The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C. The resources include a small entity compliance guide addressing the changes to the HMDA rule issued in October, instructions on data reporting and a “coverage chart” which helps institutions determine whether they are covered by Reg C.
ABA joined other plaintiffs in filing a motion for summary judgment in a lawsuit challenging an Illinois law restricting interchange fees, pointing to the court’s previous finding that the plaintiffs were likely to succeed on their argument that...
President Trump nominated Federal Reserve Governor Michelle Bowman to be the Fed’s next vice chair for supervision.
Builder confidence in the market for single-family homes in March was 39, down three points from the previous month, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Business inventories in January came in at $2.59 trillion, up 0.3% from the month prior and up 2.3% from a year ago, the Commerce Department said.
Retail and food service sales for February were $722.7 billion, up 0.2% from the previous month, the Commerce Department said in its advance estimate. Sales were up 3.1% from a year ago.
President Trump issued an executive order directing the CDFI Fund and other government programs to reduce their personnel and operations to the minimum to needed to perform their statutory duties.
