Recent banking news
A Sageworks roundup of recent banking industry news you might have missed: Ethnic banks struggle; Community banks look for exemptions on new regulations; Reducing regulatory risk following a bank merger.
Trouble for ethnic-focused banks?
Community banks serving ethnic niches and minority-owned banks are facing unique struggles related to the recent economic crisis, and some experts fear new rules tied to the Dodd-Frank financial reforms will generate added pressures, according to an article in The (North Jersey) Record.
Several institutions that serve ethnic populations who might not otherwise be able to get loans have been under stress, the newspaper said.
Read the article here.
Community banks seek help on new CFPB rules
The Independent Community Bankers of America are working to secure exemptions from two upcoming mortgage regulations, according to Bloomberg Businessweek.
In an article posted Aug. 2, the media outlet said community bankers have lobbied the Consumer Financial Protection Bureau for an exemption to certain aspects of a new agency rule on mortgage disclosures and some leeway on another rule related to underwriting standards.
Read the article here.
Combining regulatory risk efforts after a merger
The changing regulatory picture can pose some challenges for banks involved in mergers and acquisitions, according to a recent article by Smart Business Dallas. Dickie Heathcott, partner at public accounting and consulting firm Crowe Horwath LLP, described steps banks can take to reduce regulatory risk in the wake of deals.
Read the article here.
For more information on the evolving world of mergers and acquisitions, download the whitepaper, Will M&A continue?
