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Top News In சமூக வங்கியாளர்கள் ஆஃப் அமெரிக்கா Today - Breaking & Trending Today

GOP senator wants to cut deal on GSE reform. Will Democrats listen?

GOP senator wants to cut deal on GSE reform. Will Democrats listen?
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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The Paycheck Protection Program Closes to New Applications

The Small Business Administration must still manage outstanding PPP issues, while continuing to administer other pandemic programs. ....

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Credit union's deal for tiny thrift has mutual bank advocates on edge

Credit union's deal for tiny thrift has mutual bank advocates on edge
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Iowa credit union proposes buying Illinois, Nebraska banks

Dive Brief:
North Liberty, Iowa-based GreenState Credit Union is buying two banks Oak Brook, Illinois-based Oxford Bank & Trust and Omaha-based Premier Bank, the credit union announced Tuesday.
The deals, each expected to close by the fourth quarter of 2021 pending regulatory approval mark the third and fourth banks to be bought by a credit union this year.
Credit union purchases of banks typically draw objections from trade groups such as the Independent Community Bankers of America (ICBA), which argues credit unions’ tax-exempt status allows them to offer a higher purchase price for acquisitions than banks can, and lets them grow more freely. ....

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Banks say 'socially disadvantaged farmer' payments harm business

At least two lawsuits have been filed to stop government giveaway program based on race
Suggested Event
Jun 15, 2021 to Jun 17, 2021
Not only does USDA Secretary Tom Vilsack face lawsuits involving the USDA program to compensate socially disadvantaged farmers and ranchers, he now has the commercial banking industry and 52,000 bank locations criticizing him.
On April 9, 2021, the American Bankers Association, Independent Community Bankers of America, and National Rural Lenders Association wrote Secretary Vilsack a letter claiming, “The sudden abrupt payoff of any category of guaranteed loans could have adverse consequences…”
USDA payments for disadvantaged farmers
Section 1005 of the American Rescue Plan Act (ARPA) relates to Socially Disadvantaged farmers and ranchers. This provision declares that if you had a loan as of January 1, 2021, it will be paid off. ....

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