The OCC today updated its Comptroller’s Handbook guidance on residential mortgages, replacing previous guidance and exam procedures issued in 1990, 1998 and 2011. The new booklet consolidates national bank and thrift guidance; provides examiner guidance on assessing residential real estate risk management; includes changes to production, servicing, collections and foreclosures; and incorporates the CFPB’s mortgage rules.
The recent announcement that a credit union will pay more than $7.5 million a year for the naming rights to an NFL stadium raises the question of how a tax-exempt organization meant to serve people “of modest means”...
The CDFI Fund revised its FAQs for CDFI certification applications, revised guidance for its pre-approved target market assessment methodology and announced new early reapplication dates.
The U.S. Department of Transportation launched an inquiry into the four largest U.S. airlines’ rewards programs, with the goal of “protecting rewards customers from potential unfair, deceptive or anticompetitive practices."
ABA joined NFIB and 48 associations in urging the House lawmakers to support legislation to strengthen a federal law requiring agencies to consider the economic effects of proposed regulation on businesses.
Despite record harvests, farmers face mounting financial challenges as commodity prices remain under sustained pressure.
The U.S. economy added 142,000 nonfarm jobs in August, the Labor Department said. Job gains occurred in construction and health care.
