House Republicans open investigation into FDIC chairman
Three GOP leaders of the House Financial Services Committee, including Chairman Patrick McHenry, say they’ll explore possible connections between the agency’s alleged “toxic” work culture and its staffing shortages that may have contributed to this year’s banking crisis.
Conforming loan limit boosted 5% by FHFA
The hike was driven by modest home price gains this year, following a larger conforming loan limit boost in 2022 in reaction to then-double-digit home price growth.
Fed’s Barr: CRA update gives banks more ways to engage indigenous tribes
The Federal Reserve's vice chair for supervision said new definitions around community development activities and the ability for banks to invest outside their immediate assessment areas could be a boon to Native Americans and their communities.
Life insurance lending was the carrot in First Busey-Merchants deal
The seller, Merchants and Manufacturers Bank in Illinois, has experienced rapid growth and zero lifetime losses in its niche portfolio. First Busey says that business line was a key reason it decided to buy its in-state peer.