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Tag Archives: banking

FCS REVIEW

House Agriculture Committee members used a Wednesday hearing to see if the Farm Credit System (FCS) is abiding by its mission, because members of the banking community aren’t sure if that’s the case. Many of the questions dealt with whether Farm Credit was sticking within its governmental mission.

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INCREASED RISK

Tighter credit conditions may be coming to commercial banks and Farm Credit System, due to new Basel III banking rules, warns Texas A&M ag economist Danny Kleinfelter warns in his DTN column. That means a surge in poor-quality loans will be more painful for banks than in the past and give them less leeway in dealing… read more

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MOBILE REIGNS

This year, for the first time, U.S. customers interacted with their banks more through mobile devices than any other means, according to a new study by consultancy Bain & Co. Mobile interactions are now 35% of the total, more than any other type, including traditional online channels, automated-teller machines and branch visits.

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WALMART CHECKING

Wal-Mart announced last week that it will partner with Green Dot, an issuer of prepaid debit cards, to offer low-fee checking accounts to customers in all Wal-Mart stores. The 538 blog says Wal-Mart has stores in locations with the most unbanked customers.

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