Rachel Witkowski is a community banking reporter at American Banker. She focuses on banks under $20 billion in assets specializing in the Southeast and California. Prior to American Banker, Rachel worked at the Jacksonville Business Journal covering banks, insurance services and public companies in Northeast Florida. During her four years at the JBJ, Rachel was recognized by several trade associations for articles related to Florida�s financial industry downfall and the hurricane insurance crisis after 2006.
The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from its qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's director.
Trustmark's company's earnings rose 2% from the second quarter and 9.5% from a year earlier, to $29.9 million. The Jackson, Miss., company said in a press release late Tuesday that higher revenue from insurance commissions.