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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
The CFPB's proposed update to debt collection rules needs clarifications.
Sep 19, 2019
Blog post
CSBS Senior Economist and Director of Research Tom Siems examines economic growth in the current business cycle.
Sep 18, 2019
Blog post
The FDIC's final rule for the community bank leverage ratio is an example of state and federal regulators working together at our best.
Sep 17, 2019
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CSBS publishes the latest in a policy paper series on reengineering nonbank supervision
Sep 16, 2019