Policy

FHA to Cut Mortgage Insurance Premiums Again

For the second straight year, the Department of Housing and Urban Development will cut the mortgage insurance premiums paid by borrowers with new Federal Housing Administration-insured mortgages and refinances.

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Fed to Evaluate Large Bank ‘Living Wills,’ Fintech in 2017

Speaking at a legal event in Washington, D.C., today, Federal Reserve General Counsel Scott Alvarez outlined several issues the agency will focus on in 2017, including certain regulatory relief measures and the entrance of nonbank fintech companies into the Federal Reserve System.

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OCC Focusing on Sales Oversight at Large Banks

In the wake of the scandal over fake accounts created at Wells Fargo, the OCC has added a strong emphasis on governance of sales practices to its risk supervision for large banks, according to the agency’s Semiannual Risk Perspective released today.

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ABA, Farm Group Efforts Result in FSA Funding Extension

ABA and several farming and financial groups wrote to the congressional appropriations committees today urging them to ensure the Farm Service Agency has sufficient funding to meet agricultural credit needs during winter and spring months, when demand for production loans peaks.

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