For purposes of the right of rescission, Regulation Z (Truth in Lending Act) defines a “business day” as all calendar days except Sundays and federal legal public holidays.
The CDFI Fund is seeking applicants for the 2026 funding round of the Bank Enterprise Award Program and the Small Dollar Loan Program. The fund also published a notice of availability for its Bond Guarantee Program.
ABA expressed support for Federal Reserve efforts to develop a more uniform regulatory treatment for mutual capital certificates, and offered revisions to proposals to further improve regulation of mutual capital.
The U.S. Supreme Court ruled that Fed Governor Lisa Cook can remain on the Fed board while a lawsuit challenging her removal by President Trump plays out in the courts. However, the court also ruled that Trump could...
Lawmakers in the House and Senate have introduced legislation to require banking agencies to study partnerships between financial technology companies and small- to medium-sized banks and credit unions to see how such arrangements could improve communities.
As inflation has moved even further away from the Fed's 2% target in recent months, Fed communications suggest increasing concern regarding inflation (hawkish) instead of the labor market (dovish), as evidenced by positive values for Bloomberg's FedSpeak Index.
