The newest Conference of State Banking Supervisors’ survey shows the stagnating economy is weighing on community bankers’ minds.
The Federal Reserve’s interest rate decisions and concerns about future business conditions have made community bankers more pessimistic.
John W. Ryan, who spent more than a decade leading the trade group for state bank supervisors, died unexpectedly Monday night at age 58.
Concerns about future business conditions have led community bankers to hold a less optimistic outlook for the economy, according to the Conference of State Bank Supervisors latest survey.
The owner of a California-based mortgage education course provider has agreed to cooperate with state agencies investigating loan originators who allegedly avoided taking required classes to maintain their mortgage licenses.
The Massachusetts Division of Banks has joined more than 40 other regulatory agencies nationwide in settling with hundreds of mortgage loan originators who allegedly participated in schemes to avoid taking required classes to maintain mortgage licenses.
While community bankers in December had a slightly more optimistic outlook about future business conditions and the economic outlook compared to the end of 2020, bankers are expressing more concerns about future profitability, according to the Conference of State Bank Supervisors latest survey.
More than a year after the start of the pandemic saw banks and their customers confronting the unknowns of a public health crisis and a recession, the latest quarterly earnings results for Massachusetts-based banks continue to point to an improving outlook.
While community bankers’ overall outlook on the economy has improved since the start of the pandemic, profitability and regulatory burden remain concerns for more than half of bankers, according to a quarterly survey by the Conference of State Bank Supervisors.
The pandemic has shifted the challenges facing community banks, as business conditions have become bankers’ top concern, according to the Conference of State Bank Supervisors annual national survey.
The Conference of State Bank Supervisors has launched a nationwide program that will offer a single exam to payments firms, ensuring that they satisfy all state regulatory requirements.
A federal bank regulator’s plan to begin processing applications to provide charters to payments firms has drawn opposition from state bank supervisors.
Community bankers’ overall outlook on the economy remained negative in the second quarter, with bankers holding a range of opinions on business conditions, according to a quarterly survey by the Conference of State Bank Supervisors.
As banks have sought opportunities to satisfy Community Reinvestment Act requirements by lending in low- and moderate-income communities, affordable housing organizations have found willing partners for their projects.
A survey asking U.S. community banks for their outlook on the economy shows how quickly the coronavirus pandemic affected bankers’ views.
As the widening financial crisis is expected to affect a growing number of mortgage borrowers, the Massachusetts Division of Banks has notified lenders and mortgage servicers that they are should work with borrowers experiencing financial hardships due to the coronavirus.
Federal and state regulators are encouraging financial institutions to meet the needs of customers affected by the coronavirus, indicating that examiners would not hold these efforts against banks and credit unions.
The national debate surrounding the regulation of financial technology companies, also known as fintechs, continues to grow almost as quickly as the industry itself.
A group of states including Massachusetts has approved a number of recommendations from the fintech industry to streamline the licensing of fintech companies.
Community bankers will soon have another tool they can use to gauge market conditions and prospects for growth.