The Federal Reserve today said it plans to launch a new tool, the Scaled CECL Allowance for Losses Estimator, or SCALE, to help community banks implement the current expected credit loss standard.
Browsing: Community Banking
Banking has always been about people and no bank is better than its employees—so it’s incumbent on all of us to recruit the best and brightest.
In a statement for the record shared ahead of a House Financial Services Subcommittee hearing on economic and racial justice in the aftermath of George Floyd’s death, the American Bankers Association emphasized the banking industry’s commitment to diversity, equity and inclusion and highlighted some of the DEI and financial inclusion initiatives banks are implementing across the country.
Farmers, ranchers and producers across the country have stood strong during a year of extreme economic disruption and tumult. America needs them to sustain agriculture, and they need all of the support they can get. At this time, in particular, withholding any would be irresponsible. Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) introduced the Enhancing Credit Opportunities in Rural America (ECORA) Act of 2021 in the House of Representatives, bringing it a step closer to law.
OCC is working to find nontraditional ways to establish a good credit history for those with no credit.
For Bernard Tynes, realizing the power of marketing takes the perfect combination of gut feeling and hard information.
Banking leaders from around the country weigh in on ways that banks can partner with small businesses and aspiring entrepreneurs,
Community banks are irreplaceable in responding to the needs of small business clients and in helping them access the multiple rounds of the Paycheck Protection Program funding during the pandemic, Fed Governor Michelle Bowman said today.
Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But it’s not too soon to start gleaning lessons from larger institutions that are already utilizing the new standard.