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November

30
2023
Industry News

The Beige Book

The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from each District’s sources. Reports are published eight times per year.

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November

30
2023
Industry News

So an online scam is NOT what you ordered?

This time of year, you’re probably buying lots of things online. Gifts, decorations, food! But what if something you’ve ordered shows up different than advertised? Or damaged? Or never comes at all? If so, you’re not alone.

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November

29
2023
Industry News

New FTC Data Book Reveals Significant Drop in Robocall Complaints

The Federal Trade Commission just released its National Do Not Call (DNC) Registry Data Book for Fiscal Year 2023 this month, revealing a decline in consumer complaints regarding robocalls and unwanted telemarketing calls.

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November

29
2023
Industry News

FDIC-Insured Institutions Reported Net Income of $68.4 Billion in Third Quarter 2023

WASHINGTON — Reports from 4,614 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $68.4 billion in third quarter 2023, down $2.4 billion (3.4 percent) from the prior quarter. First and second quarter income benefitted from non-recurring gains from the accounting treatment for the acquisition of the three large bank failures this spring. Excluding these one-time gains, net income would have been roughly flat for the past four quarters.

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November

29
2023
Industry News

CUNA, NAFCU suggest CFPB changes, highlight CU concerns

CUNA and NAFCU suggested principles the Consumer Financial Protection Bureau (CFPB) should operate under and made other recommendations on the CFPB's structure, rulemaking, and more in a letter sent to the House Financial Services Committee Tuesday. CFPB Director Rohit Chopra is scheduled to testify before the committee Wednesday.

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