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CFPB: Manufactured housing borrowers have higher interest rates

CFPB: Manufactured housing borrowers have higher interest rates Roughly 42 percent of loans for manufactured homes are secured by “chattel” loans secured by the home but not the land, according to...

May 28, 2021
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Article
Compliance

ICBA, Minority Bank Council: Housing Finance Amendments Hurt Low-Income, Minority Borrowers

ICBA, Minority Bank Council: Housing Finance Amendments Hurt Low-Income, Minority Borrowers ICBA and its Minority Bank Advisory Council urged the Treasury Department and Federal Housing Finance...

May 27, 2021
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Article
Minority Owned Depository Institutions (MDI) Housing Finance/GSEs

ICBA urges House to oppose ‘true lender’ repeal

ICBA urges House to oppose ‘true lender’ repeal ICBA and other groups today are urging House members to oppose a Senate-passed resolution to repeal the OCC’s “true lender” rule. ICBA and other...

May 25, 2021
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Article
Lending

FS-ISAC Coronavirus Update, May 24, 2021

FS-ISAC Coronavirus Update, May 24, 2021 A new study conducted between April and May led by Public Health England has found that two doses of either the Pfizer-BioNTech or AstraZeneca-University of...

May 24, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

GAO urges agency collaboration re: alternative data use

GAO urges agency collaboration re: alternative data use The Government Accountability Office reissued its recommendation to the FDIC for enhanced collaboration with other financial regulators...

Jun 02, 2021
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Article
Regulatory Relief

ICBA, Independent Banker Spotlights Community Bank Emerging Leaders in Annual 40 under 40 List

ICBA, Independent Banker Spotlights Community Bank Emerging Leaders in Annual 40 under 40 List Independent Banker magazine, the award-winning monthly publication of the Independent Community...

Jun 01, 2021
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Article

PPP funding exhausted as loan application deadline passes

PPP funding exhausted as loan application deadline passes The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was...

Jun 01, 2021
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Article
Crisis Preparedness Lending

Fed proposes changes to intraday credit policy

Fed proposes changes to intraday credit policy The Federal Reserve Board requested public comment on proposed changes to its policy governing the provision of intraday credit, or daylight...

Jun 01, 2021
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Article
Federal Reserve