The total number of closed-end originations and applications increased substantially between 2019 and 2020, according to a Consumer Financial Protection Bureau report on Home Mortgage Disclosure Act data.
Farm Credit System assets rose to more than $407 billion during the second quarter from nearly $385 billion the same time last year, according to Farm Credit Administration data.
The Financial Crimes Enforcement Network’s interactive Suspicious Activity Report webpage now includes filing trend data by industry through the 2020 calendar year.
The Farm Credit System’s regulator released updated data on its lending to young, beginning, and small farmers as well as a regulatory plan for the next 12 to 24 months.
The Treasury Department and IRS released details of the second round of Advance Child Tax Credit payments and said they are working on a sign-up tool for mobile devices.
The FDIC said ICBA will be among the teams participating in the agency’s “tech sprint” designed to help banks serve unbanked consumers. ICBA will join the Milken Institute and Sunrise Banks on team iLluMInate.
The Department of Housing and Urban Development and the Federal Housing Finance Agency announced an agreement regarding fair housing and fair lending coordination.
The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial institutions.
The Senate voted down an ICBA-advocated amendment that would have barred the IRS from using funds in a pending spending bill to monitor bank customers’ financial transactions.
Small businesses without employees were most successful in obtaining Paycheck Protection Program funding from community banks and were the most satisfied with the support they received during the pandemic compared to large banks and credit unions.
