Florida’s Sanchez: ‘Corporate Welfare’ for Credit Unions Must End
Congress cannot proclaim its support for community banks while allowing tax-subsidized credit unions to continue growing and competing against banks...
Tax and Accounting
ABA-Backed Bill Would Level Playing Field for Banks on Farm Real Estate Loans
Rep. Steve Watkins (R-Kan.) today introduced the Enhancing Credit Opportunities for Rural America Act (H.R. 1872), which would end taxation...
IRS Issues Proposed Regulations on BOLI Transfers
The Internal Revenue Service and the Treasury Department has issued proposed regulations related to new reporting rules for certain transfers...
Lands of Opportunity
How a new tax incentive could drive commercial lending in rural communities.
Podcast: Where Banks Are on CECL, and Where They Need to Be
With the Current Expected Credit Loss standard for loan loss accounting coming into effect for many banks -- and the...
Luetkemeyer Warns of CECL’s Negative Consequences for Consumers, Community Banks
Rep. Blaine Luetkemeyer (R-Mo.) today warned of the negative consequences that the Financial Accounting Standards Board’s current expected credit loss...
As CECL Looms, Prepare for Board Discussions
Loan committees and chairs should be positioned to play a role to facilitate discussions about the new loan loss accounting...
Arkansas Op-Eds Oppose Public Deposits in Credit Unions
With the Arkansas legislature considering a bill that would allow state and municipal entities to deposit public funds in credit...
Fed to Watch CECL Implementation ‘Very Carefully,’ Chairman Says
As banks prepare to implement the Financial Accounting Standards Board’s current expected credit loss standard, Federal Reserve Board Chairman Jerome...
Luetkemeyer Seeks Information on CECL’s Effect on GSEs
Rep. Blaine Luetkemeyer (R-Mo.) today wrote to Federal Housing Finance Agency Acting Director Joseph Otting today requesting information on how...
