The federal banking agencies and the Financial Crimes Enforcement Network, in consultation with the Conference of State Bank Supervisors, today issued guidance long sought by ABA on banks’ Bank Secrecy Act obligations related to hemp producers.
Read more in the ABA/Farmer Mac Agricultural Lender Survey.
While the agricultural sector continues to face numerous challenges, “there’s a lot of optimism” among ag lenders looking ahead to the next 12 months, ABA Chief Economist James Chessen said in an interview today with RFD-TV’s “Market Day Report” program.
With the farm economy in the midst of a prolonged downturn, the primary concern among ag lenders in 2019 was credit quality and the deterioration of agricultural loans, according to the latest agricultural lenders survey conducted by the American Bankers Association and Farmer Mac.
The United States Department of Agriculture today issued a long-awaited interim final rule establishing new regulations and procedures for the legal production of industrial hemp, as required by the 2018 Farm Bill.
The FCS, America’s least known government-sponsored-enterprise, has an excessively complex and increasingly obsolete organizational structure. … Simplifying the structure of the FCS would improve its operating efficiency, which presumably would benefit its member/borrowers, while strengthening the FCA’s safety-and-soundness regulation of the FCS.
The American Bankers Association has announced the recipients of both the Bruning and Blanchfield Awards, the association’s premier awards presented for contributions to ag banking.
Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors.
In a white paper circulated recently on Capitol Hill, industry veteran Bert Ely called for an overhaul of the Farm Credit System.
Just prior to going into recess for August, the Senate on Thursday passed an ABA-opposed bill that would significantly raise the current debt limit for Chapter 12 bankruptcy filings.