Compromise plan guides banks and minorities reforms
Federal regulators approve a plan to expand loans to minority and low income communities while easing bank paperwork. Clinton officials praise the compromise as a balanced step, with hearings planned and mixed reactions from Republicans, banks, and industry groups. The overhaul reshapes CRA criteria to three broad categories, removes race and gender lending lists for small borrowers, and uses census data for area based assessments. The plan targets July 1997 full effect with streamlined exams for smaller banks.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Congress
Federal Reserve
Office of Comptroller of the Currency
Office of Thrift Supervision
Federal Deposit Insurance Corp
Fies
The
Governor emphasizes economy and cooperation at builders event
Maryland Governor Parris Glendening urged a pro business climate, citing the General Assembly’s work and his aims to boost education, grow business, and cut crime. At a Maryland Builders Association dinner, he defended a cooperative approach while noting five of six builder-focused bills passed.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Parris Glendening
General Assembly
Maryland Builders Association
Center Club
Glendening
Earl Arminger
Builders brief state housing bills and programs noted
Steve Oder of the Frederick County Builders Association and Rich Thometz of the Suburban Maryland Building Industry Association briefed on General Assembly bills affecting builders. Oder praised a governor program for reviewing new laws for economic and building impact before enactment.
MENTIONED IN THIS ARTICLE
Steve Oder
Frederick County
Tion
Rich Thometz
Maryland Building Industry Association
General Assembly
Oder
Ryland Group to speed cost cuts amid slow home market
Ryland Group Inc plans intensified cost cutting to offset weak home sales, focusing on purchasing and overhead. Chairman R. Chad Dreier said layoffs avoided this year after cutting 100 jobs previously, as March homebuilding data hit a two year low. Noland Co reported March sales of 418 million, up 11.8 percent, and first quarter sales of 117 million, up 15 percent.
MENTIONED IN THIS ARTICLE
Lowe’s Companies Inc
Columbia
Ryland Group Inc
R. Chad Dreier
Ryland
U.S Commerce Department
Dreher
Noland Co
Also Mentioned on This Page
Marge Roukema
R-N.j
House Banking Financial Institutions Subcommittee
Eugene Ludwig
Alan Blinder
Blinder
Fed
John LaWare
Susan Phillips
American Bankers Association
Donald Ogilvie
America
Lowe's
Ed Waters Jr
Bev Shelton
Frederick County Builders Association
Gail Davis
Universal Title Co
Maryland Builders
Heraes
Theodore Roosevelt
Mid-Atlantic
Clark Turner
Legg Mason Realty Group
Tom Bozzuto
Essroc
Dave Kernik
al Umbrello
Leaven Gordon
UPW
Noland
Vedia
Frederick
Federal [Credit Union
Fcnb Banx
Apee
Antietam
FSK Mall
Fcnb Bank
Breders
Montgon
Damascus
Middletown
Airy Rosemont Rt
Walkersville
Scottsdale Securities, Inc
Discount Stock Brokers
Rockville
SIPC
Scottsdale
Waterhouse
Memil Lynch
Tier Tyea
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