Newsbytes

Cordray Previews Regulatory Review

As it kicks off its five-year retrospective review of the Dodd-Frank remittance and mortgage rules, the Consumer Financial Protection Bureau is “sensitive” to the compliance burden of further changes to the rules, CFPB Director Richard Cordray said today.

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ABA Survey: Non-QM Lending Fell in 2016 as Banks Grapple with Reg Burden

An overwhelming 95 percent of bankers agreed that regulation has had a negative impact on business production and consumer credit availability, according to the American Bankers Association’s Real Estate Lending Survey released today during the association’s annual Real Estate Lending Conference in Orlando, Fla.

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GDP Revised Up to 2.1% for Fourth Quarter

Real GDP for the fourth quarter of 2016 grew at a seasonally adjusted annual rate of 2.1%, according to the Bureau of Economic Analysis’s third estimate, up from the second estimate of 1.9%. The general picture of economic growth remains the same. The change in GDP estimates reflected upward revisions to personal consumption expenditures and private inventory investment, partly offset ...

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Boston Fed Chief Calls for Four Rate Hikes in 2017

The Federal Open Market Committee should raise interest rates at every other meeting by default in 2017 unless economic data come in that are inconsistent with forecasts, Federal Reserve Bank of Boston President and CEO Eric Rosengren said today.

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