Newsbytes

ABA, Trade Groups Support Proposed CFPB Structural Change

In a joint financial trade association letter to House and Senate Appropriations Committee leadership today, ABA supported the inclusion of language in the fiscal year 2018 spending bill that would transition the Consumer Financial Protection Bureau to a bipartisan, five-member commission.

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Existing-Home Sales Rebounded in May; Median Sales Price at New High

Existing-home sales increased 1.1% to a seasonally adjusted annual rate of 5.62 million in May, according to the National Association of Realtors (NAR). Sales are 2.7% above a year ago and the third highest pace over the last year. “The job market in most of the country is healthy, and the recent downward trend in mortgage rates continues to keep ...

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ABA Seeks Pause on Basel Transition Period

The American Bankers Association today wrote to the heads of the federal regulatory agencies requesting that regulators pause the Basel III transition period until projected amendments to the risk-based capital standards can be promulgated.

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