CFPB seeks feedback on consumers’ ability to obtain information from large institutions

Fannie Mae and Freddie Mac should rescind three bulletins revising both enterprises' property verification requirements as they have created numerous compliance difficulties, ABA and two associations said.

Builder confidence in the market for single-family homes in November was 46, up from 43 the previous month, according to the NAHB/Wells Fargo Housing Market Index.

Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would harm small businesses and consumers across the country, ABA and seven bank and credit union associations said.

FHFA will raise the multifamily loan purchase cap for Fannie Mae and Freddie Mac to $73 billion each in 2025, an increase of more than 4% from 2024.

ABA opposes an application by the Digital Governance Standards Institution to become a recognized standard-setting body under the CFPB’s final financial data-sharing regulation.

The FDIC extended the comment period for a proposed rule to establish new recordkeeping requirements for banks that enter into arrangements with third-party fintech firms to provide deposit products and services.