FDIC Report: Banks’ Small Biz Lending Significantly Underestimated
Banks lend significantly more to small businesses than is captured by commonly used proxies, according to a major FDIC study...
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ABA Urges IRS to Apply Passthrough Deduction to Charitable Remainder Trusts, Common Trust Funds
In a comment letter today, the American Bankers Association yesterday called on the Internal Revenue Service to specifically address charitable...
CFTC White Paper Calls for Overhaul of Cross-Border Swaps Regulatory Framework
In a white paper published today, Commodity Futures Trading Commission Chairman Christopher Giancarlo called for changes to the CFTC’s regulatory...
ABA Nominates New Board Members
The ABA nominating committee -- chaired by Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents Savings Bank,...
ABA Data Bank: Economic Recovery Leaving De Novo Banks Behind
New bank charters historically mirrored new business startups, but sharply declined after the financial crisis and have not yet recovered.
FinCEN, Agencies Provide CIP Relief for Premium Finance Loans
The Financial Crimes Enforcement Network and the financial regulatory agencies today announced an exemption from the customer identification program rules...
FHLBs’ Affordable Housing Funds Up 8 Percent in 2017
The Federal Home Loan Banks awarded approximately $398.7 million in affordable housing program funds in 2017, an 8 percent increase...
GOP Lawmakers Call for Fed to Drop SIFI Designation for Banks Under $250B in Assets
A group of 29 Republican lawmakers wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles today calling on the...
