Fact: The target Fed Funds rate is up 2100% while Top short-term CD rates have risen over 1000% in the past 18 months. Loan rates react more quickly to rises in the Fed Funds rate. U.S. banks reported a 15.5%…
BofA Caught Double Dipping
Fact: Bank Service Charges have decreased more than 9% in the past 5 years. Top Offenders: While Bank of America and some other Big Banks have been popular targets for regulators, they are not the biggest offenders, at least not…
Should Multifamily Residential RE Worry Us?
Fact: Multifamily Residential Real Estate Loans have grown over 44% in the past 5 years. Top Lenders: JPMorgan Chase Bank, N.A., Columbus, OH is by far, the top lender of this type, however, 50 U.S. banks have at least one-third of their…
How Consumers are Coping with Higher Rates
What a difference a year makes, both in attitudes and in numbers. TransUnion®’s Second Quarter 2023 Consumer Pulse Study reports that 57% of Americans are optimistic when it comes to their household finances over the next year. That number, however,…
Advocacy is One Thing, Action Another
A lot of lip-service is given to the concept of equality and freedom, but that’s not the same as action. For some Minority Depository Institutions (MDIs), especially for Black/African-American MDIs, this year, the advocacy is changing into actual action. The first de…