FDIC

Banks get big capital break for small business loans amid crisis

04/09/20

The Federal Reserve and other regulators are planning to grant a sweeping capital break for banks providing loans to small businesses as part of the government's response to the coronavirus-fueled economic crisis.

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This is no time for CRA reform

04/08/20

Community advocates would like to see changes to the 1977 Community Reinvestment Act, but say regulators should suspend such efforts until the coronavirus pandemic has passed.

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Regulators 'full steam ahead' on CRA reform despite coronavirus pandemic

04/08/20

Lenders and community groups say it's a mistake for the banking agencies to move forward during a national crisis. But Comptroller of the Currency Joseph Otting says updated Community Reinvestment Act rules would speed relief to neighborhoods and small businesses.

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Bankers hope reg relief doesn’t end when coronavirus does

04/07/20

Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.

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Out-of-market deposits helping small banks meet surge in loan requests

04/07/20

Firms that spread big-dollar deposits to community banks have seen a rush in demand as small businesses seek emergency loans to weather the coronavirus pandemic.

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Billions idled at banks after regulators balk at following Fed

04/07/20

The OCC and FDIC are holding off on easing debt limits in response to the coronavirus pandemic, leaving billions of dollars locked up at banking subsidiaries that could be used for lending amid the deepening economic crisis.

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Regulators expand capital relief for community banks

04/06/20

After Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard.

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West Virginia bank is first to fail since onset of coronavirus

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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Bank in West Virginia is closed by regulators

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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Bank in West Virginia is closed by regulators

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

[more]