News Topic: Washington DC

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications. ... Read full article

While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers. ... Read full article

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina. ... Read full article

VisionBank is the second de novo effort that would focus on the nation's capital. ... Read full article

Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought. ... Read full article

The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law. ... Read full article

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions. ... Read full article

Total loans at Old Dominion National Bank have tripled since 2016. ... Read full article

Bigger credit unions present a formidable challenge for banks in areas such as business lending. ... Read full article

Rebeca Romero Rainey, who has been on the job for less than a week, has already slammed postal banking and pressed for more regulatory relief. In a Q&A, she discusses her plans to foster innovation, tackle succession issues and encourage more banks to ... Read full article

Christopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017. ... Read full article

On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions. ... Read full article

Marathon International Bank would target the Ethiopian community with specific advertising and educational programs. ... Read full article

Lower East Side People's Federal Credit Union's case against the appointment of Mick Mulvaney as head of the CFPB turns on whether it has standing to sue. ... Read full article

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships. ... Read full article

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan. ... Read full article

The Maryland company agreed to pay $489 million in stock in a deal that is expected to close in the fourth quarter. ... Read full article