Commercial Lending

ABA Applauds Bill to Raise Funding for FSA Programs

The American Bankers Association today expressed support for legislation introduced by Sen. Mike Rounds (R-S.D.) that would increase the lending limit and overall funding for the Farm Service Agency’s guaranteed farm ownership and operating loan programs.

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Treasury Announces FY 2017 Bank Enterprise Award Funding

The Treasury Department’s Community Development Financial Institutions Fund is announcing $23 million in funding for the fiscal year 2017 Bank Enterprise Awards, which encourage banks to increase their investments and loans in disadvantaged communities.

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ABA Concerned about Feasibility of Small Biz Data Collection

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

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SBA Seeks Temporary Loan Processors for Harvey Relief

As it prepares to process an "extraordinary" number of disaster loans in the wake of Hurricane Harvey, the Small Business Administration is seeking professional commercial loan officers for a temporary assignment in processing loan applications.

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