To help address the pending shortage of rural property appraisers — and the implications for agricultural and commercial credit in rural communities — ABA’s Center for Agricultural and Rural Banking and ABA’s Commercial Real Estate Committee convened a meeting yesterday of key stakeholders from the banking industry, federal government, appraisal industry and others.
ABA’s international finance subsidiary BAFT yesterday announced a new initiative to drive awareness of how innovative technology is transforming cross-border payments, trade finance and other transaction banking areas.
ABA today voiced its opposition to a bill, introduced yesterday by Sens. Rand Paul (R-Ky.), Sheldon Whitehouse (D-R.I.) and Jack Reed (D-R.I.) that would raise the member business-lending cap for certain credit unions from 12.25 percent to 27.5 percent of total assets.
The National Credit Union Administration received a record 3,086 comment letters on its proposed rule to expand member business lending, the agency said this week. Bankers responding to ABA’s call to action helped ensure that the majority of those letters – 2,759, according to NCUA – were opposed to the proposal. “This response makes a
ABA today registered its opposition to the National Credit Union Administration’s aggressive proposal to expand business lending by credit unions
The federal banking agencies today issued aggregate data on 2014 small-business, small-farm and community development loans that institutions reported under the Community Reinvestment Act.
The right mix of resources, critical partnerships and creative thinking can spur economic revival in financially battered rural areas.
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.