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Bankers questions lending practices of Farm Credit System
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Banking, Consumer Protection, Legislation, Nonbank Financial
Friday, May 20, 2016
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Testifying before the Senate Agriculture, Nutrition and Forestry Committee, members of the American Bankers Association and Independent Community Bankers of America expressed concerns about the expanding Farm Credit System and its potential impact on rural lenders. Both took issue with the System’s nonfarm lending, asking Congress to conduct an examination of its practices. Read on to learn more.
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