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There is a constant barrage of federal regulations that affect the lives of all Americans. As Congress continues to delegate significant power to federal agencies, this barrage will not abate anytime soon. Even for regulatory experts, keeping track of important regulations is a major challenge.
Five Star Bancorp , the holding company for Five Star Bank, today reported net income of $11.0 million for the quarter ended September 30, 2021, compared to $9.8 million during the quarter ended June... | October 26, 2021
Ginnie Mae is allowing lenders to securitize modified home loans with this extended term as the Biden administration works to make more housing options available for struggling borrowers.
To embed, copy and paste the code into your website or blog: Rescission of Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic. The CFPB issued a Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic (March 26, 2020). That statement is rescinded as of April 1, 2020, and in the rescission document, the CFPB announces its intent to exercise its supervisory and enforcement authority consistent with the Dodd-Frank Act and with the full authority afforded by Congress consistent with the Bureau’s statutory purpose and objectives. The rescissi...
266 The CARES Act was recently amended to include $3.5 billion of extended debt relief payments for SBA borrowers. The program will initially provide for 3 payments of principal and interest to a maximum of $9,000 per month under various criteria and then an additional 5 payments for borrowers considered “underserved” as defined in the amended legislation. Credit Quality and Performance At December 31, 2020, NPAs declined by $1.9 million, or (20%), to $7.9 million, compared to $9.8 million at December 31, 2019, and decreased by $2.4 million, or (23%) from $10.3 million at September 30, ...