Browsing: Policy

Mortgage FHA issues final rule for transitioning ARMs off Libor

The Federal Housing Administration this week published a final rule removing Libor as an approved index for adjustable-rate mortgages and replacing it with the Secured Overnight Financing Rate as the approved index for newly originated forward ARMs, effective March 31.

Newsbytes ABA urges caution on data privacy bill

In a memo to the House Financial Services Committee today, the American Bankers Association listed several concerns about a bill to modernize nationwide standards for financial data privacy.

Newsbytes CFPB seeks data from large auto lenders

The Consumer Financial Protection Bureau this week ordered nine large auto lenders to provide data on their auto lending portfolios, which is part of a push by the agency to build an auto lending data set.

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