The right mix of resources, critical partnerships and creative thinking can spur economic revival in financially battered rural areas.
Browsing: Commercial Lending
Two reports offer dueling interpretations.
After recovering from the financial crisis, is business lending growth finally tapering off?
Credit standards continued to ease in most commercial and consumer loan categories, according to the Federal Reserve’s latest survey of senior loan officers released today.
The National Credit Union Administration is a “captured regulatory agency,” as evidenced by the credit union industry’s attempt to have NCUA “end run” limits on business loans imposed by Congress, the Washington Times said in a Sunday editorial.
With the Small Business Administration’s popular 7(a) loan guarantee program having maxed out its $18.75 billion cap two months before the end of the federal fiscal year, ABA today encouraged Congress to pass a prompt increase in the 7(a) lending cap.
Continuing the banking industry’s press against overreach by the National Credit Union Administration, the 53 state bankers associations today wrote to Congress urging them to further investigate NCUA and its efforts to subvert congressional intent.
The U.S. Export-Import Bank has contributed positively to economic growth and its current expired state could “damage the U.S. economy,” Democratic staff for the Joint Economic Committee said yesterday in a new report.
ABA President and CEO Frank Keating kept up the pressure on the National Credit Union Administration and the credit union industry with an op-ed today in The Hill noting that — in addition to being exempt from taxes — credit unions enjoy a “compliant federal regulator that often acts like a cheerleader for the industry it is supposed to be supervising.”
National Credit Union Administration Chairman Debbie Matz will appear before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit tomorrow — her first appearance before Congress since 2011 — and ABA urged House members to hold NCUA accountable for its efforts to subvert congressional intent.