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Farm Credit assets top $407B

Aug 20, 2021 | NewsWatch Today
Farm Credit System assets rose to more than $407 billion during the second quarter from nearly $385 billion the same time last year, according to Farm Credit Administration data.

FinCEN offers SAR trend data

Aug 20, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network’s interactive Suspicious Activity Report webpage now includes filing trend data by industry through the 2020 calendar year.

Farm Credit releases YBS data, new reg agenda

Aug 16, 2021 | NewsWatch Today
The Farm Credit System’s regulator released updated data on its lending to young, beginning, and small farmers as well as a regulatory plan for the next 12 to 24 months.

Treasury plans child tax credit mobile sign-up

Aug 16, 2021 | NewsWatch Today
The Treasury Department and IRS released details of the second round of Advance Child Tax Credit payments and said they are working on a sign-up tool for mobile devices.

ICBA joins FDIC ‘tech sprint’

Aug 13, 2021 | NewsWatch Today
The FDIC said ICBA will be among the teams participating in the agency’s “tech sprint” designed to help banks serve unbanked consumers. ICBA will join the Milken Institute and Sunrise Banks on team iLluMInate.

HUD, FHFA collaborate on fair housing, lending

Aug 13, 2021 | NewsWatch Today
The Department of Housing and Urban Development and the Federal Housing Finance Agency announced an agreement regarding fair housing and fair lending coordination.

Treasury issues guidance on MDI, CDFI program

Aug 13, 2021 | NewsWatch Today
The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial institutions.

Senate blocks amendment to stop IRS monitoring on party-line vote

Aug 11, 2021 | NewsWatch Today
The Senate voted down an ICBA-advocated amendment that would have barred the IRS from using funds in a pending spending bill to monitor bank customers’ financial transactions.

CFPB: Mortgage servicers’ pandemic response varies significantly

Aug 11, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau published a report detailing the mortgage industry’s varied response to the pandemic.

PPP non-employer borrowers most successful with community banks: study

Aug 6, 2021 | NewsWatch Today
Small businesses without employees were most successful in obtaining Paycheck Protection Program funding from community banks and were the most satisfied with the support they received during the pandemic compared to large banks and credit unions.

CFPB updates mortgage servicing small entity compliance guide

Aug 6, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau updated its Mortgage Servicing Small Entity Compliance Guide to include guidance on the 2021 Mortgage Servicing COVID-19 final rule and the 2020 Mortgage Servicing COVID-19 interim final rule.

CFPB interpretive rule re: Juneteenth 2021

Aug 6, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule to address certain time-sensitive borrower protections related to the treatment of June 19, 2021 as a business day or federal holiday.