Podcast: Exit Interview with Jelena McWilliams, Part 2
McWilliams discusses several policy aspects of her tenure at the FDIC, including climate risk, small-dollar lending, CRA reform and the Mission-Driven Bank Fund.
Browsing: Commercial Lending
Fed Survey: Loan Easing Trend Continues in Q4 2021
Banks continued to ease standards on commercial, mortgage and personal loan products amid mixed demand, according to the Federal Reserve’s senior loan officer opinion survey released today.
Brainard: Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms
With regulatory scrutiny of climate change-related risks growing, Federal Reserve Governor Lael Brainard promised today that the Fed’s climate risk supervision will not include directives for banks not to lend to specific industries like oil and gas.
Podcast: Preparing for a Surge in Business Lending
Middle-market businesses are raring for growth in 2022, and four in 10 expect their credit needs to increase this year, which according to economist Jim Glassman of JPMorgan Chase on the latest episode of the ABA Banking Journal Podcast will lead to a surge in commercial and industrial lending.
ABA: CFPB Section 1071 Proposal Is ‘Unnecessarily Far-Reaching’
While expressing support for fair lending laws and regulations, ABA and the state bankers associations yesterday raised concerns about the CFPB’s long-awaited proposed rule to implement Section 1071 of the Dodd-Frank Act, which concerns the collection of credit application data for small businesses, including women-owned and minority-owned small businesses.
Podcast: The Community Bank Digital Transformation Roadmap for 2022
What’s on the community bank roadmap for digital process improvement in 2022? On the latest episode of the ABA Banking Journal Podcast, Chris Bailey lifts the curtain on his bank’s investments in digital signature management, conversational capabilities and client business optimization.
IRS Releases Final Regs on Tax Implications of Post-Libor Modifications
Shortly before the cessation of two U.S. dollar Libor tenors on Dec. 31, the IRS last week issued final regulations on the tax consequences of the transition away from Libor.
Podcast: Navigating the Beginning of the End for Libor
5… 4… 3… 2… 1… The banking industry is in the final New Year’s Eve countdown to the cessation of two U.S. dollar Libor tenors, with the remainder set to cease in 2023.
Agencies Release 2020 CRA Data on Small Biz, Community Development Lending
The federal banking agencies today released 2020 Community Reinvestment Act data on small business, small farm and community development lending.
FSOC: Climate Risk Tops Financial Stability Priorities
Climate-related risks rank among the top priorities for the Financial Stability Oversight Council, according to the FSOC annual report released today.