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Perspectives

CRA at 40

Regulators want to catch up with technology.

By Bill, Editor-in-Chief

At age 40 and counting, is the Community Reinvestment Act seeming a bit long in the tooth? Some think so, and a case is being made — by people who can get it done — for an update that reflects the impact of evolving technology on banking services since the most recent effort to resuscitate the regulations in 1995.

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De Novo Trend Gathers Steam

Investors and veteran bankers see opportunity knocking.

By Bill Poquette

Maybe this doesn’t qualify as a ”flurry” of activity, but at least a baker’s dozen of de novo banks are currently in various stages of organization or approval. This is more than at any time since the great recession. And three new banks have opened since Jan. 1: Beacon Bank, Charleston, S.C., Jan. 8; Endeavor Bank, San Diego, Jan. 22; and Infinity Bank, Santa Ana, Calif., Feb. 2.

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Some Pressure on Credit Unions?

A U.S. senator asks NCUA chairman embarrassing questions.

By Bill Poquette, Editor-in-Chief

Bankers were disappointed that the Tax Cuts and Jobs Act of 2017 passed in late December last year failed to address credit union taxation. Yet, there may have been some comfort in an encouraging confluence of events over the next 60 days.

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Reader Response to ‘Perspectives’ Column

Shannon Damron of Tri-County Trust Company in Glasgow, Mo., wrote to share her thoughts on the latest Perspectives column from the March 2018 BankNews.

Reader feedback is always appreciated, and we hope to hear from more of you in the future.

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Crime and Punishment

Will Wells Fargo and U.S. Bank sanctions deter others?

By Bill Poquette

Wells Fargo, the nation’s second-largest bank, was pummeled two years ago with more than $400 million in regulatory fines and restitution for opening millions of bogus accounts and repossessing the cars of military borrowers for auto insurance payments wrongfully billed by the bank. Not to mention lots of bad press.

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