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Media Highlights - Week of August 20

News impacting state supervisors this week:

  • U.S. banks set another quarterly record for revenue in Q2 2018, reaching $60.2 billion. That represents a 25.1 percent, or $12.1 billion, increase from the same quarter last year, including a 21.1 percent gain in net income for community banks. Only 3.8 percent of banks were unprofitable, compared to 4.3 percent a year ago, the FDIC said. The American Banker has six takeaways from the report. 
  • The Federal Agencies issued an interim final rule allowing banks with fewer than $3 billion in assets to qualify for an 18-month examination cycle. 
  • The Senate Banking Committee approved Kathy Kraninger to lead the CFPB, Elad Roisman to be a member of the SEC, Michael Bright to lead Ginnie Mae, and Kimberly Reed to the lead the Export-Import Bank. All votes will now proceed to the full Senate for consideration.

Recent Blog Posts

Blog post
CSBS Chairman and South Dakota Division of Banking Commissioner Bret Afdahl identifies leading CSBS priorities.
Jun 26, 2019
Blog post
Fintech consultants interview Margaret Liu on fintech regulation, the technologies state regulators use to oversee nonbank financial sectors, and the latest on Vision 2020
Jun 20, 2019
Blog post
Community banks have just over two weeks to complete the CSBS 2019 Community Bank Survey. Responses are due by June 30.
Jun 14, 2019
Blog post
Consumer protections are always top of mind for state financial regulators. And protecting the elderly is a growing concern.
Jun 13, 2019