FDIC Approves Final Rule Simplifying Deposit Insurance for Trust, Mortgage Servicing Accounts
The FDIC today approved a final rule to simplify deposit insurance calculations for revocable trusts, irrevocable trusts and mortgage servicing...
Newsbytes
FFIEC Modernization Project Yields Best-Practice Recommendations
The Federal Financial Institutions Examination Council issued a statement of principles on examination information requests.
ABA Data Bank: ABA Economic Advisory Committee Forecasts Interest Rates to Rise, Inflation to Slow in 2022
The ABA Economic Advisory Committee consensus forecast anticipates softer, though still elevated, inflation in 2022 along with three 25 basis...
ABA, Trade Groups: HMDA Compliance Costs, Burdens Remain High
As the CFPB undertakes its planned assessment of the 2015 Home Mortgage Disclosure Act regulations and related amendments, the American...
Trade Groups: ALI Restatement of Law Could Have Implications for Customer Contracts
The American Bankers Association this week joined a group of other trade associations and companies in a letter to the...
CFPB Signals Intention to Scrutinize Credit Card Fees, Practices
In a new blog post this week, the CFPB said it is “looking to use a long-dormant authority” under Dodd-Frank...
Fed Paper Highlights Risks, Potential Benefits of a U.S. CBDC
The Federal Reserve today issued a highly anticipated report assessing the potential benefits and risks of creating a U.S. central...
Ag Secretary Discusses Farming and Rural Economy During House Hearing
Department of Agriculture Sec. Tom Vilsack testified before the House Agriculture Committee on the state of the rural economy and the...
Existing Home Sales Decline in December
Existing-home sales fell 4.6% in December to a seasonally adjusted annual rate of 6.12 million, according to the National Association...
CDIAC Calls for Framework for Better Collaboration on Cyber Threats
Members of the Federal Reserve’s Community Depository Institution Advisory Council flagged cybersecurity threats—particularly related to ransomware—as a top threat facing...
