Lending standards for business and consumer loans tightened during the first quarter of 2023, with weaker demand reported in all loan categories, according to the Federal Reserve’s senior loan officer opinion survey .
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The Consumer Financial Protection Bureau today announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act.
The Consumer Financial Protection Bureau this week announced its intent to make a preemption determination regarding whether the Truth in Lending Act preempts a New York State commercial financing law with respect to certain provisions.
In a new report released today, the Consumer Financial Protection Bureau raised concerns that servicemembers are paying extra in interest each year as a result of not taking advantage of interest rate reductions to which they are entitled under the Servicemembers Civil Relief Act.
The group agreed to grant Ukraine’s request for deferral given the “exceptional circumstances, and acknowledging Ukraine’s exemplary track record of honoring debt service to date.
Financial market stresses do not appear to have exacerbated the negative effects on broader economic activity or created substantial pressure on banks.
“They give you the ability to enter different markets or partner with different companies, providing a funnel for new customers.”
In 2020, local business conditions were top of mind for community bankers. This year, the lingering effect of COVID-19 on local economies has created a new concern: historic levels of deposits and narrow net interest margins.
The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital.