N.Y. Fed Chief: Don’t Wait for Term SOFR to Begin Rate Transition
Market participants should not wait for term versions of the Secured Overnight Financing Rate to begin adopting it in contracts,...
Commercial Lending
Treasury Announces $25M in Bank Enterprise Awards
The Treasury Department’s Community Development Financial Institutions Fund today announced more than $25 million in awards to 113 banks through...
ABA’s Benton Discusses Importance of Getting Libor Transition Right
With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial...
Podcast: Avoiding the ‘Rhetoric of Sameness’ in Marketing
"We just never felt like we wanted to join that rhetoric of sameness," Tim Marshall says of his marketing approach...
Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses
Fewer non-employer firms—those without full-time or part-time employees on payroll, which account for 81% of U.S. small businesses—reported profitability in...
FFIEC Green Lights Temporary Appraisal Relief for North Dakota
The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has approved a waiver request from appraisal licensing requirements for...
Banks Report Stronger Residential Mortgage Demand
The second quarter saw substantially stronger demand for residential mortgage loans, according to the Federal Reserve’s latest senior loan officer...
Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods
As urban areas across the country grow and change, community development financial institutions like Metro Bank in Louisville, Ky., are...
NCUA Appraisal Action Creates Inconsistent Regulatory Standard
By a two-to-one vote, the National Credit Union Administration board today finalized a controversial proposal to raise the threshold at...
Agencies Issue Proposal on HVCRE Treatment of Single-Family Land Development Loans
In an effort to clarify their September 2018 proposal for high-volatility commercial real estate acquisition, development or construction loans, the...
