The Federal Housing Finance Agency extended the comment period on its request for information on how to improve service to borrowers with limited English proficiency, after advocacy by the American Bankers Association and other financial trade associations. The groups requested an extension of the comment period given the complexity of the issue and the need for diverse participation by lenders of all sizes. Comments will now be due July 31.
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...








