House passes bill giving Fed authority over Volcker Rule
The bill, which also exempts community banks from the trading ban named for former Fed Chairman Paul Volcker, would go a step further than the regulatory relief bill that passed the Senate.
Community banking
Laurel Road finds a novel solution to a uniquely bank problem
Explosive growth in student lending was putting pressure on the capital ratios of the company, formerly Darien Rowayton Bank; a securitization got a big chunk of servicing strips off its books.
Small banks pool their subordinated debt to reassure investors
An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.
By
Glen Fest
Critics of FHLB membership rule aren’t thrilled with prospect of repeal
A bill to allow captive insurance companies to be reinstated as members of the Federal Home Loan Bank System appears to be dividing the FHLB community.
Equipment lending could take off under new tax structure
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.
One community bank’s novel approach to auto lending
Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.
Online lender Funding Circle inks partnership with Kansas bank
Intrust Bank has agreed to purchase $20 million worth of Funding Circle's small-business loans in what could just be the beginning of a long-term relationship.
Dime in N.Y. lowers CRE concentration with multifamily securitization
The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.
Amazon’s grocery expansion a threat to CRE, banks fear
With online retailers beginning to challenge the dominance of brick-and-mortar grocery stores, CRE loans to strip mails anchored by them look riskier.
By
Andy Peters
Flagstar profit off 13% as fee income falls
The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.
PACE loans take a hit on their home turf
Property Assessed Clean Energy loans can no longer be offered in unincorporated areas of Kern County, Calif. The controversial loans, meant to promote energy efficiency, began in California and are now offered in a number of states.
Credit unions cleared to securitize loans, amplifying threat to banks
The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.
