CFPB Sets Up ABA-Advocated Rural Designation Appeal Process
The Consumer Financial Protection Bureau today issued a final rule establishing a process by which a businesses and individuals can appeal the bureau’s designation of a rural area.
Browsing: Ag Banking
ABA, Associations Urge Congress to Protect Crop Insurance
In a joint letter yesterday, ABA and several farming industry groups called on congressional budget committees to protect crop insurance as they develop budget proposals for fiscal year 2017, urging them not to reopen the 2014 Farm Bill in their efforts to reduce the national deficit.
Farm Credit Council Blasts Letter ABA Sent to House Ag Leaders
The council’s five-page, histrionic rebuttal makes numerous false assertions about the FCS’s lending and other practices that House Ag Committee members had sharply criticized.
FCA Has Yet to Respond to Congress’s Questions
Usually witnesses, especially those from a federal agency overseen by the committee whose members posed the questions, respond quickly and fully to those questions. It is not smart for an agency to do otherwise. However, the FCA seems to be the exception as 57 days later it still has not answered the questions put to it at the hearing.
How to Compete with Farm Credit—and Win
Top tips from ag lenders: leverage Farmer Mac, provide value-added with free financial analysis and lead with fixed-rate products.
CFTC Finalizes Margin Requirements for Uncleared Swaps
The Commodity Futures Trading Commission today approved a final rule requiring swap dealers and major swap participants to exchange initial margin and variation margin with counterparties to swaps not cleared through a central counterparty.
ABA Urges USDA to Provide Relief for Cotton Farmers
ABA and the Independent Community Bankers of America issued a joint letter to the U.S. Department of Agriculture today urging the USDA to designate cottonseed as an ‘other oilseed’ for purposes of the Agriculture Risk Coverage and Price Loss Coverage programs.
House Ag Committee Members Ask Tough Questions of FCS Regulator
The Farm Credit System was on the hot seat during a long-due oversight hearing.
Final Highway Bill Includes Modified Fed Dividend Cut
A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.
Farm Credit System on Hill Agenda This Week
After long and patient advocacy by ABA and the state bankers associations, the House Agriculture Committee will hold an oversight hearing on the Farm Credit Administration on Wednesday.