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Banking News
ABA Report: Ag Lending Growth Tops 5 Percent in 2018 (4/24/2019) 
The nation’s farm banks increased agricultural lending by 5.3%, or $5.5 billion, to $108 billion in 2018, according to the ABA’s annual Farm Bank Performance Report.
 
CFPB Pledges More Transparency in Civil Investigative Demands (4/24/2019) 
The Consumer Financial Protection Bureau yesterday announced that it will change its policy on civil investigative demands to improve transparency.
 
Report: Less Than Half of Long-Term Commercial Credit Renewals Repriced (4/23/2019) 
About 57% of banks' commercial credit renewals for terms of three years or longer are being rolled over at existing prices rather than being repriced.
 
Rate Transition Panel Releases User’s Guide to SOFR (4/23/2019) 
The Alternative Reference Rates Committee issued “A User’s Guide to SOFR,” a handbook to help market participants understand the Secured Overnight Financing Rate.
 
Fed’s Bowman: Compliance Concerns Hindering Community Bank Innovation (4/12/2019) 
Federal Reserve Governor Michelle Bowman expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach to innovation.
 
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