Industry News

Federal agencies extend applicability date of new CRA rule

5/1/2024
This means banks will not have to make changes to their assessment areas or public files until January 1, 2026.

Bowman’s voice for common sense

5/1/2024
Federal Reserve Board Gov. Michelle Bowman called for a common-sense approach among Washington regulators in late February.

Comerica Bank achieves ‘outstanding’ rating

5/1/2024
Comerica Bank received the highest overall rating of “Outstanding” in its 2023 CRA Performance Evaluation.

CFPB plans new rules for data brokers

5/1/2024
CFPB revealed plans to introduce new regulations within the year under the Fair Credit Reporting Act.

FDIC proposes expanding criteria for bank merger evaluations

5/1/2024
Under the new proposal presented, the FDIC aims to clarify that its evaluation of a proposed merger's competitive effects will encompass considerations beyond deposit-based metrics.

FOMC report finds progress in inflation fight

5/1/2024
The report highlighted that the FOMC does not anticipate lowering the target range until its members possess increased confidence that inflation is steadily progressing towards the 2% mark.

Digital wallet usage continues to increase

5/1/2024
This shift toward digital wallets is primarily fueled by the convenience they offer, leading consumers to favor them for various transactions.

American National Bank of Texas partners with Good Urban Development

5/1/2024
American National Bank of Texas collaborated with Good Urban Development to host two complimentary seminars as part of ANBTX’s ongoing homebuyer education series.

Texas Bankers Hall of Fame unveils 2024 inductees

3/1/2024
The Texas Bankers Hall of Fame unveiled the 2024 inductees, honoring them at the 11th Annual Texas Bankers Hall of Fame Gala.

Financial survey reveals Americans struggling to build emergency savings

3/1/2024
Bankrate survey revealed that the majority of Americans would not move money from their savings accounts to cover an emergency expense of $1,000 or more.

Sunflower Bank donates to small business incubator

3/1/2024
Sunflower Bank made a generous donation of $2,500 to San Antonio-based business incubator Emerge and Rise, Inc.

Bowman: Regulators losing sight with climate risk guidance

3/1/2024
In mid-January, Federal Reserve Gov. Michelle Bowman said in a speech to the South Carolina Bankers Association that regulators are losing sight of crucial safety and risks regarding the concern of climate risk guidance imposed on banks.

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