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April

5
2023
Trends

Eight million Californians have auto loans, but more and more struggle to pay them off

Californians are making much bigger auto loan payments nowadays than they were a decade ago, and more and more consumers are unable to make their loan payments.

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April

5
2023
Trends

Many millennials optimistic about personal finances amid dealing with economic concerns, debt

The Ameriprise Financial survey revealed that many millennial investors have trust in their financial situation even though they are facing economic issues, debt and other matters.

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April

5
2023
Industry News

Fitzgerald Introduces the Making the CFPB Accountable to Small Businesses Act

WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) introduced the Making the CFPB Accountable to Small Businesses Act. This legislation would require the Consumer Financial Protection Bureau (CFPB) to presume that size and sophistication-based tailoring of regulations are needed in SBREFA panel reviews. If tailoring is not undertaken by the panel, they must issue a justification.

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April

5
2023
Industry News

First South Financial Credit Union Earns Top 100 Ranking

MEMPHIS, Tenn., April 5, 2023 /PRNewswire/ -- First South Financial's President and CEO, Dr. Craig Esrael, is happy to announce that First South Financial Credit Union has been ranked as one of S&P Global Market Intelligence's 2022 Top 100 Credit Unions out of approximately 4,800 credit unions in the nation and the 1,797 credit unions that qualified for the ranking. Criteria for the rankings required each credit union to have over $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2022.

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April

5
2023
Strategy

Lending conditions, term loans tighten "sharply": Dallas Fed survey

In normal times, surveys on banking conditions are released with little fanfare. Now, there is an increased appetite for data on how banks across the rest of the country are faring.

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