Author Bert Ely
According to a recent press release issued by the on-line magazine Global Finance, the four FCS banks are among the world’s 50 safest commercial banks.
Is the Farm Credit System subject to FinCEN’s final rule on beneficial ownership with respect to customer due diligence requirements?
The Farm Credit System has been hit by yet another accounting scandal, this time at Lone Star Ag Credit, which is headquartered in Fort Worth, Texas.
Bankers in many areas of the country have discovered that the FCS associations they compete against effectively are accepting deposits.
As in prior years, FCA’s annual report grossly overstates the FCS’s YBS lending activities.
On March 29, the House Agriculture Committee held a hearing on the FCS.
On February 28, the Agricultural Appropriation Subcommittee of the House Appropriations Committee held an oversight hearing on the Farm Credit Administration (FCA), the first such hearing the subcommittee had held in 19 years.