Census Bureau: Services Sector Revenue Rises to $15.5 Trillion
Revenue generated by service sector firms increased 4.4 percent between 2015 and 2016, according to statistics from the U.S. Census Bureau’s 2016 Service Annual Survey (SAS). Revenue for all service sectors covered by the program is estimated at $15.5 trillion for 2016. This is the first SAS release to include information for the North American…
Joint Release: Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and Remove References to the Neighborhood Stabilization Program
The federal bank regulatory agencies have amended their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). Since 1995, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and…
ABA: National Judges Set to Select 2017-2018 Lights, Camera, Save! Winners
Teen Video Contest Accepting Entries through Dec. 1 WASHINGTON – The American Bankers Association Foundation has announced its Lights, Camera, Save! national judging panel, along with the list of 157 participating banks, who will hold 173 contests in 45 states through Dec. 1. Contest winners will be announced during America Saves Week 2018. The Lights,…
Federal Reserve: Speech | Where Do Consumers Fit in the FinTech Stack?
Where Do Consumers Fit in the Fintech Stack? Governor Lael Brainard The new generation of fintech tools offers the potential to help consumers manage their increasingly complicated financial lives, but also poses risks that will need to be managed as the marketplace matures.1 In many ways, the new generation of fintech tools can be seen…
FDIC: Banker Teleconference Series: Small Business Resources for Community Banks
Printable Format: FIL-59-2017 – PDF (PDF Help) Summary: The FDIC will discuss small business resources and research pertinent to community banks, including the Money Smart for Small Businesses financial education program; the FDIC’s Small Business Lending Survey; and Community Reinvestment Act consideration for small business lending, services, and investments. A teleconference is scheduled for Tuesday,…
FEMA: Medical System, Private Sector Rebound to Signify a Stabilizing Puerto Rico
While the federal government continues its historic response in Puerto Rico to hurricanes Irma and Maria, strong indicators of stability are evident. Capabilities are renewed in Puerto Rico’s healthcare system and medical infrastructure: 99 percent of Puerto Rico’s hospitals are operational, 94 percent of Puerto Rico’s dialysis centers are open and treating patients, and 72…
OCC: Acting Comptroller Explores the Separation of Banking and Commerce
Acting Comptroller of the Currency Keith A. Noreika today explored how the separation of banking and commerce evolved in the United States and called for a broader discussion of whether the separation continues to serve the best interest of the nation’s banking system and economy today. Related Links Remarks (PDF) Acting Comptroller of the Currency…