Ag Banking

CFPB Releases 2018 Lists of Rural, Underserved Counties

The Consumer Financial Protection Bureau today released the lists of rural counties and rural or underserved counties that entities can use in 2018 to determine whether they are exempt from certain regulatory requirements under the bureau’s Ability-to-Repay, escrow, HOEPA and appraisal rules.

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Staying Close to Farm Customers

With Midwestern grain and row crop commodities continuing to trade in lower-price bands, producers’ ability to manage price risk takes on growing importance.

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Farm Credit Watch: FCS’s $10B Treasury Line of Credit Extended Another Year

By Bert Ely The FCS’s $10 billion line-of-credit with the Treasury Department’s Federal Financing Bank, or FFB, was recently renewed for another year, to expire on Sept. 30, 2018. This line-of-credit was first created in September 2013 and has been renewed annually since then. No public notice was given announcing this renewal — its extension for another year could only ...

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Farm Credit Watch: FCS’ Deposit-taking More Extensive Than Previously Reported

In the July Farm Credit Watch, I wrote that the Farm Credit System effectively accepts deposits, through the cash management services some FCS associations offer to their member/borrowers. As the article described, many associations in two of the four FCS districts — those funded by CoBank and AgriBank — accept deposits on behalf of the bank that funds them. That ...

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