Finance Mind-sets

[Finance]

A diverse group of residents who started it hope to make affordable housing a reality. The Binghamton community was the perfect place for recent college graduate Magaly Cruz. “I love this neighborhood. I was active in the community,” said Cruz. But after seven years of calling Binghampton home, Cruz moved out two months ago. “I can’t afford it, so I used to rent. I rented for seven years and the dream was to be a homeowner,” said Cruz. Binghampton is located on the edge of Midtown and has seen a sudden housing boom in recent years. New apartment complexes and homes are being built and the prices are sky-rocketing especially in West Binghampton. Homes there are selling for 300 to 400,000 dollars. That’s why two years ago a group of residents, including Cruz and community stakeholders, got together to start the Binghampton Community Land Trust.

https://www.wmcactionnews5.com/2020/11/25/construction-scheduled-start-memphis-first-community-land-trust-home/

[Education]

To print this article, all you need is to be registered or login on Mondaq.com. The FDIC proposed a rule "to amend the risk-based depositinsurance assessment system applicable to all large insureddepository institutions." The FDIC proposed amendments would reduce the cost impact of the currentexpected credit losses ("CECL") methodology-relatedcapital transition provisions on temporary deposit insuranceassessments. Under the proposal, the FDIC would eliminate a double-countingissue that arises with respect to a number of financial measuresthat are used to ascertain deposit insurance assessments for largeand complex banks. Specifically, the proposal would amend therisk-based deposit insurance assessments by removing the doublecounting of certain CECL transitional amounts in some financialmeasures. This would address the fact that some deposit insuranceassessment rates for large and highly complex banks do notaccurately reflect such banks' risks to the FDIC's depositinsurance fund because certain CECL transitional amounts areincluded in the summation of both Tier sneak a peek at these guys 1 capital and reserves(which already include the implementation of CECL). The proposalwould also recalibrate the calculation of the loss severitymeasures to address double-counting issues therein with respect toCECL transitional amounts. The proposal is limited to the deposit insurance system asapplied to large and highly complex banks. It would not impact theregulatory capital requirements or the regulatory capital reliefthat has allowed banking organizations to incrementally implementthe CECL transition regarding regulatory capital. This means,specifically, that the FDIC would "continue to apply the CECLregulatory capital transition provisions, with the regulatorycapital relief provided to address concerns that .

https://www.mondaq.com/unitedstates/financial-services/1009794/fdic-proposes-amendments-to-assessment-regulations-on-deposit-insurance