Community Banking

Fed’s Brainard Lists Reg Relief Measures With ‘Greatest Promise’

Federal Reserve Governor Lael Brainard at an EGRPRA outreach meeting today listed several areas that she believes “hold the greatest promise to reduce undue regulatory burden.” Many areas mentioned correspond to items on ABA’s Agenda for America’s Hometown Banks. For example, Brainard noted that the Fed is exploring options for allowing smaller banks to achieve the goals of Basel III ...

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StoneCastle Closes First Community Bank CLO Since 2008

StoneCastle Financial, an ABA endorsed solution provider, last week announced a $45.5 million investment in preferred shares issued by Community Funding CLO, Ltd., a bank credit collateralized loan securitization. The net proceeds of the CLO were used primarily to fund direct capital investments into 35 community and regional banks from 24 states. ABA, through its Corporation for American Banking subsidiary, ...

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A Conversation with the Comptroller

Frank Keating discusses top banking issues—from regulatory relief and cybersecurity to de novos and the future of the mutual charter—with Comptroller of the Currency Thomas Curry.

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House Passes Bill Expanding 18-Month Exam Cycle Eligibility

In unanimous votes, the House last night passed two bills consistent with ABA’s Agenda for America’s Hometown Banks. H.R. 1553, introduced by Reps. Scott Tipton (R-Colo.), Lacy Clay (D-Mo.) and Andy Barr (R-Ky.), would raise the asset threshold for qualifying for the 18-month exam cycle from $500 million to $1 billion.

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