Financial Accounting, Reporting & Analysis

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

In the final OSCPA Town Hall of 2024, the focus was on what’s in store for the financial markets in 2025.

Dec 16, 2024, 00:00 AM by Jessica Barboza

In an era where personal data is increasingly commodified, the Consumer Financial Protection Bureau (CFPB) is attempting to regulate the sprawling industry of data brokers. A newly proposed rule aims to put data brokers in line with the Fair Credit Reporting Act (FCRA), ensuring accountability and consumer privacy amid widespread security issues.

Dec 16, 2024, 00:00 AM by Jessica Barboza

Reports from 4,517 commercial banks and savings institutions insured by the FDIC reported aggregate net income of $65.4 billion in third quarter 2024, a decrease of $6.2 billion (8.6%) from the prior quarter. The absence of one-time gains on equity security transactions that occurred last quarter drove the quarterly decrease. These and other financial results for third quarter 2024 are included in the FDIC’s latest Quarterly Banking Profile.

Dec 16, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Dec 5, 2024, 00:00 AM by Jessica Barboza

Buy now, pay later (BNPL) financing may have increased appeal for consumers during the year-end holiday shopping season this year in light of credit card interest rates being higher than ever, industry consultants say.

Dec 5, 2024, 00:00 AM by Jessica Barboza

Poor CEO succession planning poses “a significant risk” for U.S. banks, according to a new analysis.

Dec 5, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Nov 15, 2024, 00:00 AM by Jessica Barboza

Credit unions' balance of auto loans fell in the third quarter, causing its share of U.S. auto loans to shrink, according to a CU Times analysis.

Nov 15, 2024, 00:00 AM by Jessica Barboza

Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2% objective but remains somewhat elevated.

Nov 15, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Nov 1, 2024, 00:00 AM by Jessica Barboza

The Consumer Financial Protection Bureau (CBFB) has issued its long-awaited final rule on open banking — with a major tweak.

Nov 1, 2024, 00:00 AM by Jessica Barboza

The Federal Trade Commission issued a final “click-to-cancel” rule to make it as easy for consumers to cancel recurring payments for products and services as it was for them to sign up. The amendment to the 1973 Negative Option Rule includes civil penalties designed to combat business practices that make it structurally difficult or unclear for consumers to end their participation in automatic renewal programs.

Nov 1, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Oct 18, 2024, 00:00 AM by Jessica Salerno Shumaker

Credit unions continued setting records in August for poor lending performance, led by further shrinking of auto loan portfolios, according to a trade group's report.

Oct 18, 2024, 00:00 AM by Jessica Salerno Shumaker

The rising costs of technology and increasing regulatory demands are becoming bigger concerns for community bank executives, according to the Conference of State Bank Supervisors’ (CSBS) 2024 community bank survey.

Oct 18, 2024, 00:00 AM by Jessica Salerno Shumaker

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Oct 2, 2024, 00:00 AM by Jessica Barboza

Nearly all (97.5%) of U.S. households have at least one transaction account, such as a checking or savings account, a prepaid card, a PayPal account or a Cash App account, according to a new report from the Federal Reserve Bank of Kansas City.

Oct 2, 2024, 00:00 AM by Jessica Barboza

Banks may be eager to take advantage of opportunities posed by artificial intelligence, but they have work to do in persuading their customers to get onboard, according to research from J.D. Power.

Oct 2, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Jun 13, 2024, 02:00 AM by Natalie Rooney

Forensic auditors with the Bureau of Alcohol, Tobacco, Firearms and Explosives are highly trained experts who assist with investigations into firearms trafficking, arson for profit, explosives violations and tobacco and alcohol diversion.