Coronavirus

The Senate may not flip but Banking Committee is poised for shake-up

11/16/20

If the GOP can hold its majority in the chamber, Sen. Pat Toomey, R-Pa., will likely become the panel's chairman. His ardent support for free-market principles could set up partisan clashes with Democrats over pandemic relief, money laundering rules and more.

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FHA's capital buoyed by house price appreciation despite higher defaults

11/13/20

The Federal Housing Administration said in its annual actuarial report that capital reserve ratio on its mutual mortgage insurance fund increased to 6.10% in fiscal year 2020, up from 4.84% a year earlier.

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Life got worse for the have-nots this year. Banks can help change that.

11/13/20

Consumer savings are up, yet so are evictions. Banks need to reach out more to those who are struggling financially, and they could use data as a guide.

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Lower loan balances sticking around for a while, bankers say

11/12/20

Lending opportunities have become scarce, especially with commercial borrowers, and banks are resisting the temptation to relax standards to boost volume.

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GOP senators push regulatory relief for PPP banks

11/10/20

Regulators were receptive to Republican lawmakers' calls to ease burdens on banks that cross new asset thresholds as a result of their participation in the Paycheck Protection Program.

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Community banks poised to resume stock buybacks

11/10/20

Many small banks are reactivating repurchase programs, signaling that capital levels remain strong and credit issues are under control.

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Nonbank sector needs reform to combat risk to financial stability: Fed

11/09/20

Temporary policy responses have mitigated problems in the short-term funding markets related to the pandemic, but permanent fixes may be necessary in some areas, the agency said in a report.

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Banks tighten standards on consumer, commercial loans

11/09/20

Demand trends were mixed in the third quarter, with consumers showing more willingness than businesses to take on new debt, according to the Fed’s most recent survey on bank lending practices.

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With Biden declared winner, what’s next for credit unions?

11/07/20

With a Democrat set to take the White House in January, the political balance at NCUA could shift amid changes for the CFPB and housing reform, and progressive banking ideas that were unthinkable over the past four years could gain traction.

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With Biden declared winner, what’s next for banks?

11/07/20

With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, housing finance reform could be turned on its head and progressive banking ideas that were unthinkable over the past four years could gain traction.

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