ABA Submits Recommendations for Housing Finance Reform

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted two white papers to the Treasury Department today with recommendations for reforming current mortgage lending rules and regulations and the government-sponsored enterprises Fannie Mae and Freddie Mac.

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Acosta: No Additional Delay for Fiduciary Rule

Labor Secretary Alexander Acosta today announced that the Department of Labor will not delay the June 9 effective date for the fiduciary rule, which greatly expanded the definition of who counts as a “fiduciary” under the Employee Retirement Income Security Act and the Internal Revenue Code.

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ABA Calls for Higher Loan Caps on FSA Guaranteed Ag Loans

Highlighting the critical role the nation’s 1,912 farm banks play in financing the operations of America’s farmers and ranchers, ABA called for changes in the upcoming Farm Bill to the USDA Guaranteed Farm Loan Program in a written statement for the record of a House Agriculture Committee hearing yesterday.

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