Mr. Rohit Chopra and the Consumer Financial Protection Bureau (CFPB) are working hard to bring down fees that are not justified (i.e. junk). In fact, in its Fall 2023 issue of Supervisory Highlights, the CFPB reported that its work has…
It’s Not the Water, It’s the Economy
The commercial loan sector is one that continues to make news for all of the wrong reasons. A list of 51 banks is provided in this week’s issue of Jumbo Rate News that are each showing signs of stress in…
More Bank Regulation Means More CUs Buying Banks
Since the beginning of 2022, 20 credit unions have completed bank acquisitions; several more acquired just branches. More bank regulations only serve to compound this phenomena. Page 5 of this week’s Jumbo Rate News includes the 20 credit unions that acquired…
Credit Union Share (Deposit) Growth
After the three fairly large and very public bank failures earlier this year, we heard much anecdotal evidence that deposits fled from banks to credit unions. Credit Union deposits did, indeed grow by 2.13% in the first quarter. Bauer’s LLAMAS…