FDIC’s ‘Supervisory Insights’ Highlights CRE Risk Governance
With the volume of commercial real estate loans held by FDIC-insured banks reaching a record of $2.4 trillion in 2019,...
Commercial Lending
Fed Study Finds Inconsistent Advertising of Nonbank Small Biz Loan Terms
The way nonbank online lenders advertise or disclose up-front loan terms and costs for small businesses varies greatly, producing confusion...
McHenry Presses Fed for a Briefing on Libor Transition
House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles last...
Senate Clears 2020 Spending Bills; Orders CECL Review
In a 71 to 23 vote this afternoon, the Senate approved a spending package for the current fiscal year, funding...
FSB: Banks Need to Move Now on Post-Libor Plans
Financial firms that have not started their work to transition from the London Interbank Offered Rate and making fallback plans...
House Passes 2020 Spending Bills; CECL Study Required
The House today approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020. The...
Agencies Finalize Proposed Rule Regarding Treatment of HVCRE
The FDIC, Federal Reserve and OCC today finalized a rule implementing a provision of the S. 2155 regulatory reform law...
Fed: Business Debt Remains Elevated but Banking Sector ‘Resilient’
Business debt is historically high relative to U.S. gross domestic product, with debt increasing most rapidly among the riskiest firms...
McWilliams Expresses Concern about New Loans Tied to Libor
In an interview with MarketWatch published today, FDIC Chairman Jelena McWilliams expressed concern that banks are continuing to originate loans...
New York Fed Seeks Comment on Publication of SOFR Term Rates, Index
As expected, the Federal Reserve Bank of New York today announced plans to publish daily three compounded averages of the...
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