John Reosti is a reporter covering community banks in particular and the financial services industry in general. He also focuses on the Small Business Administration, the National Credit Union Administration Board and issues connected to the CECL accounting standard.
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The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.
By John ReostiOctober 24 -
Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.
By John ReostiOctober 20 -
Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.
By John ReostiSeptember 27 -
The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.
By John ReostiSeptember 17 -
The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike.
By John ReostiJuly 30 -
As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.
By John ReostiJuly 18 -
The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.
By John ReostiJuly 18 -
The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.
By John ReostiJuly 17 -
Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms.
By John ReostiJune 14 -
Freedom Northwest in Idaho hopes a proposal from the NCUA will help it bring in more deposits to fund a fast-growing mortgage business. Banks are crying foul.
By John ReostiJune 7