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Banking News
ABA’s Nichols: Despite Economic Headwinds, Banks Are Healthy, Prepared (5/26/2022) 
While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve
FDIC: Increase in Provision Expense Drives Bank Net Income Down (5/25/2022) 
FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year prior.
Fed: Roughly One in 10 Americans Using Crypto, BNPL (5/24/2022) 
The Fed survey found that 12% of adults had held or used crypto in the prior year—with almost all of these using it as an investment vehicle, not a form of payment.
Fed Survey: Americans’ Financial Well-Being Improves in 2021 (5/24/2022) 
Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably.”
GOP Lawmakers: CFPB Must Undo Changes to UDAAP Enforcement, Adjudications (5/23/2022) 
House Republican lawmakers slammed recent changes made by the CFPB to its supervision examination manual.
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