CFPB Sets Up ABA-Advocated Rural Designation Appeal Process
The Consumer Financial Protection Bureau today issued a final rule establishing a process by which a businesses and individuals can appeal the bureau’s designation of a rural area.
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ABA, Associations Urge Congress to Protect Crop Insurance
In a joint letter yesterday, ABA and several farming industry groups called on congressional budget committees to protect crop insurance as they develop budget proposals for fiscal year 2017, urging them not to reopen the 2014 Farm Bill in their efforts to reduce the national deficit.
Comments Invited on Rural Area Designation Application Proposal
The Consumer Financial Protection Bureau today invited comments on new agency procedures by which businesses can appeal the CFPB’s designation of a rural or underserved area.
CFPB Tool Helps Creditors Locate Properties in Rural Areas
The CFPB today released a new online tool to help creditors determine if properties are located in rural or underserved areas.
Final Highway Bill Includes Modified Fed Dividend Cut
A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.
ABA Member Testifies on Rural Bank Challenges
ABA member Roger Porch, VP at First National Bank in Philip, S.D., testified before the Senate Banking Committee yesterday on challenges facing rural banks.
Senate Vote Expected This Week on ABA-Backed Cyber Bill
The Senate is scheduled to vote this week on the Cybersecurity Information Sharing Act (S.754), an ABA-supported bill that would strengthen the ability of the public and private sectors to share critical cyber threat information without compromising customer privacy.
CFPB Finalizes Relief for Small, Rural Mortgage Lenders
The Consumer Financial Protection Bureau today finalized several changes — many advocated by ABA — that will increase the number of banks able to benefit from the bureau’s small creditor and rural or underserved area exemptions in its mortgage rules.
ABA Hosts Meeting to Address Rural Appraiser Shortage
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.
Investing in Strong Rural Communities
The right mix of resources, critical partnerships and creative thinking can spur economic revival in financially battered rural areas.