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Monday, May 12th, 2025

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Federal regulators announce new thresholds for mortgage special appraisals

By Dave Kovaleski   |   October 8, 2024   |   Federal

Federal financial regulators set the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements last week. The new threshold will increase from $32,400 to $3...

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New York Fed report examines flood risks in the tristate area

By Dave Kovaleski   |   October 8, 2024   |   Industry

The Federal Reserve Bank of New York released a report this week that nearly one in ten properties in the tristate New York, New Jersey, and Connecticut area are at high risk of flooding. The repo...

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FHLB Dallas, members award $550K in grants to New Mexico-based tribal housing groups

By Kim Riley   |   October 8, 2024   |   Featured

Four New Mexico-based tribal housing organizations received a total of $550,000 in Native American Housing Opportunities (NAHO) Fund grants from the Federal Home Loan Bank of Dallas (FHLB Dallas) and ...

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Expanded 2025 Direct File available to more U.S. taxpayers in more states

By Kim Riley   |   October 7, 2024   |   Federal

More than 30 million taxpayers in 24 participating states will be eligible for Direct File in the 2025 tax filing season, according to the U.S. Department of the Treasury and Internal Revenue Service ...

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Residents in Philadelphia, Delaware region spending more this year: WSFS Bank survey

By Melina Druga   |   October 7, 2024   |   Industry

Residents in the Greater Philadelphia and Delaware region are spending more money this year than saving it, according to a survey conducted by research company Opinium on behalf of WSFS Bank, the prim...

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ICBA comments on trend of credit unions acquiring community banks

By Dave Kovaleski   |   October 7, 2024   |   Industry

The recent acquisition of 1st Bank Yuma by OneAZ Credit Union is the 17th acquisition of a community bank by a credit union this year – a single year record, and the Independent Community Bankers of...

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Sens. Scott, Rounds seek response from Fed on anti-money laundering controls

By Dave Kovaleski   |   October 7, 2024   |   Featured

U.S. Sens. Tim Scott (R-SC) and Mike Rounds (R-SD) are seeking answers from the Federal Reserve Bank of New York on reports about faulty anti-money laundering controls on account relationships with th...

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Iowa lawmaker’s bill to exempt family farms from FAFSA change gains ground

By Kim Riley   |   October 4, 2024   |   Featured

Support is growing for U.S. Sen. Joni Ernst’s (R-IA) bipartisan Family Farm and Small Business Exemption Act, which would restore an exemption for certain family farms and small businesses under the...

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Community bankers cite regulatory burden as top concern in new survey

By Dave Kovaleski   |   October 4, 2024   |   Industry

Regulations are the primary concern of community bankers, according to the 2024 Conference of State Bank Supervisors (CSBS) Annual Community Bank Survey. Community banks, according to the survey, als...

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FDIC survey reveals insights into small business lending practices

By Dave Kovaleski   |   October 4, 2024   |   Featured

The Federal Deposit Insurance Corporation (FDIC) released the 2024 Small Business Lending Survey Report (SBLS) this week, which features insights into small business lending practices. The SBLS gathe...

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Cannabis Banking

  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
  • PGI Global founder charged in crypto fraud scheme
  • SEC Crypto Task Force to hold crypto custody roundtable

Most Read Last 7 Days

  • Lawmakers urge reconsideration of Capital One-Discover merger
  • CFPB says it will not prioritize buy now, pay later enforcement
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Forward Air board under fire from activist investor Ancora
  • Huntington National Bank opens first branch in the Carolinas
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Stephen Luparello named chairman of OCC
  • Legislation would promote competition in mobile app marketplace

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