A new report from S&P Global Market Intelligence projects that community bank earnings will decline 12 percent this year before rebounding in 2025 and 2026. S&P’s 2024 U.S. Community Bank Market ...
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Flooding in the United States costs between $179.8 and $496.0 billion per year in damages and economic impact, according to the U.S. Congress Joint Economic Committee (JEC). The estimated damages i...
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The U.S. Department of the Treasury released a request for information (RFI) on artificial intelligence (AI) in the financial services sector. The RFI is seeking to better understand how AI is bein...
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A new study from the Insured Retirement Institute (IRI) shows how tax-deferred investments in variable annuities can produce higher retirement income at the same risk level as other investments. Th...
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Total assets in federally insured credit unions rose by 4.4 percent in the first quarter, according to the National Credit Union Administration (NCUA). The NCUA’s Quarterly Credit Union Data Sum...
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The Federal Deposit Insurance Corporation (FDIC) issued a report on a program offered by the Internal Revenue Service (IRS) to help unbanked Americans. Specifically, the report examines the role th...
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The June 2024 ICE Mortgage Monitor Report shows that annual home price increases slowed a bit in April. This marks the second consecutive month of pullbacks, according to the report, which is prod...
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On Thursday, a report from Deloitte said Artificial Intelligence (AI) and climate change would have a significant impact on the financial services industry over the next three to five years. Accor...
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The Consumer Financial Protection Bureau (CFPB) has initiated a public inquiry into junk fees found in mortgage closing costs. The CFPB is seeking to find out why closing costs are increasing, who...
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U.S. banks generated net income of $64.2 billion in the first quarter of 2024, up $28.4 billion 79.5 percent from the prior quarter, according to the Federal Deposit Insurance Corporation’s latest Q...
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