The Federal Financial Institutions Examination Council’s 2023 Guide to HMDA Reporting is now available for download. The 2023 guide focuses on HMDA data submissions due March 1, 2024, and offers the most official source for assisting institutions in their HMDA reporting.
The 2023 guide reflects a technical amendment to the 2020 HMDA rule to adjust the loan volume thresholds effective January 1, 2023, for reporting HMDA data on closed-end mortgage loans.
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates as the Federal Reserve tightened monetary policy.
Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell.
Leaders from ABA and the joint trades met with officials from FHA and US Housing and Urban Development and submitted recommended changes to the policy along with our rationale.
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98, the National Federation of Independent Business reported.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
The CFPB is seeking public input in advance of a proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit reports of victims of domestic violence, elder abuse or...
