Rep. Steve Watkins (R-Kan.) today introduced the Enhancing Credit Opportunities for Rural America Act (H.R. 1872), which would end taxation of interest earned from agricultural real estate loans.
This American Bankers Association-advocated bill would provide rural bankers with the same tax status as Farm Credit System lenders when making loans secured by ag real estate, thus leveling the playing field between banks and the tax-advantaged FCS.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
The CFPB is seeking public input in advance of a proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit reports of victims of domestic violence, elder abuse or...
The Federal Reserve issued a technical clarification stating that its account access guidelines apply to excess balance accounts, or EBAs.
The Securities and Exchange Commission should withdraw a staff accounting bulletin that changed how banks and other publicly traded entities account for obligations to safeguard digital assets, SEC Commissioner Mark Uyeda said.
Consumer inflation expectations increased slightly at the short-, medium-, and longer-term horizons in November, the New York Fed said in its most recent Survey of Consumer Expectations.
Requirements to pledge specific amounts of collateral to the discount window could make banks more dependent on the Fed, crowding out well-functioning market options like the repo market and the FHLBs.
