Newsbytes

CFPB Proposal Would Harmonize Reg B and C Compliance

The Consumer Financial Protection Bureau issued a proposal on Friday to provide flexibility for lenders around the collection of applicants' demographic data under the Home Mortgage Disclosure Act (Regulation C) and the Equal Credit Opportunity Act (Regulation B).

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Fed Releases Audited Financial Statements

The Federal Reserve today released financial statements -- independently audited by KPMG -- for the combined system, including the 12 Federal Reserve Banks, the Board of Governors and the company created to facilitate the 2008 rescue of Bear Stearns.

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Regulators Clear Living Wills for Regional, Card Banks

The FDIC and Federal Reserve announced today that they had reviewed resolution plans submitted in December 2015 by 16 regional and credit card banks and that none were found "not credible" or inadequate to facilitate an orderly resolution under the Bankruptcy Code.

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Durable Goods Orders Increased in February

New orders for manufactured durable goods increased 1.7% in February to $235.4 billion, following a 2.3% January increase, according to the U.S. Census Bureau. New orders excluding defense rose 2.1% on the month, as orders of nondefense capital goods increased 4.1% to $72.9 billion. Shipments of manufactured durable goods increased 0.3% to $239.2 billion. Inventories of manufactured durable goods rose ...

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Delinquent GSE Mortgages Fall to Lowest Level Since 2008

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell in the fourth quarter of 2016 to the lowest level since 2008, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

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OCC: Trading Revenue Jumps Year-on-Year

Commercial banks reported total trading revenue of $6 billion in the final quarter of 2016, down 6.8 percent from the third quarter but up 40 percent from the fourth quarter of 2015, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.

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