At long last — and over banks’ protests — CRA reform is afoot
Banking regulators have been debating how to reform the implementing regulations for the Community Reinvestment Act across two presidential administrations. But despite banks’ urging to slow down, regulators are poised to finish the job in early fall.
Menendez pleads not guilty to charges of bribery, fraud and extortion
The New Jersey senator, who is a powerful member of the Banking Committee, is facing calls from fellow Democrats to resign. He was released on Wednesday after posting a $100,000 bond.
Out West, businesses are taking out more loans despite recession fears
Credit unions and banks are lending more to merchants based in the Western U.S., reflecting trends reported in the Umpqua Bank 2023 Business Barometer and running against broader economic pessimism.
Cannabis banking bill passes Senate hurdle despite bipartisan opposition
Sen. Raphael Warnock, D-Ga., was the only Democratic lawmaker to vote against the legislation, while three Republicans voted in favor.