The Federal Housing Finance Agency in its Annual Housing Report today said that Freddie Mac failed to meet two of its four affordable housing goals — those for low and very-low income buyers purchasing single-family homes — in 2017. The GSE met its low-income refinancing goal for single-family homes and the goal for home purchases in low-income areas. Fannie Mae achieved all four of its affordable housing goals, FHFA said. Both GSEs met the goals for multifamily lending.
The Office of Cybersecurity and Critical Infrastructure Protection has released a consumer advisory on avoiding cyber and online scams during the holiday season, including a warning about suspicious texts or emails claiming to come from financial institutions.
ABA joined associations representing bankers and credit unions in filing a lawsuit challenging the CFPB's effective cap on overdraft fees.
The FCC will discontinue its requirement that banks obtain certain types of Weiss safety ratings to be eligible to provide a letter of credit to telecommunications provider recipients of the Rural Digital Opportunity Fund.
Nearly 80% of commenters on the Federal Reserve’s proposed rule to lower the cap on debit card interchange fees oppose the idea, according to a new analysis by ABA.
The House GOP steering committee has chosen Rep. French Hill (R-Ark.) to chair the House Financial Services Committee in the next Congress.
Banks and bank regulators can do more to address financial fraud, but they also need third parties such as social media platforms and telecommunications providers to do their part, Acting Comptroller of the Currency Michael Hsu said.
