Why commercial lending fell last quarter despite low interest rates

Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
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U.S. households had better bank access in 2019, FDIC says. And then the pandemic happened.

A higher unemployment rate and economic turmoil means the number of unbanked households could rise again.
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Rural bank branches more scarce than ever

Dec 3, 2019
The Federal Reserve found that over 40% of rural counties lost bank branches in the five years to 2017.
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ATM withdrawal fees are getting pricier

Oct 3, 2019
Charges are especially high for using out-of-network machines.
ATM fees are at an all-time high, according to Bankrate.
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Why your safe deposit box might not be as "safe" as you think

Jul 22, 2019
Stacy Cowley, business reporter for the New York Times, says a combination of negligence and lack of regulation has led to hundreds of people losing millions of dollars in valuables.
Close up of a man putting a will in to a bank safety deposit box circa 1950.
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Fed exempts 17 banks from stress tests this year

Jun 21, 2019
The move carries risks but takes the burden of annual reviews off relatively smaller banks.
An American Express flag blows in the wind in front of corporate headquarters in New York City. American Express Co. is one of 17 banks exempt from this year's stress test.
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Secured credit cards help build credit, with some caveats

Jun 11, 2019
Amazon Credit Builder will offer secured credit lines to those without strong credit who put down a security deposit to borrow against.
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A new company is trying to get between your bank and your financial apps

May 16, 2019
Fidelity's parent company is trying to give customers a little more control over what data the apps can retrieve.

Bank CEOs ask Congress to loosen capital requirements

Apr 11, 2019
For the first time since the financial crisis, the CEOs of the largest US banks testified to the House Financial Services Committee. James Gorman of Morgan Stanley, Jamie Dimon of JPMorgan Chase and Bank of America’s Brian Moynihan asked Congress to lower the high capital requirements. They say the rules, put in after the financial crisis, […]
CEO of Citigroup, Michael Corbat (L), chairman and chief executive of JPMorgan Chase, Jamie Dimon (2ndL) and others are sworn in to testify before the House Financial Services Committee on accountability for mega banks on Capitol Hill in Washington, DC on April 10, 2019.
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As relaxed regulations spur credit union memberships, banks cry foul

Apr 3, 2019
The two sides will meet soon in federal appeals court.
At the Move Your Money March in the downtown Los Angeles financial district in 2011, Occupy movement members called for people to move their money from banks to credit unions.
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