FDIC Industry Lending Taxes 
CFPB Monitor
SEPTEMBER 2, 2016
The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.
CFPB Monitor
SEPTEMBER 2, 2016
The request was made in a letter to the CFPB, the Fed, the FDIC, the OCC, and the NCUA (Agencies). The DoD consulted with the CFPB in developing the final rule, and the CFPB actively supported the DoD’s plans to expand MLA coverage.
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Jeff For Banks
JUNE 2, 2023
//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. The old borrow short, lend long strategy. Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2
Jeff For Banks
OCTOBER 15, 2021
Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. I made a funny.
Abrigo
JANUARY 29, 2020
Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. Learn More.
Independent Banker
AUGUST 26, 2015
Legally and operationally, digital John Hancocks come of age in lending. Electronic signatures “absolutely” have helped PrivatePlus Mortgage expand its residential mortgage lending reach nationwide, says Lia Webster. Some vendors support electronic signatures for requesting tax return transcripts, Webster adds. Fewer errors.
PYMNTS
JANUARY 30, 2018
This is one of the lowest qualifiers in the industry — and a great value.”. They also questioned the move in light of the lift BoA received from last month’s federal legislation, which slashed taxes for corporations. Customers can also keep a daily balance of $1,500 to avoid fees.
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