All bank star-ratings are now updated in Jumbo Rate News and on our website (bauerfinancial.com); credit union star ratings and reports will be updated in early September. We are pleasantly surprised at how well our Nation’s banks are holding up…
The Credit Card You Seek May be Closer…
During the 12 months ended March 31, 2021, credit card loans outstanding from the nation’s banks dropped a stunning 12.8%, and an even more notable 19.2% lower than their peak at the close of 2019. Preliminary reports suggest that downward…
Consumer Loan Growth Bucks Trend at Some Banks
During the last nine months of 2020, many Americans took advantage of government stimulus and forbearance on mortgage loans to pay down (or off) personal debt. As a result, from March 31, 2020 to March 31, 2021 the banking industry…
Record Low Interest Margins Put Squeeze On
The average net interest margin at our nation’s banks contracted to its lowest level on record (2.56%) at March 31, 2021. In one year, the industry saw a decline of $29.8 billion in interest income, a decrease of 17.6%. If…
Kinda, Sorta, Comparable. But Not Really.
A new proposed “simplified” rule for credit unions is being likened to one in use for banks. Is it really? The proposed Complex Credit Union Leverage Ratio (CCULR), as its name suggests, is aimed at “complex” credit unions. Whereas the…