Commercial Lending

ABA, Trade Groups Oppose ‘Rescission’ Cuts to CDFI Funding

ABA and three other trade groups today urged House and Senate appropriations leaders to oppose the Trump administration’s $15.4 billion rescissions proposal, which would seek to claw back $23 million from the Bank Enterprise Award Program and $151 million from the Capital Magnet Fund.

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House Passes ABA-Backed SBA 7(a) Reform Bill

By a voice vote, the House today passed H.R. 4743, a bipartisan bill introduced by Reps. Steve Chabot (R-Ohio) and Nydia Velazquez (D-N.Y.) that would strengthen the Small Business Administration’s oversight of its loan programs and increase its maximum lending authority.

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Podcast: NYCB’s Joe Ficalora on Lending to Rent-Stabilized Apartment Buildings

In New York City, more than 1.3 million rental homes and apartments have rents that are stabilized, controlled or otherwise regulated. These units account for more than 60 percent of New York City’s overall rental market and over 40 percent of all occupied housing in the city. While economists debate the merits of rent stabilization policy, the owners of these ...

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