Washington DC

Accountants cite banker burnout in calling for delay of new standard


The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.


Will fee fight cause another SBA shutdown?


Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.


Is credit union regulator's field-of-membership appeal already in trouble?


Last-minute arguments from the American Bankers Association have put the National Credit Union Administration on the back foot in advance of an appeal hearing more than a year in the works.


SBA's rationale for raising fees: More loans will go bad


Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.


Ronald Paul retires as Eagle Bancorp CEO, citing health issue


Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution.


SBA renews push to raise caps for Express program


The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.


What community banks like so much about Northern Va.


Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.


Upset SBA borrowers take their beef to Capitol Hill


If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.


S Corp banks finally get clarity on tax reform


Shareholders in Subchapter S corporations will get some tax relief of their own under a new Treasury Department rule that will let them take a 20% deduction on qualified business income, which includes loan originations and sales.


Industry group urges reopening of SBA, citing impact of shutdown


The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.