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FDIC Reports Banks Remain Resilient as Net Income Stays High

FDIC Reports Banks Remain Resilient as Net Income Stays High
FDIC Reports Banks Remain Resilient as Net Income Stays High
November 29, 2023  |  Banking

The aggregate net income for the 4,614 Federal Deposit Insurance Corporation (FDIC)-insured institutions during the third quarter was $68.4 billion, representing a 3.4% decrease from...

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CFPB Fines Bank of America Over Mortgage Lending Data Submissions
CFPB Fines Bank of America Over Mortgage Lending Data Submissions
November 28, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay $12 million for submitting incomplete mortgage lending data to the federal government. Get...

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Data Helps FinTechs Forge Much-Needed Path to Profitability
Data Helps FinTechs Forge Much-Needed Path to Profitability
November 28, 2023  |  Data & Research

For FinTechs, capturing data, analyzing it, and perhaps even monetizing it through partnerships will help determine who’s profitable, and ultimately, which FinTechs survive and thrive....

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Main Street Mainstays Could Use a Leg Up on Small Business Saturday
Main Street Mainstays Could Use a Leg Up on Small Business Saturday
November 24, 2023  |  SMBs

The holiday weekend is here. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Main Street Business Formation Hits Headwinds as Service Sector Startups Decline
Main Street Business Formation Hits Headwinds as Service Sector Startups Decline
November 21, 2023  |  SMBs

If startups are the lifeblood of Main Street businesses, and if optimism is what drives sole proprietors and small firms to make a go of...

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CFPB Fines Toyota Motor Credit $60 Million for Illegal Practices
CFPB Fines Toyota Motor Credit $60 Million for Illegal Practices
November 20, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered Toyota Motor Credit to pay a $60 million fine for engaging in illegal lending practices and credit reporting...

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40% of Mid-Sized LatAm Firms Use Working Capital to Fuel Growth
40% of Mid-Sized LatAm Firms Use Working Capital to Fuel Growth
November 20, 2023  |  SMBs

In the Latin America and Caribbean (LAC) region, 40% of mid-sized companies use various working capital solutions to support planned growth, driving the highest average...

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Record-High Share of Americans Have Paid Off Their Homes 
Record-High Share of Americans Have Paid Off Their Homes 
November 17, 2023  |  Real Estate

An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage.  Get the Full Story Complete the...

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