An expert makes a case for why it would be beneficial for big lenders to consider community banks in their acquisition strategy.
Read More »President Trump: “This is an Important Piece of Legislation”
Watch what the President had to say about The Economic Growth, Regulatory Relief and Consumer Protection Act, passed by the House on Tuesday, becoming a law. The Bill aims at providing relief to small banks and credit unions from certain regulations under the Dodd-Frank Act.
Read More »Bank Lobbyist Urges Senate to Vote on Regulatory Relief
ICBA President and CEO Camden Fine is urging a bipartisan group of 70 senators not to give up in their quest for more regulatory relief for community banks and lenders.
Read More »The True Impact of TRID
When CFPB Director Richard Cordray likened TRID concerns to the Y2K fuss, he missed the fact that the long-term impact of the rule is not yet a foregone conclusion. Editor's note: This select print feature appears in the February 2016 edition of MReport magazine.
Read More »FDIC Issues Interim 18-Month Exam Cycle Rule for Small Banks
In an effort to help community banks and thrifts with their examination timelines, the Federal Deposit Insurance Corp., (FDIC) has approved an interim final rule to allow more established small institutions to qualify for the the 18-month exam cycle.
Read More »The Worst of TRID is Yet to Come for Community Banks
The mortgage industry is still adjusting to the TILA-RESPA Integrated Disclosure rule, and although the dust has seemingly settled community banks are still battling with the regulation.
Read More »St. Louis Fed President Calls for More Regulatory Relief for Community Bankers
Small, community banks require more regulatory relief, especially those that hold mortgage originations, so what can be done to reduce this burden?
Read More »Nearly One-Third of Community Banks Cutting Mortgage Holdings
Out of 884 community bankers currently active in the mortgage space, 31 percent expect their institution's residential mortgage holdings at the end of the year will be less than their level last year, according to findings released by the Federal Reserve and the Conference of State Bank Supervisors. Of those who anticipate reductions in the dollar value of their mortgage holdings, most pointed to increased regulation and compliance costs at the reason.
Read More »FDIC: Fears of Industry Consolidation Unfounded
While small bankers have expressed concerns that increased regulations may hurt profit margins and make them more susceptible to buyouts, data from a new FDIC study argues otherwise. The study looked at bank trends from 1985 to 2013, and found "the recent uptick in the rate of consolidation is attributable to factors that are likely to subside once the effects of the crisis are fully behind us."
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