Washington DC

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

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

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

Trade associations hail move that would push back implementation of risk-based capital rule to 2021.

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

Groups representing banks, credit unions, the housing industry and others argue in favor of a bill requiring the CFPB to issue timely guidance on its rules.

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

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

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.

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

The most common credit union mergers involve a small credit union being acquired by a much larger one, but that could be changing, as three recent deals involving credit unions with more than $300 million in assets as the ones being merged out.

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

The two major national credit union trade associations have sent recommendations for improving the Consumer Financial Protection Bureau’s enforcement processes.

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 stay independent.

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

CUNA and NAFCU have both submitted letters requesting civil investigative demands from the bureau be more specific as to the conduct under investigation.

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.

Both national credit union trade associations submitted letters in advance of CFPB acting director Mick Mulvaney's House Financial Services Committee hearing.

Credit unions will know soon how much regulatory relief they might see from Congress and the Consumer Financial Protection Bureau.

Congress has left Washington for a two-week recess, and credit union leaders are being urged to make their case for reg relief while legislators are back at home.