recovery
19 waivers offer flexibility to state and local planners The U.S. Department of Housing and Urban Development (HUD) today announced a package of 19 regulatory and administrative waivers aimed at helping communities to accelerate their recovery from Hurricanes Harvey, Irma and Maria. While HUD granted a number of individual waivers following disasters in the past,…