Browsing: Policy

Newsbytes

In an op-ed today, Colorado Bankers Association CEO Don Childears called a recent decision by the Colorado State Banking Board to deny the sale of a community bank to a credit union “good public policy,” noting that such a sale would have removed a taxpaying institution from the state tax rolls.

Newsbytes

The four bipartisan lead sponsors of the SAFE Banking Act—passed by the House last fall—yesterday wrote to Senate Banking Chairman Mike Crapo (R-Ohio) cautioning him not to limit the bill’s safe harbor for financial institutions that choose to serve legitimate cannabis businesses in states where it is legal.

Newsbytes

During a House Financial Services subcommittee hearing today, lawmakers on both sides of the aisle expressed serious concerns about the economic effects of the Financial Accounting Standards Board’s current expected credit loss standard on the cost and availability of credit for consumers.

Mortgage

Building on previous warnings about risks associated with home retrofitting loans financed through tax assessments, the Federal Housing Finance Agency is requesting public input on additional steps to deal with the “continued threat” that these loans pose to homeowners and the housing finance system.

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