
National Survey Finds Bank Execs Worried About CFPB Small Biz Data Rule
Sixteen percent said in a new survey that they may lower small business lending due to anticipated higher costs from the rule.
Sixteen percent said in a new survey that they may lower small business lending due to anticipated higher costs from the rule.
Two economic surveys showed that the U.S. economy is continuing to suffer from high interest environment and is likely headed for a recession after the announcement of another Federal Reserve rate hike Wednesday, even as Federal Reserve economists have stopped forecasting that recession is on the horizon.
While the banking crisis has raised questions about whether the FDIC should guarantee higher deposit balances, some banks have already found ways to insure their customers’ deposits: the IntraFi Network and similar fintech solutions.