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ACRE could ease mounting borrowing costs in rural America, lawmakers say

The ACRE Act, proposed by Reps. Randy Feenstra and Wiley Nickel, would amend the IRS code to exempt community banks from taxes on earned interest from agricultural real estate loans.

United statesRandy feenstrar iowaMark scanlanAmerican bankers associationFederal reserveCommunity bankers of americaConsumer financial protection bureauIndependent community bankersRural economy actRandy feenstraWiley nickelFarm credit systemAmerican bankersFarm creditSmall business data collection ruleDodd frank wall street reform

PA360: Regulatory conveyor belt risks overloading industry

The Financial Conduct Authority (FCA) appears to be “making up for lost time” and pushing out a series of consultations in very quick succession, delegates at PA360 heard.

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K Street s Dole alums remember late senator

Mitch Rose, now the top lobbyist for Comcast, remembered that in 1985 when he was a “lowly press assistant,” Dole called him into the office and gave him a $500 raise to buy a winter coat after seeing Rose walking through the snow into the office several times.

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USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers

USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers According to USDA, there are about 14,400 SDA borrowers with about $2.7 billion in debt, as well as another $400-million-plus that is delinquent. More than 80% of the borrowers hold direct loans and account for about 65% of the debt about $2 billion. The rest, guaranteed lenders, have about $1 billion. 5:30 am, Jun. 5, 2021 × U.S. Department of Agriculture s Whitten building. (Agri-Pulse photo) The U.S. Department of Agriculture expects debt relief payments for socially disadvantaged farmers to begin in early June and continue on a rolling basis, but some farmers and lenders are still asking questions about how the new program will work.

United statesMark scanlanTom vilsackDepartment of treasuryOffice of the inspectorCommunity bankers of americaNational rural lenders associationFarm service agency administrator zach ducheneauxLoan programFarm service agencyAmerican bankers associationAmerican rescue planAgriculture secretary tomInspector generalAfrican americanAmerican indian

USDA begins paying out $4 billion to farmers of color, prompting claims of reverse discrimination from White farmers and lawmakers

USDA begins paying out $4 billion to farmers of color, prompting claims of reverse discrimination from White farmers and lawmakers
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