Six months ago (JRN 39:42) we warned that commercial loans were spooking some banks and noted that, if the Federal Reserve decided to boost the Fed Funds another 75 basis points at its November 2nd meeting, things were going to…
More Banks Selling to C.U.s than Ever Before
Last May (JRN 39:20), we reported that regulators were becoming more critical of CU-bank acquisitions. At least one such deal was cancelled in 2022 as a result. 4-Star Vystar CU, Jacksonville, Florida, unable to get any state or federal regulator…
CRA Reform, for Better or Worse
When looking at modernizing/improving the Community Reinvestment Act of 1977 (CRA), regulators need to take a look back to the past to see how we got to where we are. This look backward, while disconcerting, is not that difficult. Redlining…