ABA Files Second Comment Letter on Regulatory Burden Review

FHFA is considering requiring only one or two credit reports for single-family loans that Fannie Mae and Freddie Mac acquire, FHFA Director Bill Pulte said in a post on X.

The survey found differences in each generation's approach to money. It also reported four strategies that, according to those surveyed, help build financial wellness: saving regularly, budgeting, reducing unnecessary spending and paying down debt.

All major market groups posted gains in September except business equipment, which was unchanged. The production of consumer goods rose 0.7%, reflecting an increase in the index for nondurable goods that more than offset a decline in the...

As labor market momentum slows and households face continued price pressures, household wealth is an important source of support for consumer spending.

ABA said the TIER Act would modernize outdated asset-based thresholds for midsize and regional banks. It also would increase transparency, reduce arbitrary burdens and help regulators focus on actual risk while maintaining appropriate safety and soundness standards, ABA...

The comment periods currently are scheduled to close on Nov. 30. The request would extend the deadline to Jan. 29.