Why bankers remain unsold on Fed's Main Street program


Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.


Where OCC bent and where it held firm in final CRA rule


The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen.


Community banks call on Congress to rein in credit union regulator


The Independent Community Bankers of America would not rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.


Fed lifts six-per-month transaction limits on savings accounts


The central bank said customers will be able to make more transfers and withdrawals "at a time when financial events associated with the coronavirus pandemic have made such access more urgent."


Community banks call for AML relief in next coronavirus aid package


A trade group says suspending so-called beneficial owner rules would help financial institutions make more small-business loans through the Paycheck Protection Program.


Emergency loan program could run out of money in early June: Rubio


Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak.


NCUA extends comment period for credit union-bank purchase proposal


The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.


Community banks seek broader exemption from CRA changes


The OCC and FDIC’s proposal for modernizing the community reinvestment law would give banks below $500 million of assets the option to keep the current regime. But bankers and industry representatives say that threshold should be higher.


Virus scare is 'textbook reason' small banks matter, says ICBA chair


Noah Wilcox, a third-generation banker, says community banks are best-positioned to provide stability and capital in underserved markets during uncertain times.


Coronavirus fears dampen mood at community bankers' conference


The outbreak and a free fall of oil and stock prices are rattling bankers at this year's ICBA gathering in Orlando, Fla.