4 Min ReadCommunity 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.
5 Min ReadMeasures 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.
3 Min ReadThe government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.
1 Min ReadThe central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.
3 Min ReadLenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet.
1 Min ReadThe regulation established standards for investors who own less than a quarter of an institution. Banks are getting more time for implementation as they focus on effects of the COVID-19 pandemic.
1 Min ReadRegulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022.
4 Min ReadMany banks are offering low-interest loans to help consumers and small businesses withstand the economic shocks of the pandemic. Some are also doing away with ATM, overdraft and late fees because, as one CEO put it, that revenue “is not the most important thing right now.”
4 Min ReadBanks and credit unions should make it their top priority to pair with the central bank in distributing financial relief to small businesses, even if that means putting everything else on hold.
6 Min ReadAs companies move work off-site because of the pandemic, a host of issues have arisen around remote access, network monitoring and cybersecurity.
1 Min ReadThe central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April.
4 Min ReadThe COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.
3 Min ReadThe coronavirus is changing how consumers interact in branches and banking online. Bank leaders should be prepared.
2 Min ReadFirst Horizon, Pacific Premier and South State are warning in regulatory filings that the pandemic could complicate deals that have not been completed.
5 Min ReadMany institutions said they would close branches, operate drive-throughs only, limit lobby visits to appointments or take other protective steps. Yet others want to stay open to promote public confidence in the banking system.
5 Min ReadLenders are rallying around a bill from Sen. Rubio that would give them access to another $50 billion under the 7(a) program. It could face obstacles in the House, where a bill favors direct lending by the Small Business Administration.
3 Min ReadCoronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.
5 Min ReadNo-interest loans and overdraft forgiveness are among the lifelines banks are offering to consumers and small businesses whose livelihoods are being upended by the economic fallout.
6 Min ReadNoah Wilcox, a fourth-generation banker, says community banks are well positioned to provide stability and capital in underserved markets during uncertain times.
3 Min ReadThe outbreak and a free fall of oil and stock prices are rattling bankers at this year's ICBA gathering in Orlando, Fla.
