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Farm foreclosures rise as trade war drags on


Banks are taking back more farmland through foreclosure than at any point in the past three years as low crop prices, epic flooding and the Trump administration’s trade spat with China have left many farmers struggling to pay their debts.


Mortgage servicer AmeriNat refiles for industrial bank charter


The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending.


Anticipating recession, banks start scrubbing loan books


It’s hard to time the next economic slowdown. But lenders, many with lingering memories of the financial crisis, are taking steps now to limit exposure in commercial real estate, construction and other loan segments.


FCC robocall ruling a setback for banks, debt collectors


The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.


10 years after resurrection, BankUnited eyes Atlanta, servicing exit


The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.


Jesse Jackson wants banks to take a stand on how fines are used


Civil rights activist Jesse Jackson is pushing a proposal that the billions banks have paid in fines be given to Americans who lost homes or suffered in other ways during the financial crisis.


Preferred Bank to take 1Q hit on foreclosed Manhattan condos


The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value.


M&T Bank buys large MSR portfolio


The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.


Consumer lenders could feel most pain from CECL


Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.


Challenge of CFPB falls short as Supreme Court passes on case


The U.S. Supreme Court turned away a broad challenge to the structure of the Consumer Financial Protection Bureau, the agency that Republicans say has stifled economic growth through over-regulation.